IRS final rules remove automatic extension of time to file Form W-2

The IRS has finalized rules for filing Forms W-2 (except Form W-2G) and Forms 1099-MISC with information in box 7 to accelerate the time for filing these forms so that the information concerning compensation in these forms is available earlier in the filing season for use in the IRS’s identity theft and refund fraud detection […]

ERIC files ERISA preemption suit against City of Seattle

The ERISA Industry Committee (ERIC) has filed a complaint in the U.S. District Court for the Western District of Washington against the City of Seattle, claiming that ERISA supersedes and preempts the health coverage and payment mandates in Part 3 of the Seattle Hotel Employees Health and Safety Initiative – SMC 14.25 (the Initiative). Under […]

PBGC issues second installment of 2016 pension insurance data book

The Pension Benefit Guaranty Corporation (PBGC) has released the second installment of its pension insurance data book that covers pension plan data for the year beginning in 2016. The PBGC data tables generally provide researchers, journalists and others interested in the federal pension insurance program easily accessible, detailed statistics for the single-employer and multiemployer plans […]

2018 monthly national average premium provided

The IRS has issued guidance providing the 2018 monthly national average premium for qualified health plans that have a bronze level of coverage for taxpayers to use in determining their maximum individual shared responsibility payment under Code Sec. 5000A(c)(1)(B). An explanation of the methodology used to determine the monthly national average premium amount also is […]

Guilty plea entered in union health care fund embezzlement scheme

A member of the Indiana/Kentucky/Ohio Regional Council of Carpenters (IKORCC) has pleaded guilty to embezzlement from the union’s health care fund. He is the 28th member of the IKORCC charged in federal court for submitting false claims to the union’s health care fund. The charges and guilty plea follow an investigation by the Department of […]

PBGC creates new webpage containing staff Q&A guidance

The Pension Benefit Guaranty Corporation (PBGC) has added a new webpage that contains PBGC staff responses to questions received from practitioners about Title IV requirements that might be of interest to other practitioners. The questions cover issues concerning bankruptcy claims, liens arising from large missed contributions, guaranteed benefits, reportable events, premiums, distress terminations, valuations, and […]

Spencer’s Benefits NetNews – August 24, 2018

  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 […]

Class claims that Marriott’s COBRA notice was deficient certified

Claims by a fired Marriott housekeeper that the COBRA notice she received, which Marriott admittedly sent to about 15,000 other terminated employees over a four-year period, was deficient were certified as a Rule 23 class by a federal district court in Florida. Although Marriott tried to defeat class certification by arguing, in essence, that the […]

PBGC changes mailing addresses

The Pension Benefit Guaranty Corporation (PBGC) has announced that it has changed the mailing addresses for premium payments and for correspondence, effective immediately. Specifically, the PBGC has changed the mailing addresses for paper checks and correspondence from the Bank of America to the U.S. Bank. Paper checks or correspondence mailed to the Bank of America […]

Employer didn’t violate FMLA by not reducing employee’s absences while on leave

An employee who was fired for excessive absences could not claim FMLA interference because his employer did not reduce his accumulated absences under its absence reduction policy while the employee was on FMLA leave, a federal district court in Ohio ruled. In granting the employer’s motion for summary judgment, the court found that the employer’s […]