What's New - September 2015

Index to All Months

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[9/2/15] Congressional Research Service: The Patient Protection and Affordable Care Act’s Essential Health Benefits (EHB)

[9/2/15] Foley & Lardner LLP: “Telehealth Commercial Coverage and Parity Laws: Trends, Challenges and Opportunities

[9/2/15] Aon Hewitt: The Real Deal: 2015 Retirement Income Adequacy at Large Companies [Note: The Highlights document can be downloaded at the website.]

[9/2/15] NAPA Net: “5 Things You CAN Do After a Market Correction

[9/2/15] TIME: “A New Way to Make Your Money Last in Retirement

[9/2/15] LifeHealthPro: “Annuity ownership tied to confidence in retirement preparedness

[9/2/15] Internal Revenue Service: Administration of Multiemployer Plan Participant Vote on an Approved Suspension of Benefits under MPRA; Temporary regulations [as published in the Federal Register on Sept. 2, 2015 -- SUMMARY: The Multiemployer Pension Reform Act of 2014 (MPRA) pertains to multiemployer plans that are projected to have insufficient funds, at some point in the future, to pay the full plan benefits to which individuals will be entitled (referred to as plans in “critical and declining status”). The sponsor of such a plan is permitted to reduce the pension benefits payable to plan participants and beneficiaries if certain conditions are satisfied (referred to as a “suspension of benefits”). A suspension of benefits is not permitted to take effect prior to a vote of the participants of the plan with respect to the suspension. This document contains temporary regulations that provide guidance relating to the administration of that vote. These temporary regulations affect active, retired, and deferred vested participants and beneficiaries of multiemployer plans that are in critical and declining status as well as employers contributing to, and sponsors and administrators of, those plans. The text of these temporary regulations also serves as the text of the proposed regulations set forth in the notice of proposed rulemaking (REG-123640-15) on this subject in the Proposed Rules section of this issue of the Federal Register. These temporary regulations are effective on Sept. 2, 2015. These temporary regulations apply on and after June 17, 2015, and expire on June 15, 2018.]

[9/2/15] Internal Revenue Service: Administration of Multiemployer Plan Participant Vote on an Approved Suspension of Benefits under MPRA; Notice of proposed rulemaking by cross-reference to temporary regulations [as published in the Federal Register on Sept. 2, 2015 -- SUMMARY: Temporary regulations relating to the administration of a multiemployer plan participant vote on an approved suspension of benefits under the Multiemployer Pension Reform Act of 2014 (MPRA) are being issued in the Rules and Regulations section of this issue of the Federal Register. The text of those regulations also serves as the text of these proposed regulations. Comments and requests for a public hearing must be received by November 2, 2015.]

[9/1/15] Internal Revenue Service: Minimum Value of Eligible Employer-Sponsored Health Plans; Supplemental notice of proposed rulemaking [as published in the Federal Register on Sept. 1, 2015 -- Summary: This document withdraws, in part, a notice of proposed rulemaking published on May 3, 2013, relating to the health insurance premium tax credit enacted by the Affordable Care Act (including guidance on determining whether health coverage under an eligible employer-sponsored plan provides minimum value) and replaces the withdrawn portion with new proposed regulations providing guidance on determining whether health coverage under an eligible employer-sponsored plan provides minimum value. The proposed regulations affect participants in eligible employer-sponsored health plans and employers that sponsor these plans. Written (including electronic) comments and requests for a public hearing must be received by November 2, 2015.]

[9/1/15] Smart Business: “Cost containment strategies that can control your health care costs

[9/1/15] Drug Store News: “Survey: Employers look to CDHPs, wellness initiatives to curb health care cost increases

[9/1/15] KHN Morning Briefing: “Judge Allows Group to Claim Moral Objection to Health Law’s Mandate on Birth Control Coverage

[9/1/15] NBC News: “Confusion Over 401(K) Options Reduces Retirement Savings: Survey

[9/1/15] DeBofsky & Associates, P.C.: “When does ERISA apply to small business owner benefit plans?

[9/1/15] U.S. News & World Report: “Fewer People Pay IRA Early Withdrawal Penalty

[9/1/15] Towers Watson: 2015 Global Survey of Accounting Assumptions for Defined Benefit Plans: Executive Summary [Note: The report can be downloaded at the website.]

[9/1/15] Calpensions: “San Bernardino pension shift to save $2.7 million

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What's new at EBRI this month:

EBRI 2015 Spring Policy Forum: "Evidence on Defined Contribution Health and Retirement: The Road Ahead" [“gavel-to-gavel” webcast - Prerecorded broadcast available through the International Foundation of Employee Benefit Plans]

EBRI 2014 Fall Policy Forum: “Measured Matters” [“gavel-to-gavel” webcast - Prerecorded broadcast available through the International Foundation of Employee Benefit Plans]

EBRI's Recent Media Coverage

“EBRI Now on Twitter” [EBRI Press Release, 2/6/09]

401(k) Balances and Changes Due to Market Volatility

Publications:

August 2015 EBRI Issue Brief - "Financial Incentives, Workplace Wellness Program Participation, and Utilization of Health Care Services and Spending"

August 2015 EBRI Notes - "Investment Options and HSAs: Findings from the EBRI HSA Database" and "How Much Can Qualifying Longevity Annuity Contracts Improve Retirement Security?"

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What's new in employee benefits:


The following items have been added to the Government Accountability Office's Web site in Portable Document (PDF) format:

Reports
U.S. Savings Bonds: Future of Offering Paper Savings Bonds at Tax Time Is Uncertain, and Lower-Income Households Continue to Face Savings Challenges. GAO-15-563, July 16. Highlights.

Highlights of a Forum: Financial Literacy: The Role of the Workplace. GAO-15-639SP, July 7. Highlights.

401(K) Plans: Frequent and Collective Trading Are Uncommon and Not a Significant Concern for Plan Participants, Sponsors, or Mutual Funds. GAO-15-427R, May 14.

Retirement Security: Most Households Approaching Retirement Have Low Savings. GAO-15-419, May 12. Highlights. Podcast.

 

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Updated 9/2/15