Pension & Benefits NetNews – May 6, 2014

 

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Featured This Week

Employee Benefits Management News

  • Employer’s proposed changes in funding of retiree health care benefits not what parties bargained for in CBA
  • More mandated health benefits laws on the way from the states
  • Most customers won’t flee if businesses add fee to pay for employees’ insurance
  • Exemption from ACA for expatriate health plans is passed by House

Pension Plan Guide News

  • Updated PBGC forms and instructions for plan terminations and missing participants are available
  • Fiduciaries ordered to restore losses to SIMPLE IRA plan
  • Default judgment requires fiduciary to restore unremitted employee contributions to 403(b) plan

Employee Benefits Management News

Employer’s proposed changes in funding of retiree health care benefits not what parties bargained for in CBA

An employer’s unilateral implementation of individual healthcare reimbursement accounts (HRAs) in place of group healthcare plans breached the parties’ collective bargaining agreements, not because they were “unreasonable,” but because they were not what the parties bargained for, ruled the Sixth Circuit. For details, see ¶2076Q.

(Read Intelliconnect) »

More mandated health benefits laws on the way from the states

The states seem to have picked up the pace in enacting mandated health benefits laws. For a summary of some of the recent activity, see ¶2076R.

(Read Intelliconnect) »

Most customers won’t flee if businesses add fee to pay for employees’ insurance

Although nearly two-thirds (68%) of Americans find it acceptable for a business to add a nominal surcharge to each bill in order to help pay for employees’ health insurance, overall, few Americans feel their health insurance situation has gotten better with the implementation of the Patient Protection and Affordable Care Act For more information, see ¶2076S.

(Read Intelliconnect) »

Exemption from ACA for expatriate health plans is passed by House

The House passed legislation on April 29 clarifying that expatriate health care plans would be exempt from the provisions of the Patient Protection and Affordable Care Act (ACA) (P.L. 111-148). For more information, see ¶2076T.

(Read Intelliconnect) »

Pension Plan Guide News

Updated PBGC forms and instructions for plan terminations and missing participants are available

The PBGC has announced the availability of updated forms and instructions for standard and distress plan terminations and missing participants. For more information, see ¶127Q.

(Read Intelliconnect) »

Fiduciaries ordered to restore losses to SIMPLE IRA plan

In a default judgment, a federal trial court judge has ordered fiduciaries to restore losses to a SIMPLE IRA plan and group health plan. For more information, see ¶127R.

(Read Intelliconnect) »

Default judgment requires fiduciary to restore unremitted employee contributions to 403(b) plan

A federal district court in Maryland entered a default judgment requiring a fiduciary to restore unremitted employee contributions to a 403(b) plan. For more information, see ¶127P.

(Read Intelliconnect) »