Compliance

High Court Seeks DOJ Opinion On HMO Case

January 8, 2001 (PLANSPONSOR.com) - The US Supreme Court asked the Justice Department for its opinion on a Texas law that allowed patients to seek independent review of treatment decisions made by their HMOs - as do 38 states currently.

State-Federal Tax Differences Could Cause Plan Problems

December 7, 2001 (PLANSPONSOR.com) - Retirement plan participants could have to pay state income tax next year on money contributed to their plan on a federal tax-deferred basis. Participants could suffer the same state tax problem with certain rollover money.

PWBA Opens Participant Office

December 19, 2000 (PLANSPONSOR.com) - Participants now have a special voice for their benefits concerns, the newly created Office of Participant Assistance and Communications.

Hotel Workers Denied Class Action Clearance

November 7, 2001 (PLANSPONSOR.com) -- A judge presiding over a discrimination suit filed by African-American workers at the Adams Mark hotel chain denied their petition to file a formal class action suit.

Apple Slapped with Discrimination Suit

November 7, 2001(PLANSPONSOR.com) - Apple Computers has found itself at the core of a $40 million suit, which claims that an African American former employee was denied promotions and stock options, isolated from co-workers and wrongfully terminated.

Supreme Court Ponders ADA Reach

November 7, 2001(PLANSPONSOR.com) - The Supreme Court wrestled with the question of how disabled a person must be in order to qualify for protection under the Americans with Disabilities Act (ADA).

SEC Calls for Active ETF Comments

November 7, 2001 (PLANSPONSOR.com) -The Securities and Exchange Commission (SEC)has asked for public comment on regulation of actively managed exchange-traded funds, or ETFs.

Ways & Means Greenlights Advice Bill

November 7, 2001(PLANSPONSOR.com) - The Ways & Means Committee approved the Retirement Security Advice Act authored by Education & the Workforce Chairman John Boehner (R-Ohio), by a vote of 25-15, largely along party lines.

DoL Issues Audit Exemption For Small Plans

October 19, 2000 (PLANSPONSOR.com) - The Department of Labor has published a final rule amending the circumstances under which small pension plans are exempt from the requirement to hire an independent accountant, and to include a report from that accountant as part of the Form 5500 filing.

Lack of Clarity Doesn't Entitle Worker to Extra Leave

September 7, 2001 (PLANSPONSOR.com) -- An employer's failure to clarify that short-term disability leave counts under the Family and Medical Leave Act (FMLA) does not entitle an employee to a fresh 12 weeks of leave under the act, a federal judge ruled.

Industry Pros Converge on Coverage

August 7, 2001 (PLANSPONSOR.com) -Recently a diverse group of retirement industry professionals converged in the nation's capital to drum up ideas to increase participation in qualified plans.

HOUSE CALL – Pension Bill Overwhelmingly Passes House

July 19, 2000 (PLANSPONSOR.com) - The House overwhelmingly passed the Comprehensive Retirement Security and Pension Reform Act (H.R. 1102) Wednesday, but the President said it doesn't do enough for low-income workers, and said he "strongly opposes" the measure.

Bush Inks Pension Reform

June 7, 2001 (PLANSPONSOR.com) - President Bush provided taxpayers with $1.35 trillion in relief - and plan sponsors with some long-awaited pension relief - today by signing the Economic Growth &Tax Relief Reconciliation Act of 2001 into law.

DoL to Schedule Hearings on Ergonomics Rule

June 7, 2001 (PLANSPONSOR.com) - The Department of Labor (DoL) will schedule a series of public hearings to examine whether conditions in the work environment that lead to repetitive motion injuries should be regulated, according to the Washington Post.

Medicare HMO Patients Win California Victory

May 7, 2001 (PLANSPONSOR.com) - The California Supreme Court handed Medicare HMO beneficiaries a major victory last week, acknowledging the right to sue health maintenance organizations for damages in state court.

Regulators Probing Possible IPO Kickbacks

May 7, 2001 (PLANSPONSOR.com) - An investigation into the alleged misallocation of initial public share offerings (IPO), which has targeted investment banks and their institutional clients, may broaden to include individual recipients of new equity listings.

House Votes To Scrap Ergonomics Rules

March 7, 2001 (PLANSPONSOR.com) - The House of Representatives has voted to scrap the new ergonomics standards, sending the bill on to President Bush for his expected signature.

Chao Launches New DoL Agency

March 7, 2001 (PLANSPONSOR.com) - Labor Secretary Elaine Chao has announced plans to create a new agency within the Department of Labor, called the Office of the 21st Century Workforce.