Pension & Benefits NetNews – June 10, 2014

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Featured This Week

Employee Benefits Management News

  • Lawmakers introduce bill that would study impact of ACA on small businesses
  • No plausible FMLA claims by employee fired after exhausting 12-weeks of leave, despite employer’s promise to combine leaves
  • Workers cite flexible schedules, leaving early on Fridays as most prized summer benefits
  • CMS clarifies post-Windsor definition of “spouse” for Working Aged policy for group health plans

Pension Plan Guide News

  • Guidance issued for employers who fund retiree health benefits through wholly-owned subsidiary
  • EBSA reopens comment period on proposed regs to enhance target date fund disclosures
  • EBSA seeks comments on various information collection requests

Employee Benefits Management News

Lawmakers introduce bill that would study impact of ACA on small businesses

Representatives Stephen Fincher (R-Tenn.) and Diane Black (R-Tenn.), and Senator Lamar Alexander (R-Tenn.) have introduced legislation that would require the Centers for Medicare & Medicaid Services’ (CMS) Actuary to work with the Government Accountability Office (GAO) on annual studies to assess the impact that the Patient Protection and Affordable Care Act (ACA) will have on small business health insurance premiums and jobs. For details, see ¶2077O.

(Read Intelliconnect) »

No plausible FMLA claims by employee fired after exhausting 12-weeks of leave, despite employer’s promise to combine leaves

A county employee who asserted that her employer promised to combine her private and FMLA leave to allow her a longer absence, but discharged her shortly after she completed 12 weeks of leave, failed to state plausible FMLA claims since she was granted all of the FMLA leave to which she was entitled. For details, see ¶2077P.

(Read Intelliconnect) »

Workers cite flexible schedules, leaving early on Fridays as most prized summer benefits

As temperatures heat up, professionals are looking forward to fun in the sun, a new OfficeTeam survey suggests. Flexible schedules (41 percent) and leaving work early on Fridays (28 percent) are the most coveted summer benefits, according to employees polled. For more information, see ¶2077Q.

(Read Intelliconnect) »

CMS clarifies post-Windsor definition of “spouse” for Working Aged policy for group health plans

The Centers for Medicare & Medicaid Services (CMS) has issued an alert providing clarification of its Medicare Secondary Payer (MSP) policy for purposes of determining the proper primary payer in light of the U.S. Supreme Court’s invalidation of Section 3 of the Defense of Marriage Act (DOMA) in June 2013 (United States v. Windsor, No. 12-307, (US Sup Ct.) June 26, 2013). For more information, see ¶2077R.

(Read Intelliconnect) »

Pension Plan Guide News

Guidance issued for employers who fund retiree health benefits through wholly-owned subsidiary

The IRS has provided guidance to employers who choose to fund their retiree health benefits through a wholly owned subsidiary. For more information, see ¶121I.

(Read Intelliconnect) »

EBSA reopens comment period on proposed regs to enhance target date fund disclosures

EBSA has announced that it is reopening the period for public comment on proposed regulations relating to enhanced disclosure concerning target date or similar investments that were issued in 2010. For more information, see ¶128L.

(Read Intelliconnect) »

EBSA seeks comments on various information collection requests

EBSA is soliciting comments on the proposed extension of the information collections contained in EBSAs Request for Assistance form and regulations on PT exemptions and SEPs. For more information, see ¶128F.

(Read Intelliconnect) »