Tag: benefits

Facing Setbacks? Adopt a Survivor’s Mind-Set

The 2007 book Lone Survivor tells the true story of a failed Navy SEAL mission in Afghanistan from the viewpoint of the only person who survived, Marcus Luttrell. The book—and later a film of the same title—recounts the details of a mission gone wrong and the battle for survival.

Congress Limits ‘Substantial Cessation of Operations’ Liability

Congress has come to the aid of single-employer defined benefit retirement plans concerned about the U.S. Pension Benefit Guaranty Corp.’s power to assert liability on them when changing business operations affect their plan participants. As part of the Multiemployer Pension Reform Act of 2014 (within the Consolidated and Further Continuing Appropriations Act 2015, known as […]

Court Signs Off on $1 Million Settlement Resolving COBRA Class Action Case

A federal district court has approved a $1 million settlement agreement that, in the court’s words, “appears to be among the largest, if not the largest, average per person recovery in a certified class action asserting COBRA claims.” The settlement resolves a class action lawsuit alleging that an employer/plan administrator violated COBRA’s notice and premium […]

Survey—Last Chance to Share Your Thoughts on HR Tech!

Our HR Technology Survey has been launched, and many thanks to all who have participated! For those who have yet to respond, you still have a chance to join in and shape the discussion—we’re very eager to hear your opinions on how technology and software are drastically changing the way HR pros do business.

Employer Violated COBRA by Not Sending Notice After Reduction in Hours Hikes Premium

An employer/plan administrator erred by thinking that because it automatically kept employees covered under its health plan when their hours were reduced, there was no need to provide a COBRA election notice, a federal district court in Maryland ruled. The fact that the reduction in hours resulted in an increase in their premiums constituted a […]

Changes to Forms 5500 Ring in the New, Keep Some of the Old

Preparing employer benefit plans’ annual filings to federal agencies can be detailed and time-consuming. A review of recent changes to the 2014 Form 5500 series indicates this process could become even more laborious for some plans, as the government seeks more data disclosure. The Form 5500 is used by multiple government agencies (the U.S. Department […]

High Court Opinion Vacates 6th Cir. Ruling on Retiree Health

On Jan. 26, U.S. Supreme Court handed a victory to employers struggling to get retiree health care costs under control. A unanimous ruling in M&G Polymers USA v. Tackett, No. 13-1010 (Sup.Ct., Jan. 26, 2015), vacated the 6th U.S. Circuit Court of Appeals decision in Tackett.  In doing so, the High Court criticized 6th Circuit […]

Few Will Benefit from Retroactive Increase in Transit Exclusion

Only a limited number of employees may benefit from federal legislation that retroactively extended parity between qualified parking and transit benefits, based on new IRS guidance. Notice 2015-2 instructs employers on applying a retroactive tax exclusion to commuters who used part of their 2014 salary to pay for mass transit commuting expenses or received a […]