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Employee Benefits Management News
- Health benefits are do-or-die in the war for talent, businesses and employees agree
- Amicus brief filed concerning regulation of wellness programs
- IRS, DOL, HHS, issue expatriate health plan proposed regulations
- Cadillac tax will impact FSAs, HSAs first
Pension Plan Guide News
- PBGC proposed regs facilitate mergers of multiemployer defined benefit plans
- PBGC issues updated pension insurance data tables
- Obama appoints Henry C. Eickelberg to PBGC Advisory Committee
Health benefits are do-or-die in the war for talent, businesses and employees agree
Benefits plans at work continue to be a key consideration for companies looking to acquire and retain top talent, according to two recent surveys of businesses and employees. For more information, see ¶2097D.
Amicus brief filed concerning regulation of wellness programs
Four employer organizations—the ERISA Industry Committee (ERIC), the Chamber of Commerce, the American Benefits Council, and the HR Policy Association—have jointly filed an amicus brief with the Seventh Circuit U.S. Court of Appeals regarding Equal Employment Opportunity Commission (EEOC) v. Flambeau, Inc. (DC WI, No. 14-cv-638-bbc). The amicus brief argues that the EEOC does not have regulatory authority over wellness programs. For more information, see ¶2097E.
IRS, DOL, HHS, issue expatriate health plan proposed regulations
The Departments the Treasury, Labor, and Health and Human Services have issued proposed regulations on the rules for expatriate health plans, expatriate health plan issuers, and qualified expatriates under the Expatriate Health Coverage Clarification Act of 2014 (EHCCA), (P.L. 113-235). For more information, see ¶2097G.
Cadillac tax will impact FSAs, HSAs first
The Patient Protection and Affordable Care Act’s (ACA) excise tax on high-cost health plans—also known as the “Cadillac tax”—was designed primarily to maximize revenue and minimize coverage disruptions, and not to reduce health spending, according to recent research from the Commonwealth Fund. For more information, see ¶2097J.
PBGC proposed regs facilitate mergers of multiemployer defined benefit plans
The PBGC has issued a proposed regulation that would amend its regulation on Mergers and Transfers Between Multiemployer Plans to implement section 121 of the Multiemployer Pension Reform Act of 2014. The proposed rule would also reorganize and update the existing regulation. For more information, see ¶20,539D.
PBGC issues updated pension insurance data tables
The PBGC has released its annual update on pension data. The Data Book covers information recently reported by pension plans and the PBGC and compares it to values for prior years. Generally, the update covers pension plan data for the year beginning in 2014 with some later data as well. The Data Book tables provide researchers, journalists and others interested in the federal pension insurance program easily accessible, detailed statistics for the single-employer and multiemployer plans that PBGC insures. For more information, see ¶143K.
Obama appoints Henry C. Eickelberg to PBGC Advisory Committee
President Obama has appointed Henry C. Eickelberg to serve as a member of the Advisory Committee of the Pension Benefit Guaranty Corporation. He is charged with representing the interests of employers. “Henry’s expertise and background in employee benefits and human resources make him a good fit for the Advisory Committee,” said PBGC Director Tom Reeder. “We look forward to working with him on ways to better serve our customers, including the employer community.” For more information, see ¶142U.
For more information, visit http://www.wolterskluwerlb.com/rbcs.