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March 24, 2011 Get Retirement News  |  Advertise  |  Unsubscribe  |  Past Issues

[Guidance Overview]
Cafeteria Plans, HRAs and External Appeals Requirements
"This article is meant to explain in detail how the external appeals requirements apply to Cafeteria and HRA plans. We will first discuss which Cafeteria and HRA plans are subject to the external appeals requirements and then discuss those requirements (and their effective dates) in detail." (Wolters Kluwer Law & Business)


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[Guidance Overview]
Where FMLA Bonding Leave Is at Issue, Unmarried Parents Have More Generous Leave Rights
"In what can only be described as a loophole in the FMLA, the unmarried parents [who work for the same employer] do not have to split the 12 weeks [as married parents must] -- each may take up to 12 weeks of bonding leave." (Franczek Radelet PC)

[Guidance Overview]
Compliance Deadline for Certain Claims Procedure Requirements Extended by Health Care Reform Guidance
"At this time, plan sponsors should discuss with their insurers and third party administrators if they will be taking advantage of the extended deadline and whether a summary of material modifications describing the delayed effective dates should be issued to participants." (Dorsey & Whitney LLP)

ERISA Reimbursement Expert's Website on the Law of Subrogation/Reimbursement
"[Professor Roger Baron] established this web site for the purpose of providing a resource for those individuals (and their attorneys) who find themselves the target of ERISA Reimbursement Claims. [The] site has numerous articles, audio files, and video files which are provided here as a free resource." (ERISA With Professor Baron)

State Workers' Unused Paid Time Off Means Big Payouts at Retirement
"The records reflect a widespread failure by the state to control the amount of paid time off that employees amass. State policy caps the number of vacation hours an employee is allowed to bank at 640 hours - or 16 weeks - and sometimes higher for public safety workers. But many agencies do not enforce the limits." (San Francisco Chronicle)


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The Right to a Flexible Workplace?
"A few companies have embraced a radical form of flexibility: the 'Results Only Work Environment'' posits that when and where people work is irrelevant, so long as the work gets done." (The Boston Globe)

Health Care's Hidden Costs: $363 Bil.lion
"These 'hidden' costs of health care -- like taking time off to care for elderly parents -- add up to $363 bil.lion, according to a report from the Deloitte Center for Health Solutions, a research group." (Cable News Network)

Benefits in General; Executive Compensation

[Official Guidance]
ERRATA: 'General Explanation of Tax Legislation Enacted in the 111th Congress'
Two changes submitted on March 23, 2011. (U.S. Congress Joint Committee on Taxation)

Executive Compensation Year in Review: Looking Back on 2010 and Implications for 2011 (PDF)
"This letter provides a recap of major regulatory and technical developments that were detailed in our alert letters published in 2010, and comments on the issues companies are currently facing with regard to executive compensation design and corporate governance reform." (Frederic W. Cook & Co., Inc.)

Say-on-Pay 2011: How Shareholders Are Voting (PDF)
"Buck's analysis of voting results in shareholder meetings conducted by nearly 60 companies that have occurred after [January 21, 2011] indicates that a majority of shareholders voted AGAINST management's recommendation when it came to the frequency of say-on-pay voting (by choosing a more frequent vote than the majority of the companies' management teams had recommended), but primarily voted FOR the executive pay programs themselves." (Buck Consultants)

NQDC Plans Still a Valuable Benefit, According to Survey
"The findings also suggest that NQDC plans are becoming a 'mainstream' benefit both for senior and mid-level key employees. The number of mid-level managers participating in NQDC plans increased to 36%, up from 17% last year." (PLANSPONSOR.COM)

Benefits Were 30.3% of Total Compensation in December 2010, BLS Finds
"According to the BLS, private industry benefits costs averaged $8.11 per hour, accounting for 29.2% of total compensation costs, which averaged $27.75 per hour worked." (Wolters Kluwer)

[Opinion]
American Benefits Council/AHIP Letter Regarding Code Section 162(m)(6) Issues: The Deduction Limit Applicable to Deferred Compensation (PDF)
"In any event, given the variety and complexity of compensation arrangements (including in particular defined benefit SERPS), and regardless of the number of safe harbors provided, guidance should provide that any reasonable method for allocating earnings would be permitted." (American Benefits Council / America?s Health Insurance Plans)

Press Releases


Employee Benefits Jobs

Sr. Account Executive in DC, NC for Diversified Investment Advisors, Inc.

Employee Benefits - Senior Account Manager in CA for Woodruff-Sawyer & Co.

401(k) Junior Administrator in IL for Iron Administration, LLC

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Webcasts and Conferences

Easy, Low Cost Ways to Start Your Small Business Retirement Plan
Nationwide on April 7, 2011 presented by Internal Revenue Service (IRS)


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