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June 2, 2011 Get Retirement News  |  Advertise  |  Unsubscribe  |  Past Issues  |  Search

Health Insurance Premium Increase 'Review Process' Is Effective September 1
"Comments are specifically requested on whether and how the process should apply to insurance sold through associations and group trusts." (Deloitte via BenefitsLink.com)


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Employers Seeing Pluses in Keeping Workers Healthy
"Employers are increasingly embracing wellness programs such as the meals-to-go option to foster healthier lifestyles, lower health care costs, and reduce worker absenteeism." (The Boston Globe)

Kaiser's 'Resources for Individuals and Employers' Healthcare Reform Page
"[The page provides] links to resources for individuals and employers from organizations and government agencies to help consumers understand the health care reform law and navigate their coverage options, and to provide information about the implementation activities underway in federal agencies." (Henry J. Kaiser Family Foundation)

Text of ''Family and Retirement Health Investment Act of 2011'' (PDF)
"[A bill to] amend the Internal Revenue Code of 1986 to improve access to health care through expanded health savings accounts, and for other purposes. [Also available are a short section-by-section summary of the bill and a long section-by-section summary.]" (U.S. Senate via American Academy of Actuaries)

[Opinion]
Developing a Review Process for Implementing National Health Care Reform
"[GFOA] recommends that state and local government employers that sponsor group health plans implement a process for reviewing federal health-care benefit requirements at least annually. Doing so will allow employers to plan ahead, allowing them to use the most cost-effective approach to ensuring compliance while offering appropriate benefit levels and options to employees and retirees." (Government Finance Officers Association)

Benefits in General; Executive Compensation

[Guidance Overview]
Guidance Issued on Financial Institutions Incentive-Based Compensation Arrangements
"These rules, if enacted, would prohibit 'covered financial institutions' with total consolidated assets of $1 bil.lion or more ('Covered Entities') from providing incentive-based compensation arrangements which encourage inappropriate risk by providing excessive compensation or which could lead to material financial loss of the Covered Entity." (SNR Denton)

Employers Often Fail to Estimate Costs of Absences
"The survey of 331 human resources and benefits executives and managers of companies with over 500 employees by Liberty Mutual found an organizational disconnect between collecting absence data to satisfy state and federal regulations and using that data to understand costs and savings to function more effectively." (Employee Benefit News; free registration required)

Recent Compensation Compliance-Related Developments Affecting Reward Programs
"Employers should be mindful of recent legal developments that could affect their compensation and other reward programs. These developments include: A court ruling that payments for unused sick days are part of an employee's regular pay rate for purposes of calculating overtime pay . . . ." (Towers Watson)

Employee Ownership Update for June 1, 2011
In his latest column, NCEO Executive Director Loren Rodgers discusses a Treasury official's doubts about ESOP floor price protection, research on the behavioral impact of stock options, and more. (National Center for Employee Ownership)

Press Releases

Employee Benefits Jobs

Attorney - Health Benefits
for Alston & Bird LLP in DC, GA, NY

Compliance Specialist
for Ascensus in PA

Director & Consulting Actuary - Retirement Plan Strategy
for Prudential in CT, IL

Vice President & Actuary - Retirement Plan Strategy
for Prudential in CT, IL

Implementation Manager- IRC27665
for Lincoln Financial Group in ANY STATE, IN

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Webcasts and Conferences

Communicating Employee Benefits Seminars (hosted by The Conference Board)
in New York on June 21, 2011 presented by Buck Consultants

Communicating Employee Benefits Seminars - Hosted by The Conference Board
in Illinois on June 28, 2011 presented by Buck Consultants

Executive Forum on Outcomes-Driven Benefit Design
in Illinois on July 11, 2011 presented by World Congress

Healthcare Payments and Policy Conference (HCON2011) -- Addressing The Growing Problem Of Patient Bad Debt
in Washington on June 28, 2011 presented by Buck Consultants


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

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