Employee Benefits

INSIGHTS AND LEGAL UPDATES ABOUT PRIVATE SECTOR EMPLOYEE BENEFITS AND COMPENSATION PLANS.

As we previously discussed in our article, the American Rescue Plan Act of 2021 (“ARPA”) provides that eligible multiemployer pension plans (“MEPPs”) can receive special financial assistance (“SFA”) to cover plan benefits through the 2051 plan year.  As directed
Continue Reading PBGC Issues Supplement on Special Financial Assistance for Financially Troubled Multiemployer Plans under the American Rescue Plan Act of 2021

On June 17, 2021, the Supreme Court rejected another attempt to dismantle the Patient Protection and Affordable Care Act (“ACA”) in its highly-anticipated decision in Texas v. California.  However, instead of ruling on the central issue in the case—whether
Continue Reading Supreme Court Rejects Challenges to the Affordable Care Act in Texas v. California

On June 14, 2021, the Department Labor (“DOL”) issued Information Letter 06-14-2021 to address whether ERISA requires plan fiduciaries to produce audio recordings and transcripts of telephone conversations between plan insurers and claimants.

The issue arose from a plan insurer’s
Continue Reading Department of Labor Interprets Regulations Concerning Production of Audio Recordings and Transcripts of Phone Calls in Adverse Benefit Determinations

The Pension Benefit Guaranty Corporation (“PBGC”) released its highly-anticipated interim final rule (the “IFR”) on July 9, 2021, providing methodology for calculating the amount of special financial assistance (“SFA”) available to certain financially troubled multiemployer pension plans (“MEPPs”) under the
Continue Reading PBGC Issues Interim Final Rule on Special Financial Assistance Available to Financially Troubled Multiemployer Pension Plans

On Friday, May 28, 2021, the Congressional Research Service (“CRS”) released its analysis of Multiemployer Defined Benefit Pension Plans (“MEPPs”) that are potentially eligible for special financial assistance under the American Rescue Plan Act, 2021 (“ARPA”).  As we previously discussed
Continue Reading CRS Releases Report on Multiemployer Defined Benefit Pension Plans Potentially Eligible for Relief Under ARPA