Pension & Benefits NetNews – August 14, 2012

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Featured This Week

Employee Benefits Management News

  • House committee spotlights IRS need to prepare for health reform law implementation
  • White House highlights over $1 billion in health insurance premium rebates this summer
  • Study finds employees taking intermittent family medical leave are three times more likely to file for short-term disability
  • EBSA issues new FAQ on ACA’s SBC provisions

Pension Plan Guide News

  • Contribution of single parcel of real property to pension trust not prohibited transaction if “geographical dispersal” requirements continue to be met
  • DOL seeks comments on EBSA-sponsored information collection request concerning plan asset regs
  • DOL seeks comments on EBSA-sponsored information collection request concerning termination of abandoned individual account plans

Employee Benefits Management News

House committee spotlights IRS need to prepare for health reform law implementation

The House Committee on Oversight and Government Reform, chaired by Rep. Darrell Issa, R-Calif., held a hearing on August 2 to examine the IRS’s implementation of the Patient Protection and Affordable Care Act. For details, see ¶2059U.

(Read Intelliconnect) »

White House highlights over $1 billion in health insurance premium rebates this summer

A White House e-mail captioned, “Did you get your check,” and dated August 1, 2012, states that “nearly 13 million Americans will receive more than $1 billion from insurance companies this summer.” For details, see ¶2059V.

(Read Intelliconnect) »

Study finds employees taking intermittent family medical leave are three times more likely to file for short-term disability

Employees taking intermittent time off to care for themselves or for sick family members under the Family and Medical Leave Act (FMLA) are nearly three times more likely to file a subsequent short-term disability (STD) claim within six months than employees not taking FMLA leaves, according to new research findings from Reed Group. For more information, see ¶2059W.

(Read Intelliconnect) »

EBSA issues new FAQ on ACA’s SBC provisions

The Employee Benefits Security Administration (EBSA) has released a Frequently Asked Question (FAQ) on implementation of provisions of the Patient Protection and Affordable Care Act (ACA) that address summaries of benefits and coverage (SBCs). For more information, see ¶2059X.

(Read Intelliconnect) »

Pension Plan Guide News

Contribution of single parcel of real property to pension trust not prohibited transaction if “geographical dispersal” requirements continue to be met

A contribution of a single parcel of employer real property to a pension trust established by the employer would be a contribution of “qualified employer real property” (QERP) provided that, immediately after the contribution, the parcel would be QERP within the meaning of ERISA Sec. 407(d)(4) when it is combined with other parcels held by the trust on behalf of the employer’s plans, EBSA has advised. For more information, see ¶19,993.

(Read Intelliconnect) »

DOL seeks comments on EBSA-sponsored information collection request concerning plan asset regs

The Labor Department is submitting an EBSA-sponsored information collection request titled “Definition of Plan Assets – Participant Contributions” to the OMB for review and approval. For more information, see ¶115H.

(Read Intelliconnect) »

DOL seeks comments on EBSA-sponsored information collection request concerning termination of abandoned individual account plans

The Labor Department is submitting an EBSA-sponsored information collection request titled “Termination of Abandoned Individual Account Plans” to the OMB for review and approval. For more information, see ¶115K.

(Read Intelliconnect) »

 

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