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February 7, 2011 Retirement Plans Newsletter  |  Advertise  |  Unsubscribe  |  Past Issues

[Guidance Overview]
Dealing with Holidays and Holiday Pay
"[T]here is no federal law requiring employers to celebrate holidays or to pay their employees for these days. Some states have special pay requirements for employees who work on a holiday, but there are no state law requirements that private employers grant and pay for holidays . . . ." (Fisher & Phillips LLP)

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Sponsored by The International Foundation of Employee Benefit Plans

Attend the International Foundation’s Health Care Management Conference and receive up-to-date information on health care reform, learn how others are addressing similar issues and get tips on effective cost-saving techniques. Register Now!

[Guidance Overview]
Federal Court Rules Hospital Employee's Faith-Healing Vacation is Not Protected FMLA Leave
"In addition, the Court determined that an employer faced with a questionable medical certification supporting the need to care for a family member did not violate the FMLA by requesting the employee to submit a second medical certification from another health provider that was treating the family member and was more familiar with the potential medical need for leave." (Jackson Lewis LLP)

[Guidance Overview]
Hand-Delivered COBRA Election Notice Signed by Terminated Employee in Exit Interview Was Adequate
"[A]lthough not raised in this case, hand-delivering a COBRA election notice only to a covered employee at the worksite could open the door to a claim that notice had not been provided to a covered spouse." (Thomson Reuters/EBIA)

Enhanced Physicals Designed to Keep the Heads of Companies Fit
"The $2,000-per-person prices for these full-body examinations are considered an essential corporate expense. Ciena and other companies with 'executive health' perks say it's in their best interest to keep the top ranks well." (The Baltimore Sun)

Are There Alternatives to Mandating Health Insurance
"'You could offer discounts to people who sign up early. You could increase premiums for those who delay,' . . . . 'Medicare actually does this.'" (NPR)

DOJ Opposing Health Care Reform Challenge Expedited Review Request
"The U.S. Justice Department will oppose a request by Virginia Attorney General Ken T. Cuccinelli to have the U.S. Supreme Court hear health reform challenge appeals right away." (PLANSPONSOR.COM)

Another Trial Court Rules on the Individual Mandate, Declaring Entire Health Care Reform Law Invalid
"The federal government, for its part, has announced that implementation of health care reform will continue, but at least one state that spearheaded this lawsuit is reported to be considering delayed implementation of reform at the state level." (Thomson Reuters/EBIA)

HHS Provides New Information on Approved Annual Limit Waivers
"Although the webpage notes that 171 HRA applications received waivers, the number of HRAs actually covered by waivers is probably much higher because some applications were submitted by entities that administer multiple HRAs." (Thomson Reuters/EBIA)

Complete Benefits Law Guidance from Law Journal Press (advert.)

Sponsored by ALM

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Benefits in General; Executive Compensation

One Company Finds Permitting Employees to Modify Their Schedules Reduces Their Anxiety and Stress
"[Bon Secours Virginia Health System] is prepared to provide employees with flexible schedules to help meet their financial needs. A part-time worker might request full-time employment for a while or ask to increase part-time hours to qualify for benefits . . . ." (Workplace Management: free registration required)

When It Comes to Auto and Home Benefits, There's a Lot Employees Don't Know
"In recent years, employers increasingly have embraced the opportunity to enhance their employee benefit packages by offering access to voluntary benefits such as dental, long-term care, and property and casualty insurance." (Employee Benefit News; one-time free registration required)

Hybrid LTC Plans Cited Among 2011 Benefit Trends
"The message comes courtesy of Mark Konen, president of Lincoln Insurance and Retirement Solutions, who believes voluntary plans will continue to gain importance as more employers search for cost-effective benefit solutions." (Employee Benefit Adviser; one-time free registration required)

Press Releases

Evolution Benefits™ Announces Former P+W Software Executive, Bud Bockoven Has Joined Company as a Vice President of Sales EB Opens Western Office in Los Angeles
(Evolution Benefits)

Lincoln Financial Group's Defined Contributions / 401(k) Intermediary Team Expands National Footprint
(Lincoln Financial Group)

ABG Carolinas Becomes a Division of Pentegra Retirement Services
(Pentegra Retirement Services)

ING Extends its Fiduciary Service Program to More Types of Retirement Plan Sponsors
(ING Retirement Services)

Pulse Logic Announces Completion of NIPA Retirement Plan TPA Study
(Pulse Logic)

Funded Status of U.S. Pensions Rises to 87.6 Percent, According to BNY Mellon Asset Management
(BNY Mellon)

Bipartisan Bill Will Ensure Americans Are Better Prepared For Retirement
(U.S. Senator Jeff Bingaman)

Employee Benefits Jobs

Retirement Plan Administrator in OH for Noble-Davis Consulting, Inc

Benefits Manager in NY for Audubon

Retirement Plan Investment Representative in PA for First Savings Financial Services - Retirement Plan Services

Plan Administrator in VA for The Newport Group

Retirement Plan Administrator in PA for Valley Forge Pension Management

Health and Welfare Benefits Compliance Manager in FL for Publix Super Markets, Inc.

Education Consultant in CA for AXA Equitable

Pension Consultant in AZ for Boyce & Associates, Inc.

Regulatory Services Officer in MA for Putnam Investments

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Webcasts and Conferences

Webcast: Compensation Consternation
Nationwide on March 24, 2011 presented by ASPPA (American Society of Pension Professionals & Actuaries)

Webcast: Creative 401(k) Testing and Design
Nationwide on February 22, 2011 presented by ASPPA (American Society of Pension Professionals & Actuaries)

Webcast: Putting Together a Complete and Effective Auditor's Package
Nationwide on April 19, 2011 presented by ASPPA (American Society of Pension Professionals & Actuaries)

Webcast: Troubleshooting Participant Loan Issues
Nationwide on February 16, 2011 presented by ASPPA (American Society of Pension Professionals & Actuaries)

Webcast: Who is a Fiduciary under the New Proposed DOL Regulations?
Nationwide on February 24, 2011 presented by ASPPA (American Society of Pension Professionals & Actuaries)

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