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CCH Pension & Benefits NetNews™

April 15, 2008
 

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    • Featured This Week

    Employee Benefits Management News

    Pension Plan Guide News

    Employee Benefits Management News

    Employee was lawfully discharged for exceeding FMLA leave maximum

    Workers' comp-related leaves of absence may run concurrently with Family and Medical Leave Act (FMLA) leave, the Seventh Circuit Court of Appeals reiterated, in the case of an employee who argued to no avail that an employer may not "force" an employee to take FMLA leave or discharge an employee for absences resulting from a work-related injury. For details, see ¶2016S.

    U.S. retirement assets grew substantially in last 10 years, but face a challenging 2008, according to Watson Wyatt

    Although recent market downturns are holding back asset growth, U.S. retirement plans have nearly doubled in value since 1997, research by Watson Wyatt Worldwide has found. For more information, see ¶2016T.

    Employers, employees disagree on employers' level of involvement in employees' health

    The number of employers who say they will get more directly involved in managing the individual health of their employees jumped 25 percentage points from last year, reflecting a nationwide trend to find more ways to save money in a tightening economy, according to new research by Hewitt Associates. But while companies believe they need to get more involved in keeping their workforce healthy, employees are less convinced. For more information, see ¶2016V.

    Despite perceived effectiveness, most employees do not stay committed to wellness programs

    As wellness programs grow in popularity, employees overwhelmingly see value in these healthy activities, but don't stay committed to them. Nearly half of employees who have joined wellness programs in the past three years admit their participation trailed off after just a few years, according to a survey released last week by the Guardian Life Insurance Company of America. For details, see ¶2016Y.

    Pension Plan Guide News

    IRS issues proposed regs on single-employer plan minimum required contribution rules under PPA

    The IRS has released proposed regulations on single-employer plan minimum required contributions under the Pension Protection Act of 2006 (PPA). For more information, please see ¶81S and ¶20,262K.

    Labor Department unveils online video to help small employers select appropriate retirement options

    The Department of Labor has released an online video to help small employers and accountants understand the various options for providing a retirement program for their employees. For more information, please see ¶81Q.

    New members appointed to ERISA Advisory Council

    The Secretary of Labor (DOL) has appointed new members to the 15-member ERISA Advisory Council. For more information, please see ¶81R.

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