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February 17, 2011 Retirement Plans Newsletter  |  Advertise  |  Unsubscribe  |  Past Issues

Four States Get Waivers to Carry Out Health Law
"To qualify for a waiver, a state, an employer or an insurer must show that compliance with the federal requirement would cause 'a significant increase in premiums or a decrease in access to benefits.'" (The New York Times; one-time registration required)


HIPAA Privacy One-Hour E-Learning Course (advert.)

Sponsored by The International Foundation of Employee Benefit Plans

Ensure your team is compliant with HIPAA Privacy regulations! This International Foundation e-learning course provides a general overview of HIPAA Privacy and is an excellent tool for annual team training. Enroll today!


Hearing on the 'Constitutionality of the Individual Mandate'
The hearing was held February 16, 2011; the target page has links to testimony. (U.S. House of Representatives Committee on the Judiciary, Subcommittee on Courts, Commercial and Administrative Law)

Massachusetts Towns Owe Workers $20B for Health Care, According to Study
"In Boston, an average single family homeowner would pay an extra $100,000 in taxes over 30 years to meet this health care obligation, estimated the Massachusetts Taxpayers Foundation, a fiscal monitor." (Business Insurance)

Health Insurance Summary of Benefits Should Be Clearer, According to Report
"'Testing revealed that consumers were able to use the forms to make hypothetical choices among health plans,' the report explained. 'However, the study also found deep-seated confusion and lack of confidence with respect to health plan cost-sharing." (Wolters Kluwer)

New Jersey Public Employees Would Pay More for Medical Benefits Under Plan
"[The senate president] said the system of providing medical coverage was no longer sustainable. He wants to bring public workers' health benefits in line with those in private business, saying public employees receive 'Cadillac' benefits." (Philly.com)

[Opinion]
Chart: The Health of Health Reform
The chart examines progress on three key dimensions: Roll-out, Reactions, and Results. (The New York Times; one-time registration required)


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

Sponsored by ALM

The nation's workforce and health care system are constantly evolving and so are the legal issues. Law Journal Press helps you handle any benefits law question with up-to-date, authoritative books on all aspects of the field.


Benefits in General; Executive Compensation

[Guidance Overview]
SEC Makes the Advance Approval of Shareholder Say on Parachute Payments Even Less Attractive
"Question 128B.01 . . . provides that, even if a company's shareholders approve a say-on-parachute payments resolution in the 2011 annual meeting proxy, if the company adds a new CEO one month later, it would need to seek shareholders approval again in any future merger proxy." (Michael S. Melbinger via Winston & Strawn LLP)

[Guidance Overview]
DOL Advisory Opinions Consider Fiduciary Issues (PDF)
"The [DOL] recently issued three advisory opinions considering fiduciary or prohibited transaction issues arising in the management of ERISA plans." (Sutherland Asbill & Brennan LLP)

11 Things to Know in 2011 on Employee Benefits and Executive Compensation
"In some cases immediate action may be necessary; in other cases, there may be planning opportunities." (SNR Denton)

Obama's Budget Does Not Spare Employers
"The 2012 budget signals to the business community that, fiscal difficulties notwithstanding, the Obama administration isn't backing off from its efforts to vigorously enforce the nation's workplace laws . . . ." (Human Resource Executive Online)

New Report Explores Workforce Lessons Learned from 'The Great Recession'
"The new Adecco Staffing US report discusses: The changing profile of the U.S. workforce; Industries that will benefit most from a contingent workforce; How a contingent staffing model can benefit an organization." (Adecco Group)

Text of GAO's Latest 'High Risk' List of Programs at Risk for Waste, Fraud and Abuse (PDF)
Starting on page 147, the section on Modernizing and Safeguarding Insurance and Benefit Programs covers the following: Improving and Modernizing Federal Disability Programs; Pension Benefit Guaranty Corporation Insurance Programs; the Medicare Program, and the Medicaid Program. (U.S. Government Accountability Office)

Press Releases

Financial Engines Reports Fourth Quarter and Full Year 2010 Financial Results
(Financial Engines, Inc.)

Higher Percentage of Older Workers in the Work force in 2010
(Employee Benefit Research Institute (EBRI))

Great-West Retirement Services Appoints Top Producer To Newly Created Sales Role
(Great-West Retirement Services)

Mutual of Omaha Teams With 401k Coach for Second Year of "Boot Camp"
(Mutual of Omaha)

MetLife Adds Five New Quality Resource Guides to Its Dental Continuing Education Program
(MetLife)

BeneTrac Helps Employers Address Healthcare Reform Requirements
(BeneTrac)

Towers Watson Practice Lead Eric Parmenter Joins HighRoads To Lead Health and Welfare Consulting Group
(HighRoads, Inc.)

The Impact of Pensions On State Borrowing Costs
(Center for State and Local Government Excellence)

Jean-Philippe Provost to Join Mercer as International Consulting Group Leader in the US
(Mercer)

Genworth Financial's New Live+Well Program Aims to Promote Healthy Aging
(Genworth Financial, Inc.)

Consulting Veterans David Harper and Bill Straub Join RPAG
(Retirement Plan Advisory Group)

Premier Healthcare Alliance Launches Next Wave of Comparative Effectiveness Research Program to Determine Safest, Most Efficient Care
(Premier Inc.)

DALBAR and FiduciaryPlanReview.com Announce Joint Venture
(DALBAR)

Fonality Survey Finds Knowledge Workers at Small & Mid-Size Firms Spend Half of Workday on Essential, but Unproductive Tasks
(Fonality)

U.S. Taxi and Limo Drivers Now Eligible for Group Health Benefits
(National Association of Taxi Drivers)

New Report Explores Workforce Lessons Learned From 'The Great Recession'
(Adecco Staffing)


Employee Benefits Jobs

Client Relationship Manager in MI for PensionTrend, Inc.

Compliance Analyst in TX for Alliance Benefit Group of Houston, Inc.

Post Your Job on EmployeeBenefitsJobs.com

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Webcasts and Conferences

2011 Roth Conversion and Portability
Nationwide on April 7, 2011 presented by McKay Hochman Co., Inc.

3-Part Defined Benefit Prototype Plan Series
Nationwide on April 13, 2011 presented by McKay Hochman Co., Inc.

Boston Mid-Sized Retirement & Pension Plan Management Conference
in Massachusetts on May 15, 2011 presented by University Conference Services

Chicago Health and Welfare Plan Management for Mid-Sized Employers Conference
in Illinois on June 7, 2011 presented by University Conference Services

Compliance Checkup for Health Reimbursement Arrangements: Latest Rules Including Health Care Reform
Nationwide on March 16, 2011 presented by EBIA / Thomson Reuters

Controlled Groups
Nationwide on February 24, 2011 presented by McKay Hochman Co., Inc.

Installation Services Job Fair
in California on February 23, 2011 presented by Transamerica

Texas Total Rewards Conference in Dallas, TX
in Texas on September 19, 2011 presented by Texas Total Rewards Alliance

Voluntary Fiduciary Correction Program Workshop
in Kentucky on April 4, 2011 presented by U.S. Department of Labor, Employee Benefits Security Administration (EBSA)


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