Exclude health savings accounts from fiduciary rule, ECFC says

Health savings accounts (HSA) are primarily used to fund health care expenses and should not be subject to the fiduciary rule like individual retirement arrangements (IRA). That’s according to a letter from the Employers Council on Flexible Compensation (ECFC) to the Department of Labor (DOL) in response to a request for information in connection with […]

Employers expect health care costs to rise by 5.5 percent in 2018, up from 4.6 percent in 2017

Employers expect health care costs to increase by 5.5 percent in 2018, up from a 4.6 percent increase in 2017, according to the 22nd annual Best Practices in Health Care Employer Survey by Willis Towers Watson. In the face of these continued cost pressures, including employee affordability, employers plan to step up cost management strategies […]

Pension & Benefits NetNews – August 15, 2017

  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 Management. Links […]

Religious exemption to contraceptive mandate not extended to nonreligious employers

“After careful review, but without any hesitation,” the Third Circuit U.S. Court of Appeals determined that the religious exemption to the Patient Protection and Affordable Care Act’s (ACA) contraceptive mandate does not apply to a secular anti-abortion group with no religious affiliation and affirmed the district court’s grant of summary judgment to the federal government. […]

Spencer’s Benefits NetNews – August 11, 2017

  About this Newsletter The Spencer’s Benefits Reports is a summary of the week’s news items posted in the WHAT’S NEW pages of Spencer’s Benefits Reports Online. For questions regarding this email service, contact Customer Service at (800)449-9525. NetNews Subscription Want to receive these Newsletters via E-mail? Sign Up / Unsubscribe Resources Online Store […]

Denial of disability benefits, failure to offer accommodation didn’t show constructive discharge

An employee who claimed his employer failed to engage in the interactive process or accommodate his disability, and that a claims examiner falsely told him she had contacted his doctor before denying his disability claim, was unable to proceed with his claims under California’s Fair Employment and Housing Act (FEHA) and Family Rights Act (CFRA) […]

Illinois flood-related deadline relief extended

Illinois Gov. Bruce Rauner has announced that the state will waive penalties and interest for taxpayers in an additional eight counties who cannot file or pay taxes on time as a result of floods in July 2017. The additional counties are Carroll, Henry, Jo Daviess, Lee, Ogle, Rock Island, Stephenson, and Whiteside. Previously declared disaster […]

Employers are revamping benefits strategies to outmaneuver competitors and become destination employers

As the U.S. unemployment rate drops, the battle to recruit and retain top talent has only intensified. Becoming a destination employer is not only crucial for the competitiveness of individual organizations, it also impacts the economy. According to the U.S. Department of Labor, there are currently 5.7 million job openings. If all of those positions […]

Wisconsin issues bulletin on military pay, withholding

The Wisconsin Department of Revenue has issued a tax bulletin that discusses military pay and nonresident withholding. Military pay income subtractions—The military pay income subtraction does not apply to pay that members of the Reserves and National Guard receive for weekend or two-week annual training and it also does not apply to a member of […]

The ACA helped working people get insured

Rates of health insurance coverage in working families increased under the Patient Protection and Affordable Care Act (ACA). About 9.5 million workers and 5.2 million of their family members gained coverage from 2010 to 2015 under the ACA, according to a brief from the Urban Institute and Robert Wood Johnson Foundation (RWJF). Prior to the […]