Pension & Benefits NetNews – June 6, 2017

 

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Featured This Week

 

Employee Benefits Management News

 

  • ERIC urges Senate to expand HSAs, repeal Cadillac tax
  • AHCA amendments won’t save coverage for 23M or lower premiums for unhealthy Americans, says CBO
  • CDHPs continue to gain popularity
  • Employees want flexible schedules and summer Fridays, but fewer companies offer them

Pension Plan Guide News

 

  • Trump signs resolution ending ERISA ‘safe harbor’ for state payroll deduction plans
  • PBGC seeks comments on collection of information in regs involving mergers and transfers between multiemployer plans
  • PBGC will request OMB to extend approval of information collection for annual reporting

 

Employee Benefits Management News

 

ERIC urges Senate to expand HSAs, repeal Cadillac tax

The ERISA Industry Committee (ERIC) has submitted a letter to the Senate Finance Committee urging it to use health care reform as a vehicle to improve consumer-driven options, reduce health care taxes, and improve public sector programs to focus on value. For more information, see ¶2106M.

        (Read Intelliconnect) »

AHCA amendments won’t save coverage for 23M or lower premiums for unhealthy Americans, says CBO

The version of the American Health Care Act (AHCA) (H.R. 1628) that passed the House of Representatives on May 4, 2017, would reduce the federal budget by $32 billion less than an earlier draft of the bill, and would cause 14 million Americans to lose health insurance next year. For more information, see ¶2106O.

        (Read Intelliconnect) »

CDHPs continue to gain popularity

Consumer-driven health plans (CDHPs) are continuing to gain market share in the U.S., and are having the intended effect of making people more involved in their own health care, according to recent research from the Employee Benefit Research Institute (EBRI) and Greenwald & Associates. For more information, see ¶2106Q.

        (Read Intelliconnect) »

Employees want flexible schedules and summer Fridays, but fewer companies offer them

Workers surveyed by staffing firm OfficeTeam said they’d like to see flexible schedules (39 percent) and the ability to leave early on Fridays (30 percent) this Summer. But companies have cooled off on providing these benefits. Sixty-two percent of human resources (HR) managers reported their organization offers flexible schedules at this time of year, down from 75 percent in a 2012 survey. For more information see ¶2106R.

        (Read Intelliconnect) »

Pension Plan Guide News

 

Trump signs resolution ending ERISA ‘safe harbor’ for state payroll deduction plans

On May 17, 2017, President Donald Trump signed off on a resolution of disapproval brought under the Congressional Review Act that now puts an end to an ERISA “safe harbor” that would have permitted states to design and operate payroll deduction savings programs for private-sector employees-including automatic enrollment programs-without causing the states to have established employee pension benefit plans under ERISA. H.J. Res. 66 nullifies the final rules, Savings Arrangements Established by States for Non-Governmental Employees, issued in August 2016. For more information, see ¶150n.

        (Read Intelliconnect) »

PBGC seeks comments on collection of information in regs involving mergers and transfers between multiemployer plans

The PBGC intends to request that the Office of Management and Budget (OMB) extend approval, under the Paperwork Reduction Act, of a collection of information contained in its regulation on Mergers and Transfers Between Multiemployer Plans. This notice informs the public of PBGC’s intent and solicits public comment on the collection of information. Comments must be submitted on or before June 27, 2017. For more information, see ¶149y.

        (Read Intelliconnect) »

PBGC will request OMB to extend approval of information collection for annual reporting

The PBGC intends to request that the Office of Management and Budget (OMB) extend approval, under the Paperwork Reduction Act of 1995, of its collection of information for Annual Reporting under OMB control number 1212-0057, which expires on June 30, 2017. This notice informs the public of PBGC’s intent and solicits public comment on the collection of information. Comments must be submitted by June 30, 2017. For more information, see ¶150b.

        (Read Intelliconnect) »

 

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