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CCH Pension & Benefits NetNews™

September 16, 2008
 

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    • Featured This Week

    Employee Benefits Management News

    Pension Plan Guide News

    Employee Benefits Management News

    Employers oppose proposed new pension accounting rules despite desire for change, survey finds

    Employers believe changes to current pension accounting standards are necessary, but most are not in favor of the changes proposed in the International Accounting Standards Board's (IASB's) preliminary views paper, according to a survey by Watson Wyatt Worldwide. For more information, see ¶2021A.

    Dispute over retiree health benefits was arbitrable, consent of all not needed

    A broad arbitration provision in a collective bargaining agreement covering "any dispute ... as to the interpretation or application of any of the provisions of this Agreement" was sufficient to include disputes between the employer and the union over retiree medical benefits, the Seventh Circuit ruled, applying the presumption of arbitrability to disputes involving retirees. For details, see ¶2021B.

    Wellness program enrollment rates vary by industry, survey finds

    Enrollment rates in wellness and health coaching programs vary significantly by industry sector, with the healthcare and social assistance sector topping the list, according to a survey by Gordian Health Solutions, Inc. For more information, see ¶2021C.

    Hewitt survey reveals which health programs most utilized by employees, most valued by employers

    Despite relatively low employer adoption, onsite health services are not only highly utilized by employees, but also are the programs employers believed best achieved their intended results relative to other programs aimed at improving employee health and productivity, according to a new survey by Hewitt Associates. For details, see ¶2021D.

    Pension Plan Guide News

    PPA technical corrections package stalls in Congress

    A package of technical corrections to the Pension Protection Act of 2006 (PPA) ( P.L. 109-280) is unlikely to be passed by the Congress before the November elections, a staff member of the Senate Finance Committee predicted on September 6. For more information, please see ¶85Y.

    Key Congressional leaders call for oversight of pension investments in hedge funds

    Congressional leaders are reacting to a GAO report that found increasing levels of investment by private pension plans in hedge funds and private equity funds. For more information, please see ¶86C.

    Transition relief expanded for small pension plan funding requirements

    The IRS has issued a Notice expanding upon the transition relief for certain small pension plans provided in Notice 2008-21. For more information, please see ¶17,140H.

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