Pension & Benefits NetNews – February 11, 2014

 

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Featured This Week

Employee Benefits Management News

  • Accidental overdose of prescription medicine is not “intoxication,” Eighth Circuit rules
  • Redefine ACA’s definition of full-time employee to 40 hours per week, hearing witnesses say
  • Employee provided “care for” terminally ill mother within meaning of FMLA on final family vacation, Seventh Circuit rules
  • ACA exchange offerings compare favorably to employer plans

Pension Plan Guide News

  • White House issues fact sheet on MyRA proposal
  • IRS releases 2nd quarter update to Priority Guidance Plan
  • PBGC uses partition authority to pay benefits to former Hostess Brands employees

Employee Benefits Management News

Accidental overdose of prescription medicine is not “intoxication,” Eighth Circuit rules

An insurer failed to establish, by objective evidence, that an insured’s death was not accidental, the Eighth Circuit has ruled. Therefore, the insurer was required to pay the plan’s accidental death benefit. For details, see ¶2074J.

(Read Intelliconnect) »

Redefine ACA’s definition of full-time employee to 40 hours per week, hearing witnesses say

Reductions in employees’ hours, increased costs, and reporting burdens are some of the consequences for employers as a result of the Patient Protection and Affordable Care Act’s (ACA) definition of full-time employee, according to witnesses at a House Committee on Ways and Means hearing on the impact of the definition on jobs and opportunities. For details, see ¶2074K.

(Read Intelliconnect) »

Employee provided “care for” terminally ill mother within meaning of FMLA on final family vacation, Seventh Circuit rules

The FMLA applied when an employee requested leave to care for a terminally ill parent while that parent was traveling away from home, ruled the Seventh Circuit. The appeals court concluded that such an employee was seeking leave “to care for” a family member within the meaning of the Act. For more information, see ¶2074L.

(Read Intelliconnect) »

ACA exchange offerings compare favorably to employer plans

Health insurance plans offered this year on the ACA’s exchanges in some ways represent a better value than similar employer-based plans, according to survey results obtained by PwC’s Health Research Institute (HRI). For more information, see ¶2074N.

(Read Intelliconnect) »

Pension Plan Guide News

White House issues fact sheet on MyRA proposal

The White House has issued a Fact Sheet on the President’s proposal to authorize the Treasury Department to create MyRA accounts for retirement. For more information, see ¶125W.

(Read Intelliconnect) »

IRS releases 2nd quarter update to Priority Guidance Plan

The IRS and Treasury Department have released the second quarter update to the 2013-2014 Priority Guidance Plan. For more information, see ¶125T.

(Read Intelliconnect) »

PBGC uses partition authority to pay benefits to former Hostess Brands employees

Using its partition authority, the PBGC will pay retirement benefits for nearly 350 former Hostess Brands employees who were members of the Bakery and Sales Drivers Local 33 Industry Pension Fund, a distressed multiemployer plan in Baltimore. For more information, see ¶125U.

(Read Intelliconnect) »