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May 31, 2011 Get Retirement News  |  Advertise  |  Unsubscribe  |  Past Issues  |  Search

[Guidance Overview]
2012 Minimums and Maximums for Health Savings Accounts and High-Deductible Health Plans
"The IRS calculates the annual adjustments using the 12-month period ending March 31." (The Segal Group, Inc.)



[Guidance Overview]
New Medicare Part D Creditable/Non-Creditable Coverage Notices (PDF)
"Before the change in the enrollment period, notices had to be provided by November 15th. While the Part D enrollment period now starts October 15th, the CMS guidance still references the November 15th deadline. Plan sponsors should stay alert for further clarifications on when to distribute these notices." (Buck Consultants, LLC)

[Guidance Overview]
Insufficient Medical Information Justifies Refusal of FMLA Leave
"The 9th U.S. Circuit Court of Appeals has held that a federal employer had the discretion to convert an employee's conditionally granted FMLA leave to an 'absent without leave . . . status after the employee refused to provide more than minimal information about the reasons for her requested leave." (Ogletree, Deakins, Nash, Smoak & Stewart PC)

[Guidance Overview]
HHS Final Regulations on Disclosure and Review of Rate Increases by Insurers
"Significantly for many employer-sponsored plans, the final regulations confirm that disclosure and review of rate increases will not apply to the large group market." (Thomson Reuters/EBIA)

Maine Revamps Its Health Insurance Laws
"Last week Maine Governor Paul LePage signed into law new legislation (L.D. 1333) intended to make sweeping changes to the Maine individual and small employer group health insurance markets." (Verrill Dana, LLP)

Illinois Civil Union Act May Impact Benefit Plans Beginning June 1, 2011
"This new law will provide the same rights and responsibilities to same se.x and opposite se.x civil union partners as afforded to spouses in the state of Illinois. It may have broad implications to employers and their group health plans." (McKenna Long & Aldridge LLP)

Connecticut Senate OKs Paid Sick Leave Legislation
"Beginning Jan. 1, if the law is enacted, businesses with more than 50 workers would allow employees to begin accruing one hour of sick leave for each 40 hours worked." (Bloomberg LLP)

Business Travel Takes Toll on Workers' Health
"[A] recently published study backs up business trekkers . . . who've long suspected life on the road was negatively affecting their health. The study, which analyzed data gathered from roughly 13,000 workers, found that those who traveled more than 20 nights a month were 2.61 times more likely to report they were in poor or fair health than those on the road one to six days a month." (USA TODAY)

Benefits in General; Executive Compensation

[Guidance Overview]
Illinois Civil Union Law Affect on 'Church' Plans
"[An alert on the Association for Corporate Counsel Web site says] that because civil union partners will have the same rights as spouses under state law, many religious organizations' benefit plans could be affected. Determining whether coverage of civil union partners is required hinges upon the type of benefit plan, whether the benefit is insured, and whether the plan is subject to [ERISA]." (PLANSPONSOR.COM)

Stock Options Issued As Incentive to Motivate Employees to Focus on Making the Company More Successful and More Profitable
"But new Wharton research shows that managers may not view stock options as an incentive at all. [A] paper entitled, 'Stock Option Exercise and Gift Exchange Relationships: Evidence for a Large U.S. Company,' . . . found the practice impacted employee performance after workers earned a sizable payoff from exercising their stock options." (Knowledge@Wharton via Human Resource Executive Online)

Delaware's Civil-Union Law: Benefits Under Federal Law (PDF)
"Even if you are an employer whose benefits are governed by federal law, there is no downside to having a policy that provides equal benefits to partners joined in a civil union. Choosing not to, however, is not an option if you're an employer whose benefits are not covered by federal law." (M. Lee Smith Publishers LLC via Young, Conaway, Stargatt & Taylor)

Calculating Damages in ERISA Litigation
"In this paper will present and discuss four different methodologies for calculating ERISA damages — what we will label the 'best performing fund' 'portfolio redistribution,' 'most similar fund' and '10b-5 style' ERISA damage methods." (Social Science Research Network)

Press Releases

Employee Benefits Jobs

Employee Benefits Associate Attorney
for Keating Muething & Klekamp PLL in OH

DB/DC Administrator
for Nicholas & Hicks, Inc. in CA

Benefit Payments Accountant - 1099-R
for National Rural Electric Cooperative Association (NRECA) in VA

Post Your Job on EmployeeBenefitsJobs.com

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Webcasts and Conferences

A Full Day With Sal Tripodi, APM
in New York on June 22, 2011 presented by ASPPA Benefits Council (ABC) Of New York

The CLA Regional Law Conference
Nationwide on April 19, 2012 presented by Commonwealth Law Association


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

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