Tag: benefits

Plan Sponsors Might Have to Report Lump-sum Pay Offers

Pension plan sponsors that offer to “cash out or annuitize benefits” for former employees would have to report this to the U.S. Pension Benefit Guaranty Corp., the agency has proposed. In a routine information-collection change request to the Office of Management and Budget posted Sept. 23 (79 Fed. Reg. 56831), PBGC said it intends to […]

Last-minute Tips for Amending HIPAA Business Associate Contracts

As the transition period for amending business associate agreements draws to a close, HIPAA experts have highlighted some issues for plan sponsors to keep in mind. Under last year’s HIPAA/HITECH omnibus rules, all contracts with business associates must be compliant with the rules by Sept. 22. Obviously, group health plans and other HIPAA-covered entities that […]

Signature Authority Can Trigger ERISA Fiduciary Responsibility

Editor’s update: This case was dismissed with prejudice against Defendant Mihir K. Taneja, which means it prevents the plaintiff from refiling the same case or claims against the defendant because it’s considered a final judgment on the merits. The court clerk was directed to terminate Mihir K. Taneja as a Defendant in this action by […]

Some Owed Enhanced Benefits After Corporate Takeover, 6th Circuit Rules

A recent court decision reminds plan sponsors that mergers and acquisitions can trigger unexpected or complex changes to participant benefits that rely on careful plan language interpretation. In the case, some former employees of an Anheuser-Busch subsidiary were granted enhanced pension benefits as a result of the controlling company’s purchase by InBev because their employment […]