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Employers and plan administrators have a new reporting requirement to fulfill now that the Patient Protection and Affordable Care Act is confirmed to be the law of the land. The U.S. Supreme Court’s ruling in National Federation of Independent Business, et.al. v. Sebelius, No. 11-393 (June 28, 2012) eliminates any doubt regarding whether employers need to comply with […]
Employers will not have any reason to adjust their qualified transportation fringe benefit plans — not as a result of a major highway funding bill that recently became law, anyway. That bill, known as the Moving Ahead for Progress in the 21st Century, or MAP-21, once had a transit benefit parity provision in it, which […]
By Jane Meacham Many employers match a percentage of employees’ contributions to their retirement funds. But what impact does that match have? A new academic study found that participation and contributions in U.S. employer-sponsored retirement plans increase when a matching contribution is offered but that the match’s impact on savings is less significant than other […]
Government audits, participant lawsuits and the dreaded play-or-pay rule could heap liability and risk on employer plans, all as a result of the reform law that was just affirmed by a majority of the U.S. Supreme Court. Employers must take into account new liabilities when they move workers to part-time status or divert retirees into […]
Employers that own corporate jets and pay a management company to fly them were not pleased by a recent IRS memo on tax treatment of such arrangements, and two private aviation trade associations have been working with IRS on relief. Chief Counsel Advice Memorandum 20120026 , although not binding (see note at end of this […]
Yesterday, we looked at a case in which a brand-new agricultural worker fell off a high ladder, sustaining both physical and psychiatric injuries. Normally a worker has to be with an employer for at least six months to recover for psychiatric injuries—what did the court conclude in this case?
With the Supreme Court’s June 28 ruling affirming health reform, its legal requirements on employer health plans are a green light. Plans therefore continue to face important requirements this calendar year. Fortunately, they’re the same ones employers have known about for some time. But if an employer has been holding off from comprehensive implementation, a […]
Expressing strong concerns about health reform’s negative impact on health costs and people’s ability to choose health care options, House Majority Leader Eric Cantor, R-Va., set a July 11 date for the House of Representatives to vote on legislation that would repeal the health care reform law. He said health reform is precluding people from […]
Employers may not have to adjust their qualified transportation fringe benefit programs after all — at least not just yet. A legislative provision that would have affected QTFBs by boosting the mass transit exclusion to the same level as that for qualified parking — the so-called “mass transit parity” provision — did not make it […]
Employers that offer qualified transportation benefits should be aware that they may soon need to adjust their plans. Lawmakers on Capitol Hill are setting the stage for the possible passage of a two-year federal highway funding law that could include a transit parity provision — which would return the mass transit exclusion to parity with […]