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CCH Pension & Benefits NetNews™

February 16, 2010
 
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Featured This Week

Employee Benefits Management News

Pension Plan Guide News


Employee Benefits Management News

Many companies planning to restore 401(k) match in 2010

Many U.S. employers are increasingly losing confidence in their workers' ability to save for retirement and, as a result, plan to step up their efforts this year to help workers maximize their 401(k) savings, according to a survey by Hewitt Associates.

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President takes stance on health reform, encourages incremental approach to jobs bill

President Obama, at an impromptu news conference on February 9, said he is not willing to scrap existing health care legislation, but he is open to any measures that meet his goals to control health care costs, reform insurance practices, provide affordable health care and put U.S. economy on a sustainable fiscal path.

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US Department of Labor announces $880,000 grant to provide Maine workers with health insurance payments

The U.S. Department of Labor has announced an $880,000 grant to provide an estimated 800 jobless workers in Maine with partial premium payments for health insurance coverage.

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Study highlights need for substance use disorder treatment among full-time workers without health insurance

An estimated 3 million full-time workers in America without health insurance (16.3 percent of all full-time workers without health care insurance) needed substance use treatment in the past year according to a national survey conducted by the Substance Abuse and Mental Health Services Administration (SAMHSA).

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Pension Plan Guide News

ASPPA Petitions Labor Department to Modify EFAST2 System

The American Society of Pension Professionals and Actuaries (ASPPA) has filed a petition on behalf of 797 firms with the Labor Department requesting the DOL to allow the sharing of signer credentials under the EFAST2 system.

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DOL Obtains Default Judgment and Appointment of Fiduciary for Abandoned 401(k) Plan

The Labor Department has obtained a default judgment appointing an independent fiduciary to manage the abandoned 401(k) plan of defunct Digitel Solutions for Business Inc. or Empire Telecom Systems Corp., formerly located in Buffalo, New York.

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PBGC Notifies Bendix Commercial Vehicle Systems LLC of its Responsibility to Pay $16.9 Million in Pension Liability

The PBGC has announced that it is has notified Bendix Commercial Vehicle Systems LLC of its responsibility to pay $16.9 million in pension liability.

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