Pension & Benefits Netnews – October 9, 2012

 

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Featured This Week

Employee Benefits Management News

  • Government may provide transitional relief for determining employee status under PPACA, Treasury official says
  • ERIC urges regulators to ensure employers have flexibility in implementing shared responsibility provisions
  • 2013 open enrollment season foreshadows significant structural changes in 2014 and beyond, according to Towers Watson experts
  • Health benefit cost trend rates at lowest level in 11 years, Segal says

Pension Plan Guide News

  • PBGC mails plan administrators notice about 2013 premium filings
  • ERISA Advisory Council to meet on October 30-31, 2012
  • IRS provides tax relief to victims of severe storms and straight-line winds in West Virginia

Employee Benefits Management News

Government may provide transitional relief for determining employee status under PPACA, Treasury official says

The government may provide transitional relief to employers who need to determine whether their employees are part-time or full-time under the Patient Protection and Affordable Care Act (PPACA), Treasury Office of Benefits Tax Counsel attorney Kevin Knopf said at a September 27, D.C. Bar program. For details, see ¶2061H.

(Read Intelliconnect) »

ERIC urges regulators to ensure employers have flexibility in implementing shared responsibility provisions

The ERISA Industry Committee (ERIC) has offered of series of follow-up recommendations on applying and implementing the safe harbor methods for determining full-time employee status under the employer shared responsibility provisions of the Patient Protection and Affordable Care Act (ACA). For details, see ¶2061I.

(Read Intelliconnect) »

2013 open enrollment season foreshadows significant structural changes in 2014 and beyond, according to Towers Watson experts

As employees make their open enrollment selections this fall for the 2013 plan year, they are likely to see only minimal plan changes compared with last year. However, with mounting cost pressures, health care reform, the emergence of new network configurations and the rapid development of new health care delivery models, employees can expect significant change in 2014 and beyond, according to experts at Towers Watson. For more information, see ¶2061J.

(Read Intelliconnect) »

Health benefit cost trend rates at lowest level in 11 years, Segal says

For more information, see ¶2061K.

(Read Intelliconnect) »

Pension Plan Guide News

PBGC mails plan administrators notice about 2013 premium filings

The PBGC has recently mailed a notice concerning the 2013 premium filings to plan administrators who file via My Plan Administration Account (My PAA). For more information, see ¶116U.

(Read Intelliconnect) »

ERISA Advisory Council to meet on October 30-31, 2012

The 164th open meeting of the Advisory Council on Employee Welfare and Pension Benefit Plans (also known as the ERISA Advisory Council) will be held on October 30-31, 2012. For more information, see ¶116S.

(Read Intelliconnect) »

IRS provides tax relief to victims of severe storms and straight-line winds in West Virginia

The IRS is postponing certain tax deadlines, including the filing of Form 5500s, for taxpayers who reside or have a business in those counties in West Virginia that were affected by severe storms and straight-line winds that began on June 29, 2012. For more information, see ¶116Q.

(Read Intelliconnect) »