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Employee Benefits Management News
- Family-friendly benefits gain popularity in the workplace
- Health coaching tops employees’ wish list for achieving wellness goals
- Survey suggests Millennial attitudes making America’s vacation problem worse
- HHS Civil Rights Office thinks small to stop data breaches
Pension Plan Guide News
- PBGC director discusses financial forecast of single-employer and multiemployer plans insurance programs
- IRS releases 4th quarter update to Priority Guidance Plan
- IRS releases 2016-2017 Priority Guidance Plan
Family-friendly benefits gain popularity in the workplace
In an effort to attract and retain top talent, employers are offering a variety of family-friendly benefits including perks such as fertility services, paid leave and flexible workhours. A new survey, Employee Benefits Survey 2016, conducted by the International Foundation of Employee Benefit Plans, examines the many ways employers are creating a family-friendly culture in the workplace. For more information, see ¶2099C.
Health coaching tops employees’ wish list for achieving wellness goals
More than one-third of employees list personal health coaching as their top motivator in reaching wellness goals, according to a new Tell It Now(SM) survey from ComPsych® Corporation. For more information, see ¶2099D.
Survey suggests Millennial attitudes making America’s vacation problem worse
Work martyrs — employees who skip vacation to show complete dedication to their job, are worried they will be seen as replaceable, feel guilty for using time off, and believe they alone can do the job — are overwhelmingly Millennials. For more information, see ¶2099E.
HHS Civil Rights Office thinks small to stop data breaches
Reports of breaches impacting the protected health information (PHI) of 500 or fewer individuals will be more widely investigated by the HHS Office for Civil Rights (OCR), beginning August 2016. For more information, see ¶2099I.
PBGC director discusses financial forecast of single-employer and multiemployer plans insurance programs
Recently, the PBGC issued two reports: a Projections Report and an MPRA Report. Both reports highlight the current financial state of PBGC’s insurance programs, and predict future financial conditions. In his letter to Congress accompanying the reports, Department of Labor Secretary Thomas Perez, who is Chair of PBGC’s Board of Directors, made it clear we need to take action now to save the single-employer program benefits, as well as the multiemployer program insurance benefits. For more information, see ¶144k.
IRS releases 4th quarter update to Priority Guidance Plan
The IRS and the Treasury Department have released the fourth quarter update to the 2015-2016 Priority Guidance Plan, which includes numerous employee benefit items. The update includes 13 additional projects that have become priorities and/or guidance published during the period from April 1, 2016 through June 30, 2016 of the plan year. In addition, two projects were closed without publication during the same time period. For more information, see ¶144o.
IRS releases 2016-2017 Priority Guidance Plan
Numerous employee benefits projects are included in the IRS’s 2016-2017 Priority Guidance Plan. The Plan describes areas in which the IRS intends to issue final regulations, proposed regulations, and other guidance, including regularly scheduled guidance, such as interest rates and COLAs. In the retirement benefits area, the IRS plans to deliver final regulations on: (1) the application of the normal retirement age regulations under Code Sec. 401(a) to governmental plans; (2) closed defined benefit plans and related matters; and (3) the simplification of the treatment of optional forms of benefits that are paid partly in the form of an annuity and partly in a more accelerated form. Other pension guidance is anticipated. For more information, see ¶17203y33.
For more information, visit http://www.wolterskluwerlb.com/rbcs.