Pension & Benefits NetNews – May 1, 2018

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Featured This Week

Employee Benefits Management News

  • Employees not entitled to compensation for FMLA-protected breaks, DOL opinion letter says
  • New fathers take under a week of paid parental leave if any at all
  • EBSA issues array of guidance on mental health parity
  • EBSA health investigations remained steady last year, more than half involved mental health parity

Pension Plan Guide News

  • Treasury Department seeks comments on Pressroom Unions’ Pension Trust Fund
  • PBGC issues policy statement on alternative withdrawal liability payment terms
  • PBGC issues first installment of 2016 pension insurance data book

Employee Benefits Management News

Employees not entitled to compensation for FMLA-protected breaks, DOL opinion letter says

The Department of Labor has published an opinion letter addressing compensation for 15-minute rest breaks required by an employee’s serious health condition. For more information, see ¶2115A.

        (Read Intelliconnect) »

New fathers take under a week of paid parental leave if any at all

While a majority of Americans support fathers receiving paid parental leave, few men take advantage of such programs, and those who do take only one week or less, according to a new study from Ball State University. For more information, see ¶2115C.

        (Read Intelliconnect) »

EBSA issues array of guidance on mental health parity

EBSA has released an array of guidance on the Mental Health Parity and Addiction Equity Act (MHPAEA), including proposed Frequently Asked Questions, an enforcement fact sheet, a self-compliance tool, and a revised draft disclosure template. In addition, the DOL has released a report to Congress that outlines its current implementation and enforcement actions in furtherance of the MHPAEA. For more information, see ¶2115F.

        (Read Intelliconnect) »

EBSA health investigations remained steady last year, more than half involved mental health parity

EBSA closed 347 health investigations in FY 2017 (compared to 330 in FY 2016), according to the FY 2017 Mental Health Parity and Addiction Equity Act (MHPAEA) Enforcement Fact Sheet. Of these 347 closed investigations, 187 involved plans subject to MHPAEA and were, therefore, reviewed for MHPAEA compliance. For more information see ¶2115G.

        (Read Intelliconnect) »

Pension Plan Guide News

Treasury Department seeks comments on Pressroom Unions’ Pension Trust Fund

The Department of the Treasury has released a notice of availability and request for comments on an application by the Board of Trustees of the Pressroom Unions’ Pension Trust Fund to reduce benefits under the plan pursuant to the Multiemployer Pension Reform Act of 2014 (MPRA).application to reduce multiemployer plan benefits. For more information, see ¶157i

        (Read Intelliconnect) »

PBGC issues policy statement on alternative withdrawal liability payment terms

The Pension Benefit Guaranty Corporation (PBGC) has issued a policy statement to assist multiemployer pension plans that request PBGC review of alternative plan rules for satisfying employer withdrawal liability. The guidance explains the PBGC’s review process, the information needed, and factors the PBGC considers in reviewing plan proposals. For more information, see ¶19981z71.

        (Read Intelliconnect) »

PBGC issues first installment of 2016 pension insurance data book

The Pension Benefit Guaranty Corporation (PBGC) has released the first installment of pension insurance data book that cover pension plan data for the year beginning in 2016. The PBGC data tables generally provide researchers, journalists and others interested in the federal pension insurance program easily accessible, detailed statistics for the single-employer and multiemployer plans that the PBGC insures. For more information, see ¶157a.

        (Read Intelliconnect) »

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