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

[Guidance Overview]
$1 Mil.lion Payment to Settle Potential HIPAA Privacy Rule Violations
"It looks like a rising tide of enforcement activity, signaling to covered entities that, in the words of the OCR Director, 'OCR is serious about HIPAA enforcement.'" (Thomson Reuters/EBIA)


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.


Bureau of Labor Statistics Summarizes National Compensation Survey's Findings on Sick Leave and Disability Benefit Combinations (PDF)
"Employers tend to design a package using different benefits to cover different stages of illness or disability. To understand the coverage that employees have, it is useful to look at benefit combinations." (U.S. Bureau of Labor Statistics)

Taking a Scalpel to the Health Care System
"Former Tennessee Gov. Philip Bredesen proposes a Social Security-like trust fund to collect payroll taxes and issue medical vouchers to every American. That would do away with private health insurers -- making it something worth considering." (Los Angeles Times)

As Health Costs Soar, G.O.P. and Insurers Differ on Cause
"Republicans are seizing on the trend as evidence that the new law includes expensive features that are driving up premiums. But the insurance industry says premiums are rising primarily because of the underlying cost of care and a growing demand for it." (The New York Times; free 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]
Avoid Tax Return Mistakes with Stock Options & ESPPs: What You Need To Know in 2011
"Puzzled by your W-2 or a 1099-B form? Don't quite know how and where to report sales of company stock on Schedule D? Even if you hire someone to do your taxes (tax specialists are helpful), you can nevertheless benefit by knowing some of the basics about income tax reporting for company stock." (myStockPlan.com, Inc.)

[Guidance Overview]
IRS's Depreciation Deduction Limits and Inclusion Amounts for Automobiles Placed in Service in 2011 and Revises Limits and Amounts for 2010
"Generally, the cost of acquiring and maintaining a company car for an employee may qualify as a deductible expense for the employer. But the Code's deduction limits and income inclusion amounts can significantly reduce an employer's actual tax deductions." (Thomson Reuters/EBIA)

President's FY2012 Budget Proposal Includes Retirement, Health and Compensation Recommendations
"The recommendations [which would affect employer-sponsored health care, retirement and compensation programs] include authorizing the Pension Benefit Guaranty Corporation (PBGC) to set premiums, continuing Medicare's physician reimbursement rate for another two years and taxing carried interest as ordinary income." (Towers Watson)

Cities Across America Are Facing Dire Financial Distress
"[Vallejo, California,] begged the public-employee unions for pay cuts -- all to no avail. In May 2008, Vallejo filed for bankrup.tcy." (The New York Times; free registration required)

Book Review: 'The Economics of Enough: How to Run the Economy as if the Future Matters'
"The promises that governments have made to pay pension, health care and other benefits to their citizens cannot be kept, [the author] argues. 'The only question is how they will be broken,' she says, 'given the enormous political strains involved in fundamentally changing what people will get from their governments.'" (The New York Times; free registration required)

Who Will Build Your Future? The New Employee Relationship
Human resource executives find that the key to keeping employees engaged and motivated is to show them that the company cares about their well-being. (Harvard Business Review Analytic Services / Unum)

White Paper Explores Funding Benefits Risks Through Captives
"Funding employee benefit risks through a captive insurance company is not for every employer, but those that do so can reduce their costs, reap significant tax breaks and provide enhanced benefits to employees, according to a new Business Insurance white paper." (Business Insurance)

[Opinion]
State Workers and New York's Fiscal Crisis
"In all, the salaries and benefits of state employees add up to $18.5 bil.lion, or a fifth of New York's operating budget. Unless those costs are reined in, New York will find itself unable to provide even essential services." (The New York Times; free registration required)

Press Releases

Time-Saving SAS 70 Audit Report Now Available to ESOP Sponsors
(Principal Financial Group)

MassMutual Survey of Defined Contribution/401(k) Plan Participants Reveals Widening Gender Gap in Retirement Confidence
(MassMutual)

MassMutual: Study Reveals Disability Insurance Gaps and Opportunities in the Workplace
(MassMutual)

Integrated Benefits Institute Elects New Board Chair: Walmart’s Chris McSwain
(Integrated Benefits Institute)

Ascensus and 3D Asset Management to Partner on ETF 401k Program
(Ascensus)

Life Time Fitness Delivers Comprehensive Alternative to Traditional, Participation-Based Wellness Programs
(Life Time Fitness, Inc.)

McGraw Wentworth Promotes John Locy to Account Director
(McGraw Wentworth)

Department of Defense to Measure Impact of Guard and Reserve on America’s Workforce
(Employer Support of the Guard and Reserve (ESGR))

New HealthyPrograms.OK.gov Showcases Health and Fitness Resources
(State of Oklahoma)


Employee Benefits Jobs

Conversion Specialist - Defined Contributions in MA for Sentinel Benefits and Financial Group

Implementation Project Manager in NH for Retirement Alliance

401(k) Client Service Manager in CA for Sequoia Benefits

ERISA Attorney in CA for Schwartz, Steinsapir, Dohrmann & Sommers LLP

Post Your Job on EmployeeBenefitsJobs.com

View All Jobs

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Webcasts and Conferences

2011 Spring Summit - The New Reality: The Challenge of the Here and Now
in California on March 22, 2011 presented by Western Pension & Benefits Conference - Los Angeles Chapter

401(k) Rekon Advisor Symposium- Houston
in Texas on April 5, 2011 presented by 401(k) Rekon

Fiduciary Focus Webcast
Nationwide on March 10, 2011 presented by J.P. Morgan Retirement Plan Services


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