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Health & Welfare Plans Newsletter

July 8, 2010

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These one-day regional seminars will provide a quick and cost-effective way for jointly-managed plans to know what they need to do now in response to unfolding reform regulations. Included is an afternoon workshop addressing the early retiree subsidy application process. Two additional workshop options are also offered -- Multiemployer Perspectives and Public/Governmental Plan Perspectives.

Google to Reimburse Tax on Domestic Partner Benefits
Excerpt: "Google Inc. is offering to reimburse its g.ay and les.bian employees for the additional federal tax they pay on the value of company-paid domestic partner benefits."
(Workforce Management)

Healthcare Reform Could Accelerate Shift to High-Deductible Plans
Excerpt: "The reform law's move to cap FSA contributions at $2,500 annually, beginning in 2013, also may spur employees themselves to take a second look at health spending accounts . . . ."
(Workforce Management)

An employer writes:

"I have to tell you that of all the job boards I've ever used, this one has the best quality of candidates. I don't get flooded with tons of resumes, and even the candidates who aren't fit for the jobs we have don't miss the mark by much."

Executive Compensation; Benefits in General

New Executive Compensation and Governance Requirements in Financial Reform Legislation
Excerpt: "In many cases, the Act directs the Securities and Exchange Commission . . . to implement the Act's requirements by adopting rules or directing the national securities exchanges or associations . . . to adopt rules. The Act also authorizes the SEC or securities exchanges to exempt certain companies, such as smaller issuers, from some of the Act's requirements."
(K&L Gates LLP)

National Compensation Survey: Occupational Earnings in the United States, 2009
Excerpt: "The National Compensation Survey . . . provides comprehensive measures of occupational earnings, compensation cost trends, the incidence of benefits, and detailed benefit provisions."
(U.S. Bureau of Labor Statistics)

Social Media Won't Work for Benefits Information, According to Survey
Excerpt: "[A]bout three-fourths of workers said they were not interested in receiving information via Facebook about their employer-sponsored health benefits, tips on improving their health or saving money on health care."
(Business Insurance)

Code Section 457A Traps for Multinational Employers
Excerpt: "In a nutshell, Section 457A limits deferrals of compensation by US individuals employed by 'nonqualified entities' - entities in countries other than the US, which do not have robust tax systems."
(Michael Melbinger via Winston & Strawn LLP)

Webcasts and Conferences

Annual Plan Administration & 401(k) Basics Seminars
in California on August 18, 2010
presented by Actuarial Consultants, Inc.

HIPAA and Other Health Benefits Laws: Compliance Assistance Seminar
in Nebraska on September 14, 2010
presented by U.S. Department of Labor, Employee Benefits Security Administration (EBSA)

Pension Funding Relief What's In, What's Not and How It Works
Nationwide on July 15, 2010
presented by International Foundation of Employee Benefit Plans

Press Releases

ERIC Commends Appointment of PBGC Director
ERIC (ERISA Industry Committee)

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Newly Posted Employee Benefits Jobs

Group Benefits Specialist - New Business Development
for David J. Hollinger Associates, Inc.
in MN

Manager, Client Transition
for Prudential
in IA

ERISA Compliance Manager
for Charles Schwab Corp., Inc.
in TX

Where the best employers find the best candidates!

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David Rhett Baker, J.D., Editor and Publisher

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