Pension and Benefits NetNews – January 7, 2014

 

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Featured This Week

Employee Benefits Management News

  • Health insurance remains key job-choice factor, survey finds
  • Trade group requests HHS to implement transitional reinsurance fee on fair and impartial basis
  • Issuers may defer portion of premiums in 2013 MLR and rebate calculations
  • High Court asked whether “satisfactory to us” language in ERISA plans is sufficiently “clear” to confer discretionary authority

Pension Plan Guide News

  • PBGC explains its policy on same-sex marriage
  • IRS issues covered compensation tables for 2014
  • IRS issues additional guidance on post-DOMA employee benefits issues

Employee Benefits Management News

Health insurance remains key job-choice factor, survey finds

Most workers are satisfied with the health benefits they have now and express little interest in changing the current mix of benefits and wages offered by their employers, according to a new survey by the Employee Benefit Research Institute (EBRI). For details, see ¶2073L.

(Read Intelliconnect) »

Trade group requests HHS to implement transitional reinsurance fee on fair and impartial basis

The ERISA Industry Committee (ERIC) has submitted comments to the Department of Health and Human Services (HHS) urging the agency to ensure that the method for computing the transitional reinsurance fee under the Affordable Care Act (ACA) not impose unnecessary administrative burdens or costs on employers and that the fee be applied on a fair and impartial basis. For details, see ¶2073M.

(Read Intelliconnect) »

Issuers may defer portion of premiums in 2013 MLR and rebate calculations

The Center for Consumer Information and Insurance Oversight has provided guidance on when a health insurance issuer may defer including premiums collected for Affordable Care Act (ACA; P.L. 111-148) fees on non-calendar year policies in its medical loss ratio (MLR) and rebate calculations. For more information, see ¶2073N.

(Read Intelliconnect) »

High Court asked whether “satisfactory to us” language in ERISA plans is sufficiently “clear” to confer discretionary authority

Consistent with the U.S. Supreme Court’s ruling in Firestone Tire & Rubber Co. v. Bruch, does a phrase requiring the submission of “satisfactory proof” or similar language clearly grant an ERISA plan administrator discretionary authority over benefits determinations such that it alters the standard of judicial review from de novo to arbitrary and capricious? This question was presented to the High Court for consideration. For more information, see ¶2073O.

(Read Intelliconnect) »

Pension Plan Guide News

PBGC explains its policy on same-sex marriage

On its blog, the PBGC explains its position on same-sex marriage in light of the Supreme Court’s decision in U.S. v. Windsor. For more information, see ¶125J.

(Read Intelliconnect) »

IRS issues covered compensation tables for 2014

The IRS has released tables for determining employees covered compensation for the year 2014. For more information, see ¶19948z353.

(Read Intelliconnect) »

IRS issues additional guidance on post-DOMA employee benefits issues

The IRS has issued Notice 2014-1, which amplifies the guidance provided by Rev. Rul. 2013-17, on the application of the rules to the participation by same-sex spouses in certain employee benefit plans after the U.S. Supreme Court’s decision in United States v. Windsor. For more information, see ¶125G.

(Read Intelliconnect) »