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CCH Pension & Benefits NetNews™

November 17, 2009
 
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Featured This Week

Employee Benefits Management News

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Employee Benefits Management News

More companies turning to HR outsourcing to improve service quality

In a time of increased scrutiny on budgets and heightened focus on efficiency, human resource (HR) departments continue turning to strategic outsourcing arrangements to maximize cost-saving opportunities and reduce the burden of noncritical activities.

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Effective communication can drive employee engagement, help retain top performers, according to Watson Wyatt

In a business environment that remains tumultuous, companies with highly effective internal communication programs are better placed to keep employees engaged and retain key talent, according to a new survey by Watson Wyatt.

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White House weighs in on budget reconciliation protection of health care reform bill

White House Press Secretary Robert Gibbs indicated the administration would consider an alternative vehicle for getting a health care reform bill to the president's desk by the end of 2009 if it cannot be done in regular order. Asked whether the president would sign a health care reform bill under the budget reconciliation process, Gibbs said he believes Congress is making sufficient progress on health care reform, but he added that if that becomes no longer the case, "then we will look at alternatives," Gibbs said at a press briefing on November 9.

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ERIC and NBGH urge preservation of ERISA, federal preemption

The ERISA Industry Committee (ERIC) and the National Business Group on Health (NBGH) have jointly submitted a letter to U.S. Solicitor General Elena Kagan urging that she recommend Supreme Court review of a lower court decision that San Francisco's ordinance creating a health mandate did not violate ERISA preemption.

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Pension Plan Guide News

President to name Gotbaum as Director of PBGC

President Obama has announced his intent to nominate Joshua Gotbaum as Director of the Pension Benefit Guaranty Corporation (PBGC).

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PBGC announces final regs on USERRA benefits

The PBGC has announced it will publish final regulations amending its benefit payment rules to implement provisions of the Uniformed Services Employment and Reemployment Rights Act of 1994 (USERRA).

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Owner of Georgia insurance agency sentenced to five years in prison for theft of 401(k) plan assets

The owner of a Georgia insurance agency has been sentenced to five years in prison and 15 years of probation thereafter for theft, including the conversion of employee contributions owed to the company's 401(k) plan.

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