The DOL’s regulations on disability claim procedures was effective on January 18, 2017 and is generally applicable to claims for disability benefits filed on or after January 1, 2018. In the preamble to the Final Rule, the DOL cited a need for consistency in the claims and appeals process among ERISA covered plans that offer disability benefits ...
The U.S. Department of Labor’s (DOL) new fiduciary rule has been in the news for several years. A portion of the rule relating to impartial conduct standards for employee benefit plans recently went into effect on June 10, 2017. The remaining standards of the rule will become effective January 1, 2018. The rule, which is essentially ...
On December 16, 2016, the DOL announced the release of regulations that will modify existing administrative procedures for certain disability claims. The Final Rule was effective on January 18, 2017 and generally applies to claims for disability benefits filed on or after January 1, 2018. Last December, the DOL also issued a Fact Sheet that ...
The long-running Lehman Brothers bankruptcy case brings to light the risk employees have when participating in an employer sponsored nonqualified deferred compensation plan. In this case (from the U.S. Bankruptcy Court in Manhattan), more than 300 executives and certain employees participated in a nonqualified deferred ...
By Lyndsey Barnett and Christina Rogers*
While it’s no New Kids on the Block CD in the 90s, the hottest new benefit on the block is employee student loan repayment. Recently, the crisis of the mounting student loan debt faced by the millennial generation has come to the forefront of political discussions and has now crept into the world of ...
By Lyndsey Barnett and Benjamin White*
When an employee has a qualifying event that causes a loss of his or her group health plan coverage, an employer subject to COBRA is obligated to provide the employee, and any other qualified beneficiaries, with notice of their right to elect continuation coverage under COBRA. Employers are often not aware ...