Pension & Benefits NetNews – June 17, 2014

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Featured This Week

Employee Benefits Management News

  • House Democrats ask for transit tax parity
  • NWLC amicus brief asserts ACA’s contraceptive coverage benefit promotes public health and gender equality
  • Supreme Court declines to review decision allowing equitable recoupment of benefit overpayments
  • Paying for risk corridor program may violate federal law, Sessions and Upton contend in letter to HHS

Pension Plan Guide News

  • IRS rules that certain stock appreciation rights are exempt from Code Sec. 457A
  • EBSA seeks nominations for 2015 ERISA Advisory Council
  • Comments sought on PT Class Exemption 1981-8

Employee Benefits Management News

House Democrats ask for transit tax parity

A group of six House Democrats have asked leaders of the House Ways and Means Committee to renew the transit tax benefits that expired at the end of 2013. For details, see ¶2077T.

(Read Intelliconnect) »

NWLC amicus brief asserts ACA’s contraceptive coverage benefit promotes public health and gender equality

Along with 20 other organizations, the National Women’s Law Center (NWLC) has submitted an amicus brief asserting that the Patient Protection and Affordable Care Act’s (ACA) contraceptive coverage benefit is vitally important in promoting public health and gender equality. For details, see ¶2077U.

(Read Intelliconnect) »

Supreme Court declines to review decision allowing equitable recoupment of benefit overpayments

The U.S. Supreme Court has denied an ERISA plan beneficiary’s request to clarify whether an ERISA plan could enforce an equitable lien for benefit overpayments where the plan had not identified a fund that was in the possession and control of the plan participant at the time the plan asserted its lien. For more information, see ¶2077V.

(Read Intelliconnect) »

Paying for risk corridor program may violate federal law, Sessions and Upton contend in letter to HHS

Fresh into her installation as the new Secretary of Health and Human Services, Sylvia Burwell received a letter on June 10, 2014 from House Energy and Commerce Committee Chairman Fred Upton (R-MI) and Senate Budget Committee Ranking Member Jeff Sessions (R-AL), informing her that her office may be about to violate federal law. For more information, see ¶2077W.

(Read Intelliconnect) »

Pension Plan Guide News

IRS rules that certain stock appreciation rights are exempt from Code Sec. 457A

The IRS has ruled that, although stock appreciation rights are generally subject to Code Sec. 457A, a stock appreciation right that at all times by its terms must be settled, and is settled, in service recipient stock is exempt from Code Sec. 457A, as is a nonstatutory stock option. For more information, see ¶19,948Z-364.

(Read Intelliconnect) »

EBSA seeks nominations for 2015 ERISA Advisory Council

EBSA is seeking nominations to fill five 3-year vacancies on the ERISA Advisory Council. For more information, see ¶128O.

(Read Intelliconnect) »

Comments sought on PT Class Exemption 1981-8

Comments are sought on an EBSA-sponsored information collection request titled Employee Retirement Income Security Act Prohibited Transaction Class Exemption 1981-8, Investment of Plan Assets in Certain Types of Short-Term Investments.” For more information, see ¶128P.

(Read Intelliconnect) »