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[Guidance Overview]
Assignments of Benefits: Do They Include Rights to Statutory Penalties & Attorneys' Fees?
"Although a short, unpublished opinion, the decision in Eden Surgical Ctr. v. B. Braun Med., Inc. raises an important question. Does the assignment of benefits by a patient to a provider confer rights under an ERISA group health plan to assert other claims, such as a claim for statutory penalties and attorneys fees?"
(Health Plan Law)
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The Debate Over Health Insurance Brokers' Fees
"The issue of how to weigh the cost of paying insurance brokers under the new federal health care law is up for debate again, even though state regulators made their final recommendations last year."
(The New York Times; free registration required)
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How Commission Transparency Could Work for Health Insurance Agents
"[A]t least one major carrier has announced that premiums for groups of 51 employees or more will no longer include commissions. The agent can specify the commission level desired and it will be billed by the carrier, but it will be a line item visible to the client."
(Employee Benefit Adviser; free registration required)
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Benefits in General; Executive Compensation
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New Survey for Plan Sponsors Benchmarks Non-Qualified Plans
"The results of the [first Profit Sharing/401k Council of America] survey will assist plan sponsors who participate by providing them with a complimentary report that will provide nonqualified plan benchmarking data."
(David Wray's Blog)
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San Francisco Has Large Health Care and Pension Liabilities
"San Francisco now owes $4.476 bil.lion in pensions to its employees but only has the money to pay roughly three-quarters of that cost. Every family in the city would have to pay $35,000 apiece to make up the difference."
(San Francisco Chronicle)
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Aspiring M.B.A. Candidates May Find Tuition Programs at Work
"A September 2010 survey of 1,084 U.S. companies from Business and Legal Reports . . . showed a large increase in the percentage of companies that had a tuition-funding program, to 85 percent, up from 52 percent in 2007."
(The New York Times; free registration required)
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Employee Ownership Update for March 15, 2011
NCEO Executive Director Corey Rosen discusses the following: The top five executives of the 1,500 largest corporations in the U.S. averaged $25 to $30 bil.lion per year in non-salary compensation between 2001 and 2007, according to a new report. The DOL held hearings on its proposed fiduciary regulations, which, among other things, would define ESOP appraisers as fiduciaries. The FED's 'Creating Wealth by Sharing Wealth' nationwide university essay contest winners have been announced.
(National Center for Employee Ownership)
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Press Releases
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