Senate Passes Jobless Benefits Extension
January 7, 2003 (PLANSPONSOR.com) - The new Republican-controlled US Senate has extended unemployment benefits for about 750,000 laid off workers.
Compliance
IRS: 'Off-the-Shelf" Changes on the Horizon
July 1, 2003 (PLANSPONSOR.com) - Small and midsized businesses using "off-the-shelf" retirement plan documents have been reminded by the Internal Revenue Service (IRS) that those plans need to...
Michigan Insurance Premium Limit Bill Expecting Governor's Signature
July 1, 2003 (PLANSPONSOR.com) - Michigan Governor Jennifer Granholm is expected to approve legislation placing limits on how high insurers can raise premiums when employees at small firms...
House Education and Workforce Cie. To Be Revamped
January 31, 2001 (PLANSPONSOR.com) - The House Education and Workforce Committee may be restructured into five subcommittees and another subcommittee eliminated under a proposal introduced by Chairman John...
Court: ESOP Covered Under Insurer's Fiduciary Liability Policy
June 30, 2003 (PLANSPONSOR.com) - An insurer is still liable for employee stock ownership plan (ESOP) fiduciary breach claims, even though the insurer failed to list the plan...
IRS Rules Out Entry Age Funding Method
June 30, 2003 (PLANSPONSOR.com) - US Internal Revenue Service officials have ruled out using the aggregate entry age normal funding method as a "reasonable" option under the Internal...
Court: Intel Spammer Didn't Trespass
June 30, 2003 (PLANSPONSOR.com) - The California Supreme Court handed an ex-Intel worker a victory in his six-year legal dispute with the technology giant over 30,000 e-mails he...
Travel Accident Benefit Case Sent Back To Lower Court
June 27, 2003 (PLANSPONSOR.com) - A federal appeals court has remanded a case back to the lower court to decide whether a travel accident insurance plan participant was...
Terminated Employee May Be Entitled To Vested Stock Options
June 27, 2003 (PLANSPONSOR.com) - Allegedly terminating a Dell Computer Corp. employee on account of a disability, may lead to immediate vesting of unexercised stock options.
US Lawmakers Give Thumbs Up to Medicare Reform Measures
June 27, 2003 (PLANSPONSOR.com) - Congressional lawmakers shelved long-simmering partisan debate over Medicare reform long enough for both houses to pass sweeping Medicare legislation giving seniors a prescription...
Appeals Court Upholds Firing of Threatening Employee
June 26, 2003 (PLANSPONSOR.com) - An insurance company didn't violate a federal anti-discrimination law by sacking a worker who had reportedly threatened "to take a few people out"...
Court: Widow Can't Get Unselected Pension Payout Option
June 26, 2003 (PLANSPONSOR.com) - The widow of a dead pension plan participant isn't entitled to surviving spouse benefits on top of those selected by her husband on...
DOL Comes Out Guns Blazing in Enron Suit
June 26, 2003 (PLANSPONSOR.com) - The Department of Labor (DOL) has filed suit against a host of players in an attempt to recover retirement plan losses at Enron,...
Supreme Court Dismisses Nike Constitutional Protection Case
June 26, 2003 (PLANSPONSOR.com) - The US Supreme Court has ruled a suit against Nike Inc. can proceed, rejecting the company's contentions that is advertising speech was constitutionally...
IRS Publishes Final ERISA Section 204(h) Notice Requirements
June 25, 2003 (PLANSPONSOR.com) - Plan sponsors considering a conversion to a cash balance plan or amending their current defined benefit plan, should note the Internal Revenue Service...
Supreme Court Denies LTD Administrator Review Obligation Case
June 24, 2003 (PLANSPONSOR.com) - The United States Supreme Court has declined to hear a case involving the review obligations of a long-term disability (LTD) benefit plan administrator.
NYSE Tells Members of New Investor Voting Regulations
June 24, 2003 (PLANSPONSOR.com) - The New York Stock Exchange (NYSE) has notified its member companies of new regulations requiring that new stock option plans, or significant changes...
Senate Kills Medicare Drug Coverage Amendment
June 24, 2003 (PLANSPONSOR.com) - A move that might have helped ease concerns that Medicare reform measures would spur employers to drop retiree drug coverage died in the...
Land Air Reaches Settlement in Mental Health ADA Case
June 23, 2003 (PLANSPONSOR.com) - The Equal Employment Opportunity Commission (EEOC) has reached a settlement in a case of alleged unlawful dismissal due to mental illness in violation...
Employer's Fourth Amendment Violation Claims Against OSHA Dismissed
June 23, 2003 (PLANSPONSOR.com) - An employer's argument that an inspection of its jobsite was a nonconsensual inspection in violation of the Fourth Amendment was rejected.