Health & Welfare Plans Newsletter
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[Guidance Overview]
3rd Circuit Addresses a Post-Glenn ERISA World
– "[I]n Metropolitan Life v. Glenn, the Supreme Court reaffirmed the Firestone standard for arbitrary and capricious review of denial of benefit claims under ERISA Section 502(a)(1)(B), but also reiterated the need to weigh conflict of interests when plan administrators are both responsible for claim determinations and claim payments."
(Workplace Prof Blog)
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[Guidance Overview]
Attachment of Proof of Benefit Assignment May Prove Critical to Removal
– "The plaintiff filed its complaint in New Jersey Superior Court, naming twenty-one insurance providers and one medical claim processing company. The gravamen of the complaint, 'couched in terms of fraud, negligence, and interference with contract,' consisted of a claim for additional reimbursement."
(Roy Harmon III via Health Plan Law)
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Making Workplace Wellness Work
– "Increasingly, [World Economic Forum] participants are focusing on workplace wellbeing. Several major corporations . . . have created the Workplace Wellness Alliance to better understand the link between employee wellness and productivity. Healthy work environments are essential to a business's bottom line."
(Thomson Reuters)
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Benefits in General; Executive Compensation
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[Guidance Overview]
Final SEC Rules Regarding Say-on-Pay and Golden Parachutes (PDF)
– "Under the SEC's final rules, companies are required, not less than once every three years, to include in their proxy statements for an annual or other meeting at which directors are elected a vote by the shareholders approving the compensation of a company's named executive officers, as such compensation is disclosed in the proxy statement."
(Dow Lohnes PLLC)
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Future Direction and Challenges for Multiemployer Benefit Plans
– "Although these plans once represented one of the great triumphs in labor relations in providing pension, welfare, and health benefits to unionized workers, these plans are now under siege because of financial/demographic, legislative, and judicial developments."
(Social Science Research Network)
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GAO Concludes Existing Regulation Covers Financial Planners
– "[The GAO] recommended that the National Association of Insurance Commissioners . . . assess consumers' understanding of the standards of care associated with the sale of insurance products and that the SEC determine how well investors understand financial planners' titles and designations."
(American Institute of Certified Public Accountants)
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Press Releases
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Employee Benefits Jobs
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Webcasts and Conferences
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