Pension & Benefits NetNews – September 18, 2012

 

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Featured This Week

Employee Benefits Management News

  • Wellness programs save employers $1 to $3 for every dollar spent, IFEBP report finds
  • Information missing from disability benefits termination notice did not cause failure to exhaust remedies, CA-7 rules
  • IRS Deputy Miller touts ACA implementation
  • Health care law premium, loss ratio provisions saved some $2.1 billion for consumers, HHS reports

Pension Plan Guide News

  • IRS issues guidance on pension funding stabilization under MAP-21
  • PBGC issues guidance on effect of MAP-21 on annual financial and actuarial reporting
  • IRS issues August, September 2012 Treasury, weighted average, yield curve, and segment rates

Employee Benefits Management News

Wellness programs save employers $1 to $3 for every dollar spent, IFEBP report finds

Most employers that have analyzed the financial impacts of their wellness programs have found $1 to $3 decreases in their overall health care costs for every dollar spent, according to the report titled A Closer Look: Wellness ROI by the International Foundation of Employee Benefit Plans. For details, see ¶2060S.

(Read Intelliconnect) »

Information missing from disability benefits termination notice did not cause failure to exhaust remedies, CA-7 rules s

The absence of particular information in a notice of termination of long-term disability (LTD) benefits did not cause a beneficiary to fail to exhaust her administrative remedies, the Court of Appeals for the Seventh Circuit (CA-7) has ruled. For details, see ¶2060T.

(Read Intelliconnect) »

IRS Deputy Miller touts ACA implementation

IRS Deputy Commissioner for Services and Enforcement Steven T. Miller told House lawmakers on September 11 that the IRS will be ready in 2014 to implement the advance premium tax credits and health care exchanges required by the Patient Protection and Affordable Care Act (ACA). For more information, see ¶2060U.

(Read Intelliconnect) »

Health care law premium, loss ratio provisions saved some $2.1 billion for consumers, HHS reports

Thanks to the Patient Protection and Affordable Care Act (ACA), consumers have saved an estimated $2.1 billion on health insurance premiums according to a new report from the Department of Health and Human Services. For more information, see ¶2060V.

(Read Intelliconnect) »

Pension Plan Guide News

IRS issues guidance on pension funding stabilization under MAP-21

The IRS has issued guidance, in the form of questions and answers, on the rules for pension funding stabilization for single-employer defined benefit plans, reflecting amendments to the Code and ERISA made by the Moving Ahead for Progress in the 21st Century Act (MAP-21). For more information, see ¶17,150K.

(Read Intelliconnect) »

PBGC issues guidance on effect of MAP-21 on annual financial and actuarial reporting

The PBGC has issued a technical update providing guidance on the effect of the Moving Ahead for Progress in the 21st Century Act (MAP-21; P.L. 112-141) on annual financial and actuarial reporting under ERISA Sec. 4010. For more information, see ¶19,975Z32.

(Read Intelliconnect) »

IRS issues August, September 2012 Treasury, weighted average, yield curve, and segment rates

The IRS has issued the corporate bond weighted average interest rates, 30-year Treasury interest rates, yield curve and segment rates, and minimum value segment rates for August 2012 and September 2012. For more information, see ¶17,150G.

(Read Intelliconnect) »