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May 18, 2011 Get Retirement News  |  Advertise  |  Unsubscribe  |  Past Issues  |  Search

[Guidance Overview]
Wellness Program Clears ADA Hurdle in Court
"This decision (in Seff v. Broward County) arose from Broward County's imposition of a monetary penalty ($20 per bi-weekly pay period) on any participant in the County's health plan who refused to complete a health risk assessment . . . and undergo a biometric screening (a finger-stick blood test to measure glucose and cholesterol levels)." (Spencer Fane Britt & Browne LLP)


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[Guidance Overview]
California Adopts Favorable Federal Tax Treatment of Health Coverage for Adult Children Under Age 27
"Employers and plan administrators that have operations in California should take steps to ensure that their reporting and payroll systems comply with recent state law changes affecting health coverage provided to children under age 27." (McDermott Will & Emery)

For Employers, Health Insurance Exchanges and Excise Tax for High Cost Plans Are Most Important Health Reform Provisions
"A much smaller proportion was concerned with maintaining grandfathered status (12%), or disclosing the value of health care benefits on employees' W-2s (5%)." (Wolters Kluwer Law & Business)

Employee Health Care Deductibles Rising, According to Survey
"Twenty-two percent of employers imposed deductibles of at least $1,000 this year for in-network services for their health care plans that had the largest enrollment, up from 16% last year and just 8% in 2008, according to PricewaterhouseCoopers L.L.P." (Business Insurance)

Kansas Legislature Bans Insurance Coverage for Abortions
"Supporters of the bill said it looks after the interests of employers opposed to having abortions covered by insurance they subsidize." (Employee Benefit Adviser; free registration required)

Benefits in General; Executive Compensation

[Guidance Overview]
Illinois Civil Union Law Impact on Employee Benefit Plans (PDF)
"Effective June 1, 2011, Illinois will recognize civil unions in accordance with the Illinois Religious Freedom Protection and Civil Union Act. Employers with employees in Illinois should consider how the Act will affect, among other things, their employee benefit plans and programs." (Wang Kobayashi Austin, LLC)

Firms Use Non-Qualified Executive Benefits to Restore Lost Savings
"The fifth annual MullinTBG-PLANSPONSOR Executive Benefits Survey shows companies and executives are looking to nonqualified deferred compensation plans (NQDCPs) as a valuable tool for restoring retirement savings eroded during the financial crisis." (PLANSPONSOR.COM)

State and Local Government Workforce: Survey on 2011 Realities
"Retaining staff needed for core services, reducing employee health care costs, and addressing employee morale and workload problems are the top workforce issues . . . ." (Center for State and Local Government Excellence)

New Developments in Equity Compensation Reporting: Cost Basis, Section 6039, and Proxy Reporting
The NCEO has just released an issue brief on new developments in equity compensation reporting. It will go out to everyone with an NCEO issue brief subscription, and otherwise can be ordered in print or PDF form. (National Center for Employee Ownership)

Press Releases

US Department of Labor Obtains Consent Judgment to Restore Assets to Benefit Plan of Defunct Clarks Summit, Pa., Company
(U.S. Department of Labor, Employee Benefits Security Administration (EBSA))

ERIC Urges En Banc Review of Ruling on Alleged Fiduciary Breach Concerning Unitized Fund and Recordkeeping Fees
(ERIC (ERISA Industry Committee))

The Principal Set for New Retirement Plan Disclosure Rules
(Principal Financial Group)

Juniperus Capital: Profiting from the Insurance Risk Market
(marcus evans)

Tampa Bay-based ASPire Financial Services Opens New Office to Accommodate Growth
(ASPire Financial Services)

Insider Trading and Increased SEC Enforcement Lead myStockOptions.com to Create New Course on SEC Law
(myStockPlan.com, Inc)

F-Squared Names New President of Retirement Division
(F-Squared Investments)

Employee Benefits Jobs

Senior DB Data Analyst
for Diversified in MA

Client Relationship Manager (DB/DC Products)
for General Board of Pension and Health Benefits of the UMC in ANY STATE

Retirement Services Consultant
for Insperity in TX

Retirement Education Consultant
for Charles Schwab in OH

ERISA Compliance Services Director
for Charles Schwab in OH

ERISA Compliance Analyst
for Charles Schwab in OH

ERISA Compliance Analyst
for Charles Schwab in TX

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Jeanette Hull, News Editor
David Rhett Baker, J.D., Editor and Publisher
dbaker@benefitslink.com

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