Knowledge Hub Networks » Employee Benefits

PBGC Releases Revised Proposed Regulations Addressing Reportable Event Requirements under ERISA

McDermott Will & Emery — Tue, 18 Jun 2013 17:18:24 +0000

by Paul J. Compernolle, Ashley McCarthy and Maureen O’Brien Section 4043 of the Employee Retirement Income Security Act of 1974 (ERISA) requires pension plan sponsors to report a variety of corporate and plan events to the Pension Benefit Guara...

France Allows Same-Sex Marriages

McDermott Will & Emery — Tue, 11 Jun 2013 16:42:14 +0000

by Lionel Lesur and Lisa A. Linsky On April 23, 2013, the French Parliament gave final approval to a bill allowing same-sex couples to get married and adopt children. This makes France the 14th country in the world to legalize marriage bet...

Final ACA Wellness Rules Issued

McDermott Will & Emery — Thu, 06 Jun 2013 21:49:07 +0000

by Amy Gordon and Jamie Weyeneth On May 29, the U.S. Departments of the Treasury, Labor (DOL) and Health and Human Services issued final regulations amending the 2006 HIPAA nondiscrimination wellness regulations to implement the employer wellness progr...

Supreme Court Oral Arguments on DOMA, Proposition 8: Potential Employee Benefit Plan Implications

McDermott Will & Emery — Tue, 04 Jun 2013 21:01:02 +0000

by Joseph S. Adams, Todd A. Solomon and Brian J. Tiemann On March 26 and 27, 2013, the Supreme Court of the United States heard oral arguments in cases challenging the constitutionality of the federal Defense of Marriage Act (DOMA) and California&rsquo...

Update on The Proposed European Cap on Bank Bonuses

McDermott Will & Emery — Wed, 29 May 2013 16:41:18 +0000

by Katie Clark and James Noble Following recent discussions on this topic, lawmakers in the European Parliament have now adopted legislation intended to cap the value of bonuses paid to certain bank staff. Background The measure forms part of the Capi...

Notice of Coverage Options Available Through the Exchanges

McDermott Will & Emery — Thu, 23 May 2013 19:52:30 +0000

by Amy M. Gordon On May 8, 2013, the U.S. Department of Labor (DOL) published Technical Release No. 2013-02, which provides temporary guidance addressing the Patient Protection and Affordable Care Act's (ACA) required notice to employees regarding thei...

Favorable Temporary ACA Exemption for Expatriate Health Plans

McDermott Will & Emery — Tue, 21 May 2013 18:01:47 +0000

by Amy M. Gordon, Megan Mardy and Todd A. Solomon Recently issued guidance addresses the unique compliance issues surrounding expatriate health plans under the Patient Protection and Affordable Care Act of 2010, as amended by the Health Care and Educat...

Additional Guidance Issued on Summary of Benefits and Coverage Disclosure Requirements

McDermott Will & Emery — Thu, 16 May 2013 20:02:51 +0000

by Amy M. Gordon and Joanna C. Kerpen The U.S. Departments of Labor, Health and Human Services, and the Treasury recently issued new guidance and templates regarding the summary of benefits and coverage requirement under the Patient Protection and Affo...

Employers Should Review How Plan Documents Define Spouse in Light of Recent Benefits Litigation

McDermott Will & Emery — Tue, 14 May 2013 15:04:59 +0000

by Lisa K. Loesel, Todd A. Solomon, Jacob Mattinson and Brian J. Tiemann

Two recent cases challenging benefit eligibility for same-sex spouses highlight the need for employer-sponsored retirement and welfare plans to clearly define "spouse" for eligibility purposes. Employers may want to review their plan documents to determine whether plan amendments are needed to clarify benefit eligibility for same-sex spouses in light of the upcoming ruling by the Supreme Court of the United States on the constitutionality of the federal Defense of Marriage Act.

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Employee Benefits Issues in Spin-Offs

McDermott Will & Emery — Thu, 09 May 2013 18:00:40 +0000

by Joseph S. Adams and Jeffrey M. Holdvogt In a corporate spin-off, both the existing company and the new company (spinco) must consider the implications for employees, employee benefit plans and executive compensation arrangements. Benefit plans...