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Among ERISA’s many notice and disclosure obligations, the requirement to timely inform participants of important plan changes is one that is too often overlooked. The Trade Act of 2002 created a health care tax credit (HCTC) for certain individuals who become eligible for trade adjustment assistance (TAA eligible individuals), as well as for certain retired employees who are receiving pension payments from the P… A federal appeals court has held that the Medicare Secondary Payer (MSP) Act authorizes a medical provider to sue an employer health plan for double damages when the plan fails to comply with the MSP Act. A divided National Labor Relations Board has voted to move ahead with union-backed election rule changes. Once again, amendment season is upon us. Sponsors of tax-favored retirement plans should keep in mind the many required amendments for which a year-end deadline is fast approaching. The tide of regulations interpreting the 2010 Patient Protection and Affordable Care Act (PPACA) began to ebb in 2011, and portions of the law have even been repealed or put on hold. The National Labor Relations Board has pushed back the deadline for nonunion employers to post a notice on workers’ rights to 2012. The National Labor Relations Board (NLRB) has just issued a final rule obligating the vast majority of private sector employers to notify employees of their rights under the National Labor Relations Act (NLRA). The federal government has released new rules and forms pertaining to how employers communicate information about group health plans.Failing to Notify Participants of Plan Changes Can Be Costly
Benefits Briefing: Extension of Trade Adjustment Assistance Affects Certain COBRA Coverage
Health Plan Assessed Double Damages for MSP Violation
NLRB Passes Limited Version of Election Rule Change
Benefits Briefing: Deadlines Approaching for Retirement Plan Amendments
Benefits Briefing: Health Care Reform – What Is Going Away?
NLRB Postpones Deadline for Notice
NLRB: Nonunion Employers Must Notify Employees of Their Right to Unionize
New Rules for Benefits Summaries