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CCH Pension & Benefits NetNews™

November 3, 2009
 
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Featured This Week

Employee Benefits Management News

Pension Plan Guide News


Employee Benefits Management News

CMS proposes new rules for prescription drug plans

The Centers for Medicare & Medicaid Services (CMS) has issued a proposed rule to improve performance of prescription drug and health plans by strengthening standards to participate in the Medicare program. The rule was published in the Federal Register on October 22, 2009.

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President signs DOD authorization bill, includes revisions to FMLA military family leave provisions

On October 28, 2009, President Obama signed into law the National Defense Authorization Act for Fiscal Year 2010 (H.R. 2647), which contains provisions expanding the Family and Medical Leave Act (FMLA) of 1993's military family leave entitlements.

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Health reform bill heads to floor of the House

On October 29, Rep. John Dingell (Mich.) introduced H.R. 3962, the Affordable Health Care for America Act, which is an amalgam of proposals already approved by three House Committees.

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CBO says employer plans will cover six million more under health reform proposal

About six million additional individuals would obtain coverage through an employer health care plan under H.R. 3962, the Affordable Health Care for America Act, according to a preliminary analysis by the Congressional Budget Office and the Joint Committee on Taxation.

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Pension Plan Guide News

FAQs provide additional guidance to service providers and plan administrators for completing 2009 Form 5500 Schedule C

Supplemental frequently asked questions (FAQs) provide additional guidance to service providers and plan administrators for meeting expanded reporting requirements of the 2009 Form 5500 Schedule C.

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PBGC protects pension plan of Powermate Corporation

The PBGC has announced that it has assumed responsibility for the underfunded pension plan covering 600 former workers and retirees of Powermate Corporation, an Illinois manufacturer.

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DOL obtains default judgment requiring fiduciary to restore plan losses

The Labor Department has obtained a default judgment in federal district court in Chicago requiring a plan fiduciary to restore $4,110.80 to the plan for improperly using plan assets to benefit the company.

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