Court Finds Pharmaceutical Reps Due Overtime
August 8, 2011 (PLANSPONSOR.com) - Schering Plough pharmaceutical representatives have won in a law suit seeking overtime pay.
Compliance
Court Moves Forward Suit over State Street FX Practices
August 8, 2011 (PLANSPONSOR.com) – A federal court has moved forward claims by investors in State Street stock, including retirement plan participants, relating to its foreign exchange practices.
Voters Must Weigh in on Miami Firefighters Pension Changes
August 5, 2011 (PLANSPONSOR.com) – A Miami-Dade County Circuit Court has found that pension changes for firefighters and police officers must be submitted to a referendum of the...
Attorneys for Cash Balance Plaintiff Get Additional Award
August 4, 2011 (PLANSPONSOR.com) – A federal district court has approved an additional award of fees and costs incurred by attorneys representing participants who previously won a cash...
Physician and Patient Lack Standing to Pursue HCR Challenge
August 4, 2011 (PLANSPONSOR.com) – An appellate court has affirmed a lower court’s dismissal of a challenge to the Patient Protection and Affordable Care Act for lack of...
Legal Group Wants Ruling on Use of Retail Funds Reversed
August 3, 2011 (PLANSPONSOR.com) – A California employer group has filed an amicus brief in a case over whether 401(k) plan fiduciaries breached their duties by selecting retail-class...
SEC Amends Schedule for Adopting Executive Comp-Related Rules
August 2, 2011 (PLANSPONSOR.com) – Law firm Winston & Strawn LLP has announced that the Securities and Exchange Commission (SEC) modified its schedule for adopting rules relating to...
PBGC to Pay Interest on Unreasonably Delayed DB Payments
August 2, 2011 (PLANSPONSOR.com) - The U.S. Court of Appeals for the District of Columbia Circuit held that a 45-day delay between participants’ stated “annuity starting date” in...
HHS Issues Rules on DB Pension Costs for Medicare Wage Index
August 2, 2011 (PLANSPONSOR.com) – In its newly proposed rules, the U.S. Department of Health and Human Services says that while it believes pension costs must be funded...
Senators Introduce Bill to End Stock Option Tax Break
August 2, 2011 (PLANSPONSOR.com) - Senators Carl Levin (D-Michigan) and Sherrod Brown (D-Ohio) have introduced legislation to end a corporate tax break allowing corporations to deduct stock option...
IRS ESOP Review Worksheet Revised
August 2, 2011 (PLANSPONSOR.com) - The Internal Revenue Service has created a revised three-page Employee Stock Ownership Plan (ESOP) Review Worksheet to be used for plans’ initial review,...
Law Firm Reports 403(b) Compliance Issues
August 2, 2011 (PLANSPONSOR.com) – An ERISA Strategist report from law firm Constangy, Brooks & Smith LLP says 2010 was the year that illuminated retirement plan problems plaguing...
EBSA Updates Web Site with New Preventive Services Rules
August 1, 2011 (PLANSPONSOR.com) - The Department of Labor's Employee Benefits Security Administration has updated its web site with an amendment to the Interim Final Rules on Coverage...
HHS Issues New Guidelines for Women’s Preventive Services
August 1, 2011 (PLANSPONSOR.com) - New guidelines that will ensure women receive preventive health services at no additional cost were announced by the U.S. Department of Health and...
Legislator Introduces Health Care Bill
August 1, 2011 (PLANSPONSOR.com) - Representative Reid Ribble (R-Wisconsin) has introduced H.R. 2662, The Health Equity Act of 2011.
Employer Can’t Get Back Medical Expenses for Employee not on FMLA Leave
July 29, 2011 (PLANSPONSOR.com) – A court has found that an employer has no stop-loss coverage for the medical expenses of an employee that was not on Family...
Court Finds Plan Amendment not Adopted per Plan Rules Invalid
July 29, 2011 (PLANSPONSOR.com) – A court has found that a defined contribution plan amendment liquidating two investment options was invalid because the sponsor did not follow amendment...
PBGC Removes Regulation on Disclosure to Participants
July 29, 2011 (PLANSPONSOR.com) – The Pension Benefit Guaranty Corporation has issued a final rule removing its regulation on Disclosure to Participants.
Dillards Tries to Block Unemployment Benefits for Hot Dog “Thief”
July 29, 2011 (PLANSPONSOR.com) – The Court of Appeals of Indiana has reversed a Review Board’s decision that Nolan Koewler is disqualified from receiving unemployment insurance benefits because...
NC Hospital Settles Health Benefits Suit
July 29, 2011 (PLANSPONSOR.com) - N.C. Baptist Hospital will pay nearly $5.4 million to settle a federal lawsuit that accused MedCost, its group health plan, of requiring employees...