Pension and Benefits Netnews – September 25, 2012

 

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Featured This Week

Employee Benefits Management News

  • Employer entitled to make “reasonable modifications” to retiree health care benefits, Sixth Circuit rules
  • Consumer-driven health plans more common than HMOs, survey finds
  • Employer must employ 75 or more employees within state to come within scope of Connecticut leave law, Connecticut Supreme Court rules
  • ACA’s pre-exisiting condition insurance program serves its purpose as bridge program to exchanges, says Commonwealth Fund

Pension Plan Guide News

  • EBSA announces online filing tool for plan sponsors to report service providers that fail to comply with fee disclosure rules
  • PBGC issues rates for valuing lump-sum, annuity payments for October 2012; variable rates for September 2012
  • IRS issues October 2012 AFRs

Employee Benefits Management News

Employer entitled to make “reasonable modifications” to retiree health care benefits, Sixth Circuit rules

An employer was entitled to make “reasonable modifications” to its retiree health care benefits, ruled the Sixth Circuit in reversing a district court’s grant of summary judgment to the retirees finding that the employer lacked the ability to modify any benefits except with the approval of the union that once represented them. For details, see ¶2060X.

(Read Intelliconnect) »

Consumer-driven health plans more common than HMOs, survey finds

Consumer-driven health plans (CDHPs) have surpassed health maintenance organizations (HMOs) to become the second most common plan design offered by U.S. employers, according to new survey findings from Aon Hewitt. For details, see ¶2060Y.

(Read Intelliconnect) »

Employer must employ 75 or more employees within state to come within scope of Connecticut leave law, Connecticut Supreme Court rules

Although an employer employed more than 1,000 employees nationwide, because it did not employ 75 or more employees within the state of Connecticut, it was not subject to the provisions of the Connecticut Family and Medical Leave statute, ruled the Connecticut Supreme Court. For details, see ¶2060Z.

(Read Intelliconnect) »

ACA’s pre-exisiting condition insurance program serves its purpose as bridge program to exchanges, says Commonwealth Fund

The Pre-Existing Condition Insurance Plan, the name for the federal high-risk health insurance pool established by the Affordable Care Act, is serving its purpose as a bridge program, according to a new Commonwealth Fund report. For more information, see ¶2061B.

(Read Intelliconnect) »

Pension Plan Guide News

EBSA announces online filing tool for plan sponsors to report service providers that fail to comply with fee disclosure rules

EBSA has announced that plan sponsors seeking fiduciary relief for a service provider’s failure to comply with the fee disclosure rules will be able to use a new online filing system, replacing the option of electronically sending notices to a previously established email address. For more information, see ¶116L.

(Read Intelliconnect) »

PBGC issues rates for valuing lump-sum, annuity payments for October 2012; variable rates for September 2012

The PBGC has posted to its website the immediate interest rate for valuing lump-sum and annuity payments for October 2012 and the spot first, second, and third segment rates for determining the variable rate premium amount for premium payment years beginning in September 2012. For more information, see ¶116K.

(Read Intelliconnect) »

IRS issues October 2012 AFRs

The IRS has issued the October 2012 applicable federal interest rates. For more information, see ¶116M.

(Read Intelliconnect) »