Final EAR Rule Updates the Entity List

A final rule issued by the Bureau of Industry and Security amends the Export Administration Regulations by removing four persons from the Entity List ( Supplement No. 4 to EAR Part 744). The rule implements a decision of the End User Review Committee to remove two persons located in France from the Entity List. This […]

Additional Awards Were Permissible In-Scope Modifications

The Court of Federal Claims lacked jurisdiction over a protest of the evaluation criteria under a request for additional items because the subsequent awards constituted permissible modifications to an existing contract. After awarding four items to the protester and one item to the awardee under a “best value” solicitation for all-weather coats, the government requested […]

Only 38 Percent Feel Positive About Health Reform

In 2012, only 38 percent felt positively about the Patient Protection and Affordable Care Act (ACA), down from 49 percent in 2011, according to recent research from the Deloitte Center for Health Solutions. The survey, Deloitte 2012 Survey of U.S. Health Care Consumers, noted that uncertainty about the ACA increased, with 34 percent in 2012 […]

Large plan sponsors finish 2012 with record deficit, Mercer reports

The aggregate deficit in pension plans sponsored by S&P 1500 companies increased by $73 billion to a record year-end high of $557 billion, as of December 31, 2012, according to Mercer. While the December 31, 2012 funded ratio of 74% rebounded from a record low of 70% as of July 31, 2012, overall the ratio […]

Pension & Benefits NetNews – January 29, 2013

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WHD Clarifies Definition Of “Son Or Daughter” For Purposes Of FMLA Leave

In Administrator’s Interpretation No. 2013-1, the Department of Labor’s Wage and Hour Division (WHD) has issued additional guidance regarding the definition of “son or daughter” for employees seeking leave under the Family and Medical Leave Act (FMLA) in order to care for adult children aged 18 or older. In order to take leave under the […]

DB administrators properly used SSA’s definition of “widow’s benefit” to calculate surviving spouse’s pension benefit

Defined benefit plan administrators properly interpreted the plan’s formula for calculating a surviving spouse’s pension benefit by using the Social Security Act’s definition of the term “widow’s benefit,” the U.S. Court of Appeals in Cincinnati (CA-6) has ruled. The term is used in the plan with express reference to the Social Security Act. Plan terms […]

HHS Issues Final Rule To Strengthen HIPAA Provisions

The Department of Health and Human Services (HHS) has issued a final rule that will strengthen the privacy and security protections for health information established under the Health Insurance Portability and Accountability Act of 1996 (HIPAA). The final rule enhances a patient’s privacy protections, provides individuals new rights to their health information, and strengthens the […]

Procedures updated for furnishing of technical advice by Employee Plans or Exempt Organizations Technical Offices

The IRS has issued updated procedures for the furnishing of technical advice memoranda (TAM) by Employee Plans (EP) Technical or Exempt Organizations (EO) Technical offices to EP and EO Examinations Area managers, EP and EO Determinations managers, or an Appeals Area Director in the employee plans (including actuarial matters) and the exempt organizations areas. The […]

Some Employer Health Strategies Are Helping Workers Improve Their Health

Most workers know what it takes to get and stay healthy, but they do not have accurate perceptions of their health and their health care programs, according to a recent survey from Aon Hewitt, the National Business Group on Health, and The Futures Company. However some employer strategies—such as the use of account-based plans and […]