DoL Updates Disability Info Web Site
July 27, 2009 (PLANSPONSOR.com) - In conjunction with the 19th anniversary of the Americans with Disabilities Act, the U.S. Department of Labor has renamed and relaunched its Web...
Compliance
Federal Retiree Rehire Provision Survives Senate Filibuster
July 27, 2009 (PLANSPONSOR.com) - A measure allowing federal agencies to rehire retirees without a cut in annuity payments passed the U.S. Senate last week as part of...
Senate Shoots Down Fed Employee Sick Leave Credit
July 24, 2009 (PLANSPONSOR.com) - An amendment to the Defense authorization bill that would have allowed federal employees under the Federal Employees Retirement System (FERS) to get credit...
Veto of Connecticut Health Care Bill not Overridden
July 24, 2009 (PLANSPONSOR.com) - Connecticut legislators failed this week to override Governor M. Jodi Rell's veto of a bill that would have opened up the health insurance...
Court Must Consider Plaintiffs' ADA Qualification to Certify Class
July 24, 2009 (PLANSPONSOR.com) - The 3rd U.S. Circuit Court of Appeals has reversed a district court's certification of a nationwide class of employees alleging unlawful discrimination by...
No Health Reform before Recess
July 24, 2009 (PLANSPONSOR.com) - Close, but no cigar. While reports last week indicated health reform bills would be passed in both the U.S. Senate and House before...
Minimum Wage Increase Stages Complete
July 24, 2009 (PLANSPONSOR.com) - The federal minimum wage increased to $7.25 on Friday, July 24, 2009.
Participant's Refinanced Plan Loan Caused Deemed Distribution
July 24, 2009 (PLANSPONSOR.com) - The U.S. Tax Court has agreed with the Internal Revenue Service that a participant's refinanced retirement plan loan exceeded the loan limit under...
Boehner Bill Includes RMD Provision
July 23, 2009 (PLANSPONSOR.com) - A provision of the Savings Recovery Act of 2009 (H.R. 2021) would extend the suspension of required minimum distribution (RMD) requirements through 2012.
Appellate Court Sends Annuity Rule Back for SEC Do-Over
July 22, 2009 (PLANSPONSOR.com) - A federal appellate court has sent back to the U.S. Securities and Exchange Commission (SEC) a 2008 rule governing fixed indexed annuities (FIAs)...
Despite All Efforts, Delphi Plans Go to PBGC
July 22, 2009 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) announced it will assume responsibility for the pension plans of 70,000 workers and retirees of Delphi Corp.,...
Wis. Domestic Partnership Law Approved in Budget Process
July 21, 2009 (PLANSPONSOR.com) - Despite having a constitutional amendment banning same-sex marriage and civil unions, Wisconsin now officially recognizes domestic partnerships among same-sex couples.
Abuse of Discretion Named Top Hat Dispute Standard
July 21, 2009 (PLANSPONSOR.com) - A federal appellate court has ruled that a benefits decision by an administrator of a top hat non-qualified deferred compensation plan should be...
9th Circuit Gives Participants Second Chance in Company Stock Suit
July 20, 2009 (PLANSPONSOR.com) - The 9th U.S. Circuit Court of Appeals has ruled that former participants in Amgen Inc.'s retirement plans should be given another chance to...
Elimination of Pensioner Death Benefit Did not Violate ERISA
July 20, 2009 (PLANSPONSOR.com) - The 10th U.S. Circuit Court of Appeals has upheld a district court's ruling that Qwest Communications did not violate the Employee Retirement Income...
DoL Provides Relief on Form 5500 Reporting for 403(b) Plans
July 20, 2009 (PLANSPONSOR.com) - The U.S. Department of Labor, in Field Assistance Bulletin 2009-02 has provided transitional relief for administrators of 403(b) plans that make good faith...
House Amendment Expands COBRA Eligibility
July 20, 2009 (PLANSPONSOR.com) - An amendment to a U.S. House health care reform bill would allow departing employees access to continuing health coverage from their old company...
Report: Controversial 'Card Check' Provision Dropped from Union Bill
July 17, 2009 (PLANSPONSOR.com) - The controversial "card check" provision in a union organizing bill has been dropped from the proposal in the U.S. Senate, the New York...
PBGC Takes Pension for Bankrupt Telecom Company
July 17, 2009 (PLANSPONSOR.com) - The nation's private-sector pension insurer has taken over the pension plan for 23,000 workers and retirees at Nortel Networks, Inc., a Nashville-based telecommunications...
Frank Puts Out Discussion Draft for House Exec. Comp. Bill
July 17, 2009 (PLANSPONSOR.com) - Next week the U.S. House Financial Services Committee is expected to begin consideration of legislation that would give shareholders a voice in a...