Major Contract Awards

Defense Logistics Agency Exercises $214 Million Option for Radiology Systems and Components. Toshiba America Medical Systems Inc., Tustin, Calif., was issued a modification exercising the fourth option year on a contract. The modification is a fixed-price with economic-price-adjustment contract with a maximum $214,041,309 for radiology systems, subsystems and components. Location of performance is California with […]

Government’s Claims Accrued Outside Limitations Period

The government’s claims for increased costs, plus penalties and interest, resulting from Cost Accounting Standards and Federal Acquisition Regulation violations were denied in part by the Armed Services Board of Contract Appeals because some claims accrued more than six years before the contracting officer issued a final decision and were therefore barred by the statute […]

Cadet Alumni Official Couldn’t Bind Government to Modification

A claim for the additional costs of renovating an indoor shooting range at the United States Military Academy was summarily denied by the Court of Federal Claim because the contract modification sought by the contractor was not properly authorized. The solicitation required the contractor to use one of two subcontractors for the range’s heating, ventilation, […]

Health Account Balances Resume Growth, EBRI Finds

After a slight drop during the recent recession, health savings accounts (HSAs) and health reimbursement arrangements (HRAs) are showing renewed growth—the average account balance has increased over the past two years, according to recent research from the Employee Benefit Research Institute (EBRI). These individual health accounts are a central element in consumer-driven health plans, which […]

Employers making retirement readiness a top priority, Aon Hewitt survey finds

A new survey by Aon Hewitt reveals that improving the financial wellness of their workforce has become a bigger priority for many employers. To help employees save and prepare for retirement, employers are taking steps to ensure workers understand the financial resources they need to retire, while also offering more sophisticated defined contribution (DC) plan […]

March 1, 2013 Deadline For Compliance With Health Insurance Exchange Notice Provisions Extended

  The Employee Benefits Security Administration (EBSA) has announced that the notice requirement of Fair Labor Standards Act (FLSA) Sec. 18B will not take effect on March 1, 2013, as originally planned. In recently-released frequently asked questions (FAQ), the EBSA explained that Sec. 18B requires certain employers to provide each employee, upon hiring, with: (1) […]

PBGC’s denial of shutdown benefits OK given evidence that shutdown occurred after plan termination

The PBGC’s decision to not pay “shutdown” benefits to participants whose plant closed was not arbitrary and capricious because there was sufficient evidence in the record for the agency to reasonably conclude that a permanent shutdown of plan operations did not occur until after the employer’s defined benefit plan was terminated, the U.S. Court of […]

Pension & Benefits NetNews – February 5, 2013

Featured This Week NetNews Subscription Want to receive these Newsletters via E-mail? Sign Up / Unsubscribe Resources Online Store Customer Service Home Page Products & Training News & Information About Links in this Newsletter To access the IntelliConnect™ full text documents you must be a subscriber to the Pension Plan Guide or Employment Benefits […]

HHS Issues Proposed Rule On Determination Of Individuals’ Eligibility For Exemption From ACA’s Shared Responsibility Payment

The Department of Health and Human Services (HHS) has issued a proposed rule to implement certain functions of the Affordable Insurance Exchanges (Exchanges), including determining eligibility for, and granting certificates of exemption from, the shared responsibility payment for not maintaining minimum essential coverage under Code Sec. 5000A. The proposed rule was published in the February […]

EBSA seeks comments on survey regarding pension benefit statements

The Employee Benefits Security Administration (EBSA) is soliciting comments on a proposed information collection regarding a survey and focus groups that will ask respondents to answer questions related to information presented in benefit statements received from their retirement plans. The Labor Department is planning to survey participants in an existing household internet panel called the […]