Pension and Benefits NetNews – November 4, 2014

 

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Featured This Week

Employee Benefits Management News

  • Government reportedly reviewing concerns with ACA calculator
  • Familiarity with defined contribution health plans, exchanges high, but misconceptions abound
  • Former employee’s claim that application was rejected due to prior FMLA leave
  • Experts warn of chilling effect from EEOC wellness suit against

Pension Plan Guide News

  • PBGC updates premium rates for 2015
  • PBGC maximum monthly benefit guarantee increases for 2015
  • IRS allows 401(k) plans to offer target date funds that include deferred income annuities in investments

Employee Benefits Management News

Government reportedly reviewing concerns with ACA calculator

The federal calculator used to determine whether an employer-sponsored insurance plan provides minimum value under the Patient Protection and Affordable Care Act (ACA) appears to be malfunctioning, according to benefits experts who are eagerly awaiting guidance from the Treasury Department on a possible fix. For more information, see ¶2081N.

        (Read Intelliconnect) »

Familiarity with defined contribution health plans, exchanges high, but misconceptions abound

Sixty percent of employers have heard of defined contribution health benefit programs, and 56 percent have heard of private insurance exchanges, according to a study by Alegeus Technologies. But the study also revealed an education gap and numerous misconceptions among those who claim such familiarity. For details, see ¶2081O.

        (Read Intelliconnect) »

Former employee’s claim that application was rejected due to prior FMLA leave revived

Explaining that FMLA retaliation provisions apply to former employees who are rejected for rehire based on past FMLA leave, and finding triable issues on whether a former hospital employee’s application was rejected because of a purportedly profane message or because she took FMLA leave while working for a sister hospital, the Eleventh Circuit, in an unpublished opinion, reversed summary judgment on her FMLA claim. For more information, see ¶2081P.

        (Read Intelliconnect) »

Experts warn of chilling effect from EEOC wellness suit against Honeywell

The National Business Group on Health has contended that the Equal Employment Opportunity Commission’s (EEOC) lawsuit filed Monday, October 27, 2014 in U.S. District Court in Minnesota against Honeywell International will have profound implications for any employer that offers employees wellness programs with incentives for biometric screenings. For more information, see ¶2081R.

        (Read Intelliconnect) »

Pension Plan Guide News

PBGC updates premium rates for 2015

The PBGC has updated the premium rates for 2015. For more information, see ¶131L.

        (Read Intelliconnect) »

GC maximum monthly benefit guarantee increases for 2015

The PBGC has announced that the maximum monthly insurance benefit for participants in underfunded pension plans terminating in 2015 is $5,011.36 per month or $60,136 per year for those who retire at age 65. For more information, see ¶19,981Z-43.

        (Read Intelliconnect) »

IRS allows 401(k) plans to offer target date funds that include deferred income annuities in investments

The IRS has issued guidance enabling 401(k) retirement plans to offer target date funds that include deferred income annuities, even if the funds containing the annuities are limited to employees over a specified age. For more information, see ¶17,155A.

        (Read Intelliconnect) »

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