Update on Early Retiree Reinsurance Program; Relief for Incomplete Applications
Excerpt: "Applications filed incorrectly or incompletely as a result of the sponsor not having consulted the Frequently Asked Questions posted by the Department on June 29 will be identified and the Department will give the sponsor an opportunity to submit the required additional information as an attachment to the original application."
Local Employer Pay-or-Play Laws: ERISA Preemption a Moot Issue?
Excerpt: "Following the enactment of the Patient Protection and Affordable Care Act (PPACA) and the sweeping changes it is making to the healthcare landscape, it appears the issue of whether existing non-Federal employer 'pay-or-play' healthcare mandates are preempted by ERISA has been put on hold."
Obesity Fight Shifts to Prevention
Excerpt: "[T]he medical cost of the epidemic, estimated at more than $147 billion in 2008, continues to climb. People who are overweight are at higher risk of diabetes, stroke, heart disease, sleep apnea and other health conditions."
(Sacramento Business Journal)
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Benefits in General; Executive Compensation
Who Should Pay for the Trillion-Dollar Pension Gap?
Excerpt: "[G]iven that we've promised at least $1 trillion more in retirement benefits to public employees than we have put aside to pay for them, who should pay to make up the difference? Should it be the employees themselves who pay, through cutbacks to annual cost-of-living adjustments for current retirees or tweaks to benefits that those still working will receive?"
(New York Times; free registration required)
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