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September 12, 2011 Get Retirement News  |  Advertise  |  Unsubscribe  |  Past Issues  |  Search
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Employee Benefits Jobs

Onsite Participant Counselor
for Diversified in CA

Part-time Onsite Participant Counselor - Orange County, CA
for Diversified in CA

Client Relationship Consultant
for Gallagher Retirement Services in NY

Director of Sales
for Beneco in AZ

Manager of Benefits
for Boston Scientific in MA

Customer Service Representative with Financial Services Exp.
for NYC Pension Fund - We are looking to add a highly motivated team player to our Customer Service Department in NY

New Business Consultant
for Prudential in CT, NJ, NY, PA

Sr Investment Operations Associate
for Prudential in NJ

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Webcasts and Conferences

401(k) Rekon Advisor Symposium- Englewood
in Colorado on October 11, 2011 presented by 401(k) Rekon

COBRA Compliance Workshop
in Oregon on September 23, 2011 presented by U.S. Department of Labor, Bureau of Labor Statistics

Keeping SERPs out of the 409A Penalty Box: How to Safeguard Supplemental Executive Retirement Plans Webinar
Nationwide on September 14, 2011 presented by BNA Business & Legal

Self-Auditing Your Employee Benefits: A Guide to What May Need Fixing
Nationwide on October 20, 2011 presented by Lorman Education Services

The Open Enrollment Challenge: Strategies for Success
Nationwide on October 14, 2011 presented by Lorman Education Services

Wellness Programs: Underlying Legal Requirements and Impact Developments
Nationwide on October 25, 2011 presented by Lorman Education Services


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[Official Guidance]
Important Information for Small Businesses Owners: Deadlines Related to Health Coverage for Employees
"As you might know, if you have up to 25 employees, pay average annual wages below $50,000, and provide health insurance, you may qualify for a small business tax credit of up to 35% (up to 25% for non-profits) to offset the cost of your insurance. This will bring down the cost of providing insurance." (U.S. Department of Health and Human Services)


Summaries of Benefits and Coverage: New Guidance Webinar 9/21/11   [Advert.]

Sponsored by Practical Law Company, Inc.

Learn about the extensive new regulations, including coverage examples and uniform glossary. Chris Condeluci, Of Counsel at Venable LLP, will discuss who must prepare and provide SBCs, appearance and language rules, penalties and more. Register now!


[Guidance Overview]
Deadlines Approach for Small Business Health Care Tax Credit
"Small employers face two tax filing deadlines in the coming weeks . . . ." (Wolters Kluwer Law & Business / CCH)

[Guidance Overview]
Proposed Regulations Regarding Summary of Benefits and Coverage
"Plan administrators will need to consider how to coordinate the delivery of the SBC with other important enrollment materials to participants. The regulations have left open the possibility of combining certain notices to satisfy this requirement along with the notice requirements of ERISA." (Blank Rome LLP)

[Guidance Overview]
New Research Fee Begins with Little Guidance for Employers
"Given the lack of guidance, there is little employers can do at this time. When future guidance is issued, employers should carefully analyze the guidance. Future guidance may prompt an employer to modify its plan design." (Quarles & Brady)

[Guidance Overview]
IRS/ HHS Reminder to Small Employers About Claiming 2010 Small Business Health Care Tax Credit
"The small business health care tax credit is available in its current form through 2013. An increased tax credit of up to 50% of employer contributions (35% for eligible tax-exempt small employers) will also be available starting in 2014, but only for the first two consecutive years an eligible employer offers its employees coverage through an Exchange." (Thomson Reuters/EBIA)

[Guidance Overview]
HHS Extends Applicability of Rate Review Regulations to Association Coverage, and Issues Related Guidance
"These changes to the rate review requirements have a narrow focus, and won't affect most employer-sponsored plans." (Thomson Reuters/EBIA)

The Census Bureau's Upcoming Report on Health Insurance
"On September 13, the Census Bureau will release estimates of the number and percentage of Americans with, and without, health insurance coverage in 2010." (Center on Budget and Policy Priorities)

Part D Prescription Drug Coverage and Health Care Spending by Seniors on Medicare
"Consumer Expenditure Survey (CE) data from the 2005 through 2009 Interview Surveys were used to examine out-of-pocket health care spending by Medicare households before and after the 2006 implementation of Medicare Prescription Drug Coverage (Part D)." (U.S. Bureau of Labor Statistics)

Chronic Pain Workers Comp Claims Increasing for Employers
"According to the Institute of Medicine, chronic pain affects more than 116 mil.lion U.S. residents—more than heart disease, cancer and diabetes combined—and costs up to $635 bil.lion a year in medical treatment and lost productivity." (Business Insurance)

Employers Want Changes to Medicare Rule That Involves Workers Comp Claims
"[I]nsurers and employers often are stymied from reaching settlements with workers comp claimants or parties to a liability claim because Medicare can take months to notify insurers and employers of its final demand . . . ." (Business Insurance)

Wellpoint, IBM Join for Medical-Data Technology Project
"The new system being developed will have the ability to look at massive amounts of medical literature and arrive at best treatment solutions, the companies said in a statement." (Reuters)

Wellness Programs Have Clear Advantages and Also Carry Legal Risks.
"Although providing incentives to employees for achieving positive health outcomes seems like good business sense, a minefield of laws and regulations govern employee wellness programs. Proper planning can help employers develop effective wellness programs that comply with the various requirements." (Fredrikson & Byron P.A.)

[Opinion]
No Job, No Insurance, No Health Care
"The depressing facts are laid out in the Commonwealth Fund's latest biennial health insurance survey. An analysis of the data found that nine mil.lion working-age adults who lost their jobs between 2008 and 2010 became uninsured. Most of those could not find affordable coverage from insurance companies, and some were turned down when they applied." (The New York Times; free registration required)

Benefits in General; Executive Compensation

[Guidance Overview]
Ruling, Governor-Proposed Bill Move Maryland Closer to Same-S.ex Marriage
"A Maryland circuit court judge recently ordered the state to recognize the spousal rights of a same-s.ex couple who had married in the District of Columbia." (Mercer LLC)

Defending Against Shareholder 'Say-on-Pay' Suits (PDF)
"This update examines the litigation risks posed by a non-binding shareholder vote disapproving executive compensation, which raises the stakes on say-on-pay votes in an unexpected way." (Dechert LLP)

Mail Delivery May Stop in 2012 Unless Congress Frees Up Cash
"President Barack Obama's administration is proposing to move the Postal Service's Sept. 30 deadline for a $5.5 bil.lion payment toward future retirees' health benefits, which it says it can't afford, back by 90 days." (Bloomberg L.P.)

National Compensation Survey: Occupational Earnings in the United States, 2010
"The [survey] provides comprehensive measures of occupational earnings, compensation cost trends, the incidence of benefits, and detailed benefit provisions." (U.S. Bureau of Labor Statistics)

At-Home Workers Create New Risks for Employers
"As more companies allow their workforces to move from cubicles to home offices, outdated risk management plans may not be keeping up with the exposures related to at-home workers." (Business Insurance)

Press Releases

As Tax Filing Extension Deadlines Near, IRS and HHS Announce New Round of Outreach to Small Businesses and Practitioners
(Internal Revenue Service (IRS))

IRS Releases Specifications for Registered Tax Return Preparer Test
(Internal Revenue Service (IRS))

Pre-Paid Legal Services Becomes LegalShield
(Pre-Paid Legal Services, Inc.)

CalSTRS Pension Abuse Hotline and Compensation Review Unit Announced
(CalPERS (California Public Employees' Retirement System))

Ogletree Deakins Deepens Employee Benefits Practice Group, Welcomes Benjamin Delancy as Shareholder
(Ogletree Deakins)

Wagner Law Group Celebrates 15th Anniversary
(Wagner Law Group P.C.)

Presidium Retirement Advisers, Inc. Is Certified For Fiduciary Excellence
(Centre for Fiduciary Excellence (CEFEX))

Employers Adding 401(k) Plan Features to Drive Participation and Savings, Says New Schwab Data
(Charles Schwab Corporation)

Non-Traditional Asset Options in Employer-sponsored Retirement Plans Grow in Appeal
(NUA Advisors, LLC)

Blue Cross Blue Shield of Massachusetts Introduces Benefit Plans for Cities and Towns Adopting New Municipal Health Law
(Blue Cross Blue Shield of Massachusetts)



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