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June 13, 2011 Get Retirement News  |  Advertise  |  Unsubscribe  |  Past Issues  |  Search

[Guidance Overview]
Connecticut to Require Many Employers to Offer Paid Sick Leave
"The Connecticut General Assembly has passed a sick leave law that will make Connecticut the first state to mandate paid sick leave for certain hourly service workers." (Mintz, Levin, Cohn, Ferris, Glovsky and Popeo P.C.)



[Guidance Overview]
Terms of Life Insurance Plan, Not State Law, Determined Proper Definition of Domestic Partner
"General definitions of domestic partner in state and local law will (if they exist at all) tend to vary from place to place. As this case illustrates, that makes it incumbent on the plan to provide a careful definition." (Thomson Reuters/EBIA)

What Will 2014 Mean for Employees' Healthcare Plan Coverage If ACA Is Still Around?
"Is there an explanation for this disparity [between the McKinsey survey reporting that 30 percent of employers will be dropping employer-sponsord health insurance and the IFEBP survey that reports only 0.7 percent]? McKinsey posits that, the more employers are aware of healthcare reform, the more interested they are in pursuing alternatives to traditional coverage. . . . Many of the employers surveyed by IFEBP had also thought through the implications of healthcare reform, though." (Wolters Kluwer Law & Business: Health Reform Talk Blog)

Survey Draws Renewed Attention to Impact of PPACA on Employer-Provided Benefits as The Law's Future Remains Unclear
"[A]t least 30 percent of employers would benefit financially from dropping coverage even if they completely compensate employees through other benefits or higher salaries." (HR Policy Association)

Controversial McKinsey Health Care Study Creates Major Dissent at Firm
"The consulting firm McKinsey & Company was thrust into the political spotlight Tuesday after it published a study—at odds with the expert consensus—finding that, once fully implemented, the health care reform law will drive huge numbers of employers to drop or dramatically restructure their companies' health care benefits." (TPM)

Employers Focus on Improving Employee Health to Decrease Health Care Costs
"In the coming year, employers plan to rely more on employees to decrease health care costs, but the inability to motivate and change habits has prompted concern . . . ." (Wolters Kluwer)

How Will Health Costs Change from One Region to the Next?
"The cost of healthcare for a typical American family varies from one location to the next. Here is the most recent comparison of those costs across 14 geographic areas . . . ." (Milliman, Inc.)

Benefits in General; Executive Compensation

California Cities Carry Out Pension Changes While Governor Still Negotiating
"Brea is among about 90 cities in the most populous state that have made changes to their pension plans . . . while Governor Jerry Brown and lawmakers wrestle over ways to lower costs. . . . Taxpayers who have seen local government services cut are demanding that elected officials take action on the rising costs of public-worker benefits . . . ." (Bloomberg.com)

Employer Costs for Employee Compensation in March 2011
"Wages and salaries averaged $19.85 per hour worked and accounted for 70.7 percent of total compensation costs, while benefits averaged $8.25 and 29.3 percent, respectively." (U.S. Bureau of Labor Statistics)

[Opinion]
The Assault on Public Sector Collective Bargaining: Real Harms and Imaginary Benefits (PDF)
"[These proposed changes] serve no purpose beyond a partisan attempt to weaken a key supporter of the Democratic party and they do not address budget deficits. Instead, they take away a core right . . ." (American Constitution Society for Law and Policy, authored by Joseph E. Slater)

Press Releases

SouthWest Benefits Association Elects New Board of Directors
(SouthWest Benefits Association)

MetLife Helping Employees Tackle Broader Range Of Financial and Retirement Challenges
(MetLife)

ASPPA Offers IRS Ideas to Simplify Paperwork for Retirement Plan Filings
(American Society of Pension Professionals & Actuaries (ASPPA))

Mercer Reports Strong Growth in Health and Benefits Co-sourcing Market
(Mercer)

Sun Life Financial Employee Benefits Group Launches an Industry First: Malpractice Insurance Reimbursement Rider for Long-Term Disability Customers
(Sun Life Financial)

AccuFund Introduces the Employee Portal, a Client Interface for Organizational Communications and Employee Self-Service
(AccuFund, Inc.)

Getting Paid - Collecting the Disability Check: A Resource Manual for Libraries, Individuals & Professional Advisors
(ElderCare Publishing Co., Inc.)


Employee Benefits Jobs

Defined Benefit Pension Plan Administrator
for The Angell Pension Group, Inc. in ANY STATE

Implementation Mgr I
for The Standard in OR

Account Executive II / Sr Account Executive
for Principal Financial Group in TX

Conversions Specialist
for The Newport Group in NC

Client Service Manager
for The Newport Group in FL, NC, WI

ERISA Compliance Manager
for Charles Schwab in OH

Client Services Manager
for Charles Schwab in AZ

SunGard IT Analyst
for Tegrit Administrators in SC

Employee Benefit Specialist
for Tycor Benefit Administrators, Inc. in PA

Proposal Writer
for J.P. Morgan in KS, MO

Post Your Job on EmployeeBenefitsJobs.com

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Webcasts and Conferences

COBRA and Affordable Care Act Compliance Workshop
in Nevada on June 14, 2011 presented by U.S. Department of Labor, Employee Benefits Security Administration (EBSA)

HIPAA Security for Employer Plans and Business Associates: A Framework for Compliance
Nationwide on June 9, 2011 presented by EBIA / Thomson Reuters

Negotiating Investment Management & Consulting Agreements in a New Regulatory Landscape
Nationwide on June 30, 2011 presented by ABA Joint Committee on Employee Benefits

Supreme Court Update: ERISA & Class Actions
Nationwide on July 19, 2011 presented by ABA Joint Committee on Employee Benefits


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Jeanette Hull, News Editor
David Rhett Baker, J.D., Editor and Publisher
Holly Horton, Business Manager
Copyright 2011 BenefitsLink.com, Inc., but feel free to forward this newsletter in its entirety.

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