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CCH Pension & Benefits NetNews™

February 7, 2012
 
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Featured This Week

Employee Benefits Management News

Pension Plan Guide News


Employee Benefits Management News

Survey reveals work/life balance, learning opportunities have greatest impact on job satisfaction

Want to know the way to an employee's heart? Professionals interviewed by OfficeTeam identified work/life balance (28 percent) and opportunities to learn and grow (27 percent) as the top contributors to their job satisfaction. For details, see ¶2054O.

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DOL proposes rules on military family leave provisions

The Department of Labor has issued proposed rules to implement new statutory amendments to the FMLA that would expand military family leave provisions and incorporate a special eligibility provision for airline flight crew employees. For details, see ¶2054P.

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U.S. files brief with Supreme Court on severability issue

The severability of most of the provisions of the Patient Protection and Affordable Care Act (ACA) may not be considered, according to the Solicitor General’s brief on behalf of the U.S. government filed with the Supreme Court last week in response to two of the pending health reform cases, NFIB, et al. v. Sebelius and Florida, et al. v. HHS. If the Supreme Court reaches the severability question, it should hold that the ACA is severable from the minimum coverage provision except for the guaranteed-issue and community-rating provisions that take effect in 2014, the government argues. For details, see ¶2054Q.

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IRS clarifies eligibility for Health Savings Accounts

The IRS has clarified that an individual is not ineligible to establish and contribute to a Health Savings Account (HSA) because he or she is eligible to receive medical services at an Indian Health Service (IHS) facility. For more information, see ¶2054R.

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Pension Plan Guide News

EBSA issues final regs extending effective date for fiduciary-level fee disclosure rules

The EBSA has issued final regulations that extend the effective date for its fiduciary-level fee disclosure regulations to July 1, 2012. For more information, see ¶24,809F.

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IRS issues proposed regulations on minimum present value requirements under DB plans

The IRS has issued proposed regulations providing guidance relating to the minimum present value requirements applicable to certain defined benefit plans. For more information, see ¶20,263B.

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IRS issues proposed regulations on longevity annuity contracts

The IRS has issued proposed regulations relating to the purchase of longevity annuity contracts under defined contribution plans, 403(b) plans, IRAs, and eligible governmental section 457 plans. See ¶20,263A for more information.

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