Pension & Benefits NetNews – June 18, 2013

 

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Retirement & Benefits Customer ConferenceIn addition to this week’s news below, we are excited to announce our second annual Retirement & Benefits Compliance Customer Conference on August 4-6, 2013. Click here for more information.

Featured This Week

Employee Benefits Management News

  • Report shows FMLA absences continue to rise
  • PCORI fee is deductible, IRS says
  • Aon Hewitt research shows employers increasingly adopting payment strategies to improve how they pay for health care
  • Mercer highlights how employers expect to make plan changes in anticipation of evolving ACA provisions

Pension Plan Guide News

  • Senate bill would clarify tax rules applicable to church plans
  • EBSA announces approval of process for JP Morgan Chase Bank and ADP to terminate and wind up abandoned DC plans
  • IRS issues May, June 2013 Treasury, yield curve, and segment rates

Employee Benefits Management News

Report shows FMLA absences continue to rise

Family and Medical Leave Act (FMLA) absences are on the rise, and some sectors — call centers, hotels, government entities, manufacturers and health care organizations— far surpass others in terms of absenteeism rates, according to a new report by FMLASource®,Inc., a ComPsych® company. For details, see ¶2067Z.

(Read Intelliconnect) »

PCORI fee is deductible, IRS says

The Patient-Centered Outcomes Research Institute (PCORI) fee imposed on self-insured health plans and specified health insurance issuers can be considered a “normal, usual, or customary” business expense, and therefore, can be deducted under Code Sec. 162, according to a recent memo issued by the Office of Chief Counsel at the Internal Revenue Service. For details, see ¶2068A.

(Read Intelliconnect) »

Aon Hewitt research shows employers increasingly adopting payment strategies to improve how they pay for health care

To mitigate rising health care costs, an increasing number of companies are considering adopting strategies that will improve the way they pay for health care services in the future, according to new survey data by Aon Hewitt. For more information, see ¶2068B.

(Read Intelliconnect) »

Mercer highlights how employers expect to make plan changes in anticipation of evolving ACA provisions

A new survey of nearly 900 employers, released today by Mercer, highlights how employer thinking on reform has evolved over the three years since the Patient Protection and Affordable Care Act (ACA) was signed into law. The survey found that employers have upped their estimates of the cost impact of the ACA. For more information, see ¶2068C.

(Read Intelliconnect) »

Pension Plan Guide News

Senate bill would clarify tax rules applicable to church plans

Bipartisan legislation introduced in the Senate would modify the tax rules applicable to church plans. For more information, see ¶29171.

(Read Intelliconnect) »

EBSA announces approval of process for JP Morgan Chase Bank and ADP to terminate and wind up abandoned DC plans

US Department of Labor encourages asset custodians and recordkeepers to work together to wind up abandoned plans. For more information, see ¶121L.

(Read Intelliconnect) »

IRS issues May, June 2013 Treasury, yield curve, and segment rates

The IRS has issued the 30-year Treasury interest rates, yield curve and segment rates, and minimum value segment rates for May and June 2013. For more information, see ¶17151Y.

(Read Intelliconnect) »