Benefits Update – June 2016

From the editors of Wolters Kluwer’s benefits products, here are hot topics from recent Employee Benefits Management Directions newsletters as well as recent explanatory updates in Employee Benefits Management. Also included are recent explanatory updates to the Benefits Answers Now product and Spencer’s Research Reports. Hot Topics in Employee Benefits Management: The ins and outs […]

Benefits Update – May 2016

From the editors of Wolters Kluwer’s benefits products, here are hot topics from recent Employee Benefits Management Directions newsletters as well as recent explanatory updates in Employee Benefits Management. Also included are recent explanatory updates to the Benefits Answers Now product and Spencer’s Research Reports. Hot Topics in Employee Benefits Management: Many employees would prefer […]

Benefits Update – April 2016

From the editors of Wolters Kluwer’s benefits products, here are hot topics from recent Employee Benefits Management Directions newsletters as well as recent explanatory updates in Employee Benefits Management. Also included are recent explanatory updates to the Benefits Answers Now product and Spencer’s Research Reports.   Hot Topics in Employee Benefits Management: Claim that hours […]

Rule Addresses Crimes By or Against Contractor Personnel

The Department of Defense has issued a proposed rule that would amend the Defense Federal Acquisition Regulation Supplement to expand coverage of the requirements and responsibilities relating to alleged crimes by or against contractor personnel. Specifically, the rule would revise the clause at DFARS 252.225-7040 to require the contractor to provide its personnel with information […]

Interpretation of RFQ to Justify Award Was Unreasonable

The award of a task order contract for barracks furnishings was contrary to the terms of the solicitation, according to the Court of Federal Claims, because the awardee’s proposal indicated it did not comply with a material term. In a protest filed after the awardee delivered the furniture to a warehouse in Japan, the protester […]

$50 Million FCA Civil Penalty Was Unconsitutional

The District Court for the Eastern District of Virginia declined to enforce the False Claim Act’s mandatory civil penalty because it constituted an excessive fine in violation of the Eighth Amendment and the FCA did not give the court discretion to award a lesser penalty that would be within constitutional limits. The relators alleged the […]

FAC 2005-57 Implements Korea Free Trade Agreement

The Civilian Agency Acquisition and Defense Acquisition Regulations Councils have issued Federal Acquisition Circular 2005-57 with one interim rule amending the Federal Acquisition Regulation. The rule implements the United States–Korea Free Trade Agreement (see PL 112-41 and 19 USC 3805 note). The Republic of Korea is already party to the World Trade Organization Government Procurement […]

Costs Less; Covers Fewer People: A New Look at the Health Reform Law

One of the basic facts that often gets lost in the millions of bytes of text that have been written about the Patient Protection and Affordable Care Act is that its most significant provisions do not even go into effect until January 2014. Since the law was enacted, politicians, pundits, professors, actuaries and the general […]

Interest rates remain the same for the second quarter of 2012

The Internal Revenue Service has announced that interest rates will remain the same for the calendar quarter beginning April 1, 2012. The interest rates are as follows: three percent for overpayments (two percent in the case of a corporation); three percent for underpayments; five percent for large corporate underpayments; and one-half percent for the portion […]

Plan’s choice of interest rate to calculate withdrawal liability not an abuse of discretion

A multiple-employer pension plan’s board did not abuse its discretion when it used what an employer described as an “unreasonably low” interest rate to calculate the amount of the employer’s withdrawal liability, the U.S. Court of Appeals in San Francisco (CA-9) has ruled. Contested amount At the district court level, the employer argued that the […]