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March 30, 2011 Get Retirement News  |  Advertise  |  Unsubscribe  |  Past Issues

[Official Guidance]
IRS Notice 2011-28: Interim Guidance on Reporting to Employees the Cost of Group Health Insurance Coverage (PDF)
"This notice provides interim guidance that generally applies beginning with 2012 Forms W-2 (that is, the forms required for the calendar year 2012 that employers generally are required to furnish to employees in January 2013 and then file with the Social Security Administration . . .)." (U.S. Internal Revenue Service via BenefitsLink.com)


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[Guidance Overview]
IRS Delays Smaller Employer Deadline to Report Health Insurance Costs on W-2s
"In addition, the IRS also clarified that the reporting requirement does not apply to retirees receiving health care coverage." (Business Insurance)

[Guidance Overview]
Employers Must Prove Reasons for Denying Reinstatement after FMLA Leave, Ninth Circuit Rules
"Reversing a jury verdict in favor of the employer and ordering a new trial, the Ninth Circuit Court of Appeals held that the trial court's instructions to the jury improperly placed the burden on the employee to prove that the employer had no reasonable cause for not reinstating her." (Jackson Lewis LLP)

[Guidance Overview]
Extended Enforcement Grace Period for New Claims and Appeals Rules under Health Care Reform (PDF)
"During the enforcement grace period, the Departments will not take any action against a group health plan or a self-funded nonfederal governmental health plan, with respect to these provisions. HHS is encouraging States to provide similar grace periods with respect to insurers, and HHS will not cite a State for failing to substantially enforce these new claims and appeals rules." (Hay Group; free registration required)

[Guidance Overview]
Insurer Must Be Licensed by State to Insure the Types of Benefits Offered in Order for MEWA to Be Fully Insured
"The insurer must be obligated first-in-line to pay all benefits due under the plan directly to plan participants, the [DOL] explained." (Deloitte via BenefitsLink.com)

[Guidance Overview]
Court Moves Forward Retirees' Case for Lifetime, Company-Paid Health Benefits
"Retirees, their spouses, and surviving spouses or other dependents of individuals who worked for M&G Polymers assert that although they have a right to lifetime retiree health care benefits, the company is requiring them to pay for those benefits in violation of various collective bargaining agreement provisions." (PLANSPONSOR.COM)

Purchasing High Performance As Health Reform Moves Ahead, Employers Face Tough Questions
"[F]or employers working to comply with the new law, there are more immediate concerns related to new regulations, the forthcoming exchanges, possible penalties, and as-yet-undefined minimum benefit levels. [This article] looks at some of these issues, as well as the implications of the current political and legal threats to reform.' (The Commonwealth Fund)

HR Leaders Must Make Diabetes Prevention and Maintenance a Top Priority, Experts Say
"'Many costs are associated with diabetes, including increased absenteeism and more expensive medical care,' . . . . 'Programs that encourage physical activity and weight loss can help reduce or avoid these costs.'" (Human Resource Executive Online)

Proposed Changes to ADA Affects Employee Leave
"[T]he Americans with Disabilities Act effectively expanded the number of people who are considered disabled. That change in the law means that many more employers may be fielding requests from employees for reasonable accommodations. And 'reasonable accommodations' might mean more than 12 weeks of leave . . . ." (TheLedger.com)

Description of H.R. 1232 to Amend Internal Revenue Code to Eliminate Tax Benefits Relating to Abortion
"This document provides a description of present law and the proposals contained in H.R. 1232 [which include deduction for medical expenses not allowed for abortions; disallowance of refundable credit for coverage under qualified health plan which provides coverage for abortion; and disallowance of small employer health insurance expense credit for plan which includes coverage for abortion.]" (U.S. Congress Joint Committee on Taxation)

[Opinion]
Towers Watson Testimony at House Hearing: 'A Framework for Employers in Deciding Whether or Not to Participate in the CLASS Program'
"The March 17, 2011, hearing was on 'The Implementation and Sustainability of the New Government-Administered Community Living Assistance Services and Supports (CLASS) Program." (Towers Watson)

[Opinion]
High-Deductible Plans: When Spending Less on Health Care Isn't Always Better
"[R]edesigning insurance in a way that actually lowers spending and, by the way, promotes good health, is a lot more complicated than merely giving people 'more skin in the game,' as conservatives like to put it. A new study by researchers affiliated with the Rand Institute suggests why." (Henry J. Kaiser Family Foundation)

Benefits in General; Executive Compensation

[Guidance Overview]
SEC Staff Updates Interpretive Guidance on Executive and Director Compensation Disclosure Rules (PDF)
"The most recent guidance has been released over the last several months in response to the Dodd-Frank financial reform legislation. The interpretative guidance is briefly summarized [in the target page] with the most recent guidance presented in italics." (Frederic W. Cook & Co., Inc.)

Working Better: A Sense of Ownership Is Like a Sense of Lunch and 32 Other Things I Learned About Ownership Culture
What makes a great employee ownership company? Over the last 30 years, Corey Rosen has written about this in a series of columns for the NCEO's newsletter titled 'Working Better.' Drawing on lessons from employee ownership companies, research on employee engagement, and leading thinkers on both business and other issues, he looked at ideas that can truly make a difference. This book collects the best of these essays and adds updates and reflections on the issues they raise. (National Center for Employee Ownership (NCEO))

[Opinion]
GE's Soaring Profits Won't Stop It from Slashing Employee Benefits
"Among the major concessions GE has signaled that it will ask of union workers is the elimination of a defined [benefit] pension for new employees, a move the company has already implemented for its non-union salaried employees." (CBS Interactive)

Press Releases

PBGC Helps Preserve Pensions for 53,000 People in the First Quarter
(Pension Benefit Guaranty Corporation (PBGC))

Hogge Sentenced In Health Care Fraud Scheme
(U.S. Department of Labor, Employee Benefits Security Administration (EBSA))

US Department Of Labor Publishes Public Hearing Transcript Regarding Proposed Regulation On Definition Of Fiduciary
(U.S. Department of Labor, Employee Benefits Security Administration (EBSA))

Reporting is Voluntary for All Employers for 2011 and Small Employers for 2012
(Internal Revenue Service (IRS))

New Research from EBRI: Employer Contributions to Account-Based Health Plans Drop in 2010
(Employee Benefit Research Institute (EBRI))

Workers’ Attitudes About the Future of Social Security and Medicare
(Employee Benefit Research Institute (EBRI))

Retaining Key Employees as Job Market Improves
(Principal Financial Group)

Fiduciary Benchmarks Announces Partnership With M Financial Group
(Fiduciary Benchmarks, Inc.)

Landmark Victory for Wisconsin Workers on Paid Sick Days
(Family Values @ Work)


Employee Benefits Jobs

Plan Administrator for Retirement Plan & ERISA Specialists in IL for Dana Consulting Group, Ltd.

Client Services Relationship Manager I in AZ for WilmingtonTrust Company

Account Executive- Employee Benefits in LOCATION OTHER THAN U.S., IL for The Plexus Groupe

Team Manager - Installation Services in CA for Transamerica Retirement Services Corporation

Pension Participant Service Specialist in WI for CUNA Mutual

Sales & Marketing Interaction Ctr Team Leader in WI for CUNA Mutual

Contact Center Sales Representative in WI for CUNA Mutual

Sr. Mgr, Customer Operations in WI for CUNA Mutual

Client Service Manager (CSM) in CA for TRI-AD

Sr. Licensing & Commissions Specialist in CA for Transamerica Retirement Services Corporation

Consultant, 401(k) in IL for Blue Cross and Blue Shield Association

Post Your Job on EmployeeBenefitsJobs.com

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Webcasts and Conferences

A-4 Exam
Nationwide on May 19, 2011 presented by ASPPA (American Society of Pension Professionals & Actuaries)

Certified Pension Consultant (CPC) Exam
Nationwide on June 14, 2011 presented by ASPPA (American Society of Pension Professionals & Actuaries)

EA-2B Review Course
in Virginia on April 1, 2011 presented by ASPPA (American Society of Pension Professionals & Actuaries)

ERPA-SEE Registration Deadline
Nationwide on July 6, 2011 presented by AIRE, LLC (American Institute of Retirement Education)

Retirement Plan Basics - 401(k) Plan Basic Operation
in California on May 18, 2011 presented by Actuarial Consultants, Inc.

Retirement Plan Basics - 401(k) Plan Basics Operation
in California on May 3, 2011 presented by Actuarial Consultants, Inc.

Retirement Plan Basics - Annual Plan Administration
in California on May 3, 2011 presented by Actuarial Consultants, Inc.

Retirement Plan Basics - Annual Plan Administration
in California on May 18, 2011 presented by Actuarial Consultants, Inc.

Spring Exams Final Registration Deadline
Nationwide on May 11, 2011 presented by ASPPA (American Society of Pension Professionals & Actuaries)


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