Category: Benefits and Compensation

This topic provides guidance on how to handle compensation issues in a way that attracts and retains the best talent and advances the strategic goals of your business. You get news and tips on what’s going on nationally and in the states, and updates on changes in regulations, possible governmental action, and emerging compensation trends.

DOL Issues Final Rule Extending Fee Disclosure Timetable

It’s now official: The effective dates regarding fiduciary and participant fee disclosure regulations for retirement plans have been extended. The U.S. Department of Labor (DOL) has issued a final rule (which becomes effective July 15) providing that: Fiduciary-level Fee Disclosure Regulation: The effective date for the interim final rule is extended from July 16, 2011, […]

Verizon ADA Settlement: More on leaves of absence as reasonable accommodation

Now that the dust is settling over the nationwide class-action disability discrimination lawsuit Verizon settled with the EEOC, we at the SmartHRManager blog wanted to ask HR professionals what this settlement means to their companies. To help you answer that question, take a look at the consent decree’s corporate improvement plan, which highlights what Verizon […]

Firing Employees for Gross Misconduct: How Is COBRA Coverage Affected?

Employers should tread carefully when deciding not to offer COBRA continuation coverage due to “gross misconduct,” as a recent court case reminds. Here, a federal district court in Ohio held that a former employee’s conviction due to a sex offense, which led to his employment termination, was not yet enough to deny COBRA coverage due […]

UCLA Hospital to Pay $865,500 in Latest HIPAA Privacy Settlement

In the latest big-ticket enforcement action for alleged HIPAA privacy and security violations, the University of California at Los Angeles Health System (UCLAHS) has agreed to pay the U.S. Department of Health and Human Services (HHS) $865,500 to settle allegations the hospital violated HIPAA’s privacy and security rules. The settlement, announced July 7, resolves two […]

Consumer-Directed Health Plans Like HSAs/HRAs Continue to Grow

Does your computer’s spelling function auto-correct “HSA” to “HAS”? Mine used to, not recognizing that this abbreviation is no longer an error, but represents health savings accounts (HSAs), one type of consumer-directed health plan that is fast becoming mainstream in the health benefits industry. Health savings accounts couple a tax-favored savings account that is used […]

5500 Deadline for 403(b) Plans: Ready or Not, It’s Almost Here

Editor’s note: For purposes of this article, we are going to assume you know the basics. If you don’t, read BLR’s previous news coverage here and here. Sponsors of 403(b) plans, we really, really hope that by now you know whether or not you need to file Form 5500 for the 2009 plan year and […]

You Found Compensation ‘Disparities,’ Now What?

In yesterday’s Advisor, we looked at the DOL’s increasing focus on compensation issues and defending your system against attack. Today, more on defense, plus an introduction to an extraordinary collection of policies. It’s important to recognize that you need to be able to document an employee’s compensation history, not just their current salary, says consultant […]

Seeing Growth in Self-Funding, Aetna Spends $600M to Grow Into ASO Market

Industry experts are saying health reform is helping promote the self-funding of health benefits, particularly among smaller employers, which can allow employers to get more of a say over benefits design and payment and help avoid a few reform obligations. Large insurers are, accordingly, betting on self-funding and seeing opportunity in administrative services only (ASO) […]

Daniel Pink: Is Management an Anachronism?

Special from World at Work total Rewards Conference In yesterday’s Advisor, author Dan Pink showed how money often isn’t the best motivator. Today, Pink on autonomy and an introduction to the popular Job Description Encyclopedia. Pink, author of popular management books including his latest, Drive: The Surprising Truth About What Motivates Us, offered examples of […]