BenefitsLink Health & Welfare Plans Newsletter
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In Connecticut, Paid Sick Leave for Service Workers Is Approved
"The measure covers only service workers who receive an hourly wage, an estimated 200,000 to 400,000 of them, including waiters, cashiers, fast-food cooks, hair stylists, security guards and nursing home aides. It allows each employee to earn one hour of paid sick time for every 40 hours worked, with the number of days capped at five per year."
(The New York Times; free registration required)
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Do plan changes confuse your employees? [Advert.]
No matter how savvy your employees, today’s benefits world can confuse the most sophisticated consumer. That’s why more organizations use BeneCom for benefits communication. We know what employees need to make their benefits work for them—and you.
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California Legislature Dealing with Health Insurance Rate Increase Regulation
"AB 52, if passed as currently drafted, would add California to the list of more than 30 states that directly regulate health care rate increases. ('Rate' for these purposes would include premiums, base rates, underwriting relativities, discounts, copayments, coinsurance, deductibles, and any other out–of–pocket costs.)"
(E Is for ERISA)
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Benefits in General; Executive Compensation
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[Guidance Overview]
Modifying Options After Exercise: Good Faith Required
"A privately held company recently learned that the company's broad authority under its LTIP to modify or even cancel outstanding stock options had its limits. The result was that the company's former CFO received $5.4 mil.lion more upon exercising options than the company argued was owed."
(National Association of Stock Plan Professionals via Utz, Miller & Eickman, LLC)
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Press Releases
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