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February 18, 2011 Retirement Plans Newsletter  |  Advertise  |  Unsubscribe  |  Past Issues

[Guidance Overview]
A New VEBA Boomlet?
"Inevitably, anything as massive as health care reform will have unanticipated consequences. One of those appears to be a renewed demand for welfare benefit trust funds. This demand arises in a specific context: self-insured, stand-alone retiree health plans." (Spencer Fane)


The 8th Annual World Health Care Congress(WHCC). April 4-6, 2011 (advert.)

Sponsored by World Congress

The 8th Annual World Health Care Congress (WHCC) is World Congress' flagship event in which over 1,800 health care, government and corporate leaders formulate solutions to the challenges of health care cost, quality and delivery.


[Guidance Overview]
Student Health Insurance Defined As Individual Insurance in Affordable Care Act
"Student health insurance coverage would be defined as a type of individual health insurance coverage and thus would not be subject to some of the provisions of the Patient Protection and Affordable Care Act (ACA), according to proposed rules from the Department of Health and Human Services' Centers For Medicare and Medicaid Services." (Wolters Kluwer)

[Guidance Overview]
Genetic Testing Causes Concern for Governmental Plan Sponsors
"This Public Sector Letter presents an overview of genetic testing coverage issues. It discusses the following aspects of genetic testing coverage: the ever-increasing number of diseases for which genetic testing is available, uses of genetic testing and various ways in which some genetic tests can improve care, issues to consider for public sector health plans that decide to cover genetic testing, and a Department of Health and Human Services report that includes criteria for determining when genetic testing coverage is and is not recommended." (The Segal Company)

ERRP Update: It's Time to Make Your Move
"According to an article this week in Business Insurance, the US Dept of Health and Human Services (HHS) estimates that $3.6 bil.lion will have been paid out in fiscal 2011 (ending 9/30/11). That leaves only $1.4 bil.lion for next year -- and then it's gone." (The VIA Retirement Plan Blog)

HHS OKs 94% of Health Care Law Waiver Requests
"The waivers are needed because most, if not all, mini-med plans run afoul of federal rules -- mandated by the health care reform law -- that set a minimum annual dollar limit on essential benefits that health care plans must provide in 2011, 2012 and 2013." (Business Insurance)

In Newburyport, MA, Pension Balloon Set to Bust
Excerpt: "And as the Massachusetts Taxpayers Foundation notes in a report called 'Retiree Health Care: The Brick That Broke Municipalities' Backs,' thanks to the 'rapid acceleration of health care costs combined with overly generous benefits,' the top 50 cities and towns in the state by population are on the hook for a 'staggering' $20 bil.lion." (Newburyportnews.com)

House Proposal to Defund Health Reform Would Block Market Reforms, Cost-Containment Measures, and Coverage Improvements
"The amendment would bar the use of any funds provided by the legislation to implement any aspect of the Affordable Care Act, the health reform law enacted last year. If enacted, it would effectively block progress for the remainder of the fiscal year in a number of critical areas . . . ." (Center on Budget and Policy Priorities)

[Opinion]
Health Reforms Central Flaw: Too Much Power in One Office
"I [recently] saw an analysis of the expanded powers of the secretary of health and human services under last year's health-reform law. It took a 5-foot-by-10-foot chart, as compiled by the Center for Health Transformation, to list the new powers for this office and all the bureaucrats that report to the secretary." (Michael O. Leavitt in the Washington Post; free registration required)


The Most Complete, Current, Easy-to-Use HSA Resource Available! (advert.)

Sponsored by Aspen Publishers

Health Savings Account Answer Book answers every HSA question... clarifies every HSA issue... in a format that's quick and easy to use. It tells you virtually everything you have to know to profit from HSAs.


Benefits in General; Executive Compensation

[Guidance Overview]
SEC's Final Rules on Say-on-Pay, Say-on-Frequency and Say-on-Parachutes
"Public companies must provide shareholders with a say-on-pay vote and say-on-frequency vote at the first annual or other meeting of shareholders where directors are elected occurring on or after January 21, 2011. The say-on-parachutes vote and enhanced disclosure of golden parachute compensation will be required for initial filings by all public companies on or after April 25, 2011." (McDermott Will & Emery)

[Guidance Overview]
SEC's Final Say-on-Pay and Say-on-Frequency Rules
"The final rules require companies to provide shareholders -- no less frequently than once every three years -- a nonbinding advisory vote on the compensation paid to named executive officers, as disclosed pursuant to Item 402 of Regulation S-K." (Perkins Coie LLP)

[Guidance Overview]
SEC's Say-on-Golden Parachute Rules
"The final rules will be effective April 4, 2011, except as noted below. Although the final rules substantially reflect the proposed rules, there are important differences, and companies should carefully review the SEC's final rules for guidance." (Perkins Coie LLP)

Hawaii Legislators Approve Civil Unions
If the legislation is approved by the governor, civil unions will begin on January 1, 2012. (Yahoo! News (Can.ada))

Press Releases

US Department of Labor to Host Free Webcast Feb. 23 on Retirement Savings Options for Small Businesses and Plan Providers
(U.S. Department of Labor, Employee Benefits Security Administration (EBSA))

Connecticut Court Rules Pension Trustees Legally Liable To Restore Misused Pension Plan Assets In Response To US Labor Department Motion
(U.S. Department of Labor, Employee Benefits Security Administration (EBSA))

American Workers Say Wellness Works to Improve Health, Save Costs
(Principal Financial Group)

NTSAA & ASPPA Renew Appeal for 403(b) Plan Audit Relief
(American Society of Pension Professionals & Actuaries (ASPPA))

ADP Announces 10,000th Client on Workforce Now
(ADP)

The Retirement Income Industry Association Announces Prestigious Sponsors of its 2011 Spring Conference
(Retirement Income Industry Association)

Finally! A Web Based Document Solution that Delivers Compliance Updates Automatically for Federally Mandated Section 125 Cafeteria Plans
(My Compliance Solution)


Employee Benefits Jobs

Education Consultant in TX for AXA Equitable

Plan Manager Premier Account Services in IN for AUL/OneAmerica Financial Partners, Inc.

Product Manager - Retirement Services in NY for Paychex, Inc.

Branch Operations Manager in PA for Complete Investment Management Inc

Account Relationship Manager in AZ for Beneco

Director, Plan Administration in LOCATION OTHER THAN U.S. for Public Service Pensions Board

Jr. Retirement Plan Analyst in NH for Retirement Alliance, Inc.

Retirement Plan Analyst in NH for Retirement Alliance

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Webcasts and Conferences

Atlanta Health and Welfare Plan Management for Mid-Sized Employers
in South Carolina on April 5, 2011 presented by University Conference Services

Next Steps: Managing Fee Disclosure Regulations Webcast
Nationwide on February 24, 2011 presented by Principal Financial Group

Retirement Savings Options for Small Businesses and Plan Providers Free Webcast
Nationwide on February 23, 2011 presented by U.S. Department of Labor, Employee Benefits Security Administration (EBSA)

San Francisco Mid-Sized Retirement & Pension Plan Management Conference
in California on March 27, 2011 presented by University Conference Services

The Fiduciary Trend: The Combined Effects of the Proposed Advice Regulation and ERISA 408(b)(2) Webinar
Nationwide on March 3, 2011 presented by Centre for Fiduciary Excellence (CEFEX)


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