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March 31, 2011 Get Retirement News  |  Advertise  |  Unsubscribe  |  Past Issues

[Guidance Overview]
Enforcement Dates Extended for PPACA Internal Appeals Procedures
"[A] chart lists these new internal claims and appeals standards as well as the dates compliance is required." (Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.)


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Employer and Worker Contributions to Account-Based Health Plans, 2006-2010
"The percentage of workers reporting that their employer contributes to the account was unchanged. But among those with an employer contribution, overall contribution levels have fallen." (Employee Benefit Research Institute (EBRI))

Congressional Budget Office Provides Testimony on Effects of Healthcare Reform
From the CBO's Director: 'I testified before the House Energy and Commerce's Subcommittee on Health on CBO's analysis of the Patient Protection and Affordable Care Act (PPACA) and the health care provisions of last year's Reconciliation Act. With the staff of the Joint Committee on Taxation (JCT), we have provided the Congress with extensive analyses of the legislation, and my written statement summarizes that work." (U.S. Congressional Budget Office)

New Report Estimates Lower Out-of-Pocket Health Costs During Retirement
Fidelity Investments is estimating that a 65-year old couple retiring in 2011 will need $230,000 to pay health expenses during retirement. (Associated Press via New York Times; free registration required)

DOL Annual Report to Congress on Self-Insured Health Plans (Including Appendices) (PDF)
88 pages. 'The Department estimates that 12,000 health plans filing a Form 5500 for 2008 were self-insured and 5,000 mixed self-insurance with insurance . . . . These plans respectively covered 22 mil.lion and 25 mil.lion participants and held assets totaling $35 bil.lion and $84 bil.lion, the Department estimates." (U.S. Department of Labor via American Benefits Council)

Blue Cross Network Saves Michigan Money
"Michigan consumers benefit from a primarily nonprofit system of hospitals and insurers with one major insurer, Blue Cross Blue Shield of Michigan, in the lead. A little more than 40 percent of Michiganians are covered by the Blues." (The Detroit News)

Health Care Reform: One Year Later (Part 2)
"This week, . . . we'll summarize the status of the constitutional challenges, identify a couple of potentially important changes in the offing and share our thoughts about what employers should be doing now to plan for the next stages of implementation." (Verrill Dana, LLP)

Benefits in General; Executive Compensation

[Guidance Overview]
SEC Proposes Listing Standards for Compensation Committees
"[T]he proposal requires the 'listing standards' to address the independence of the members on a compensation committee, the committee's authority to retain compensation advisers, and the committee's responsibility for the appointment, payment and work of any compensation adviser." (PLANSPONSOR.com)

[Guidance Overview]
IRS Modification of Correction Guidance for Nonqualified Deferred Compensation Plans (PDF)
"These correction procedures are available to sponsors of and participants in nonqualified defined benefit or defined contribution plans that provide for the deferral of compensation (section 409A plans), including section 457(f) plans." (Prudential Retirement)

[Guidance Overview]
SEC Staff Guidance on 'Pay-to-Play' Rule (PDF)
"The Staff's guidance may assist advisers in fine-tuning their compliance programs, although we note that the guidance does not account for recently proposed amendments to the Rule." (Morgan Lewis)

Press Releases

Department of Labor Releases Affordable Care Act Study on Self-insured Plans
(U.S. Department of Labor, Employee Benefits Security Administration (EBSA))

Modifying the Exclusion of Employee Contributions to Retirement Savings Plans From Taxable Income: Survey Evidence on Likely Impact on Retirement Savings
(Employee Benefit Research Institute (EBRI))

Organizations Can Boost Employee Engagement with the Right Mix of Rewards
(Willis)

National Survey Reveals Great Divide Between Skills Workers Have and Skills Employers Require
(Corporate Voices for Working Families)

Does Your 401(k) Need Long-Term Care Insurance?
(LTC Financial Partners)

The Vitality Group Adds TrainingPeaks to Help Members Reach Their Health and Fitness Goals
(The Vitality Group)

Shape Up The Nation Employee Wellness Platform Reaches Two Million Covered Lives
(Shape Up The Nation)

Guide Assists With Solid Retirement Plan That Lasts Multiple Lifetimes
(Protect Your IRA)


Employee Benefits Jobs

Client Relationship Manager in CA for Burnham Gibson Financial Group

Relationship Manager-Institutional Retirement Plan Services in AZ for Vanguard

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Webcasts and Conferences

Cincinnati Employee Benefits Conference
in Ohio on June 9, 2011 presented by Cincinnati Bar Association - Employee Benefits Committee

COBRA and HIPAA Compliance Workshop
in Illinois on April 21, 2011 presented by U.S. Department of Labor, Employee Benefits Security Administration (EBSA)

Retirement Plan Insights Seminar
in Pennsylvania on May 10, 2011 presented by McKay Hochman Co., Inc.

Taking the Mystery Out of Retirement Planning - A Focus on Women & Retirement Webcast
Nationwide on April 12, 2011 presented by U.S. Department of Labor, Employee Benefits Security Administration (EBSA)

Understanding Your Fiduciary Responsibilities Under ERISA Workshop
in Massachusetts on May 19, 2011 presented by U.S. Department of Labor, Employee Benefits Security Administration (EBSA)

Understanding Your Responsibilities Under ERISA Workshop
in Illinois on April 21, 2011 presented by U.S. Department of Labor, Employee Benefits Security Administration (EBSA)


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