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January 13, 2009
San Francisco: 2009 Health Care Expenditure Rates
Covered employers who are subject to the San Francisco Health Care Security Ordinance, are required to make health care expenditures (HCE) to, or on behalf of, their covered employees. The calculation method for these expenditures is set forth in accordance with the Ordinance, and are adjusted annually. Below are expenditure rates beginning January 1, 2009:
New FMLA Forms Posted on DOL’s Website
As a follow-up to last month’sBenefit Beat article summarizing the final FMLA rules, the DOL has posted the various new model FMLA forms on its website:
Massachusetts: 2009 Employee HIRD Forms
The Massachusetts Division of Health Care Finance and Policy (DHCFP) has released the 2009 Employee HIRD Form. Each employee must sign an Employee HIRD form if he/she:
Extension of Written Plan Document for 403(b) Plans
On December 11, 2008, the IRS issued some temporary relief to 403(b) plan sponsors, in the form of Notice 2009-3. Specifically relating to the plan document requirement, all 403(b) plans were, by January 1, 2009, to have a written document in place. This notice delays the written plan document requirement to December 31, 2009. However, a good faith effort must be made to administer the plans in accordance with the final 403(b) regulations during 2009.
Updated IRS and DOL Publications & Forms
The IRS and DOL have issued updated publications and forms:
DOL Issues Final Civil Penalty Rules
EBSA has issued final regulations relating to procedures for assessing civil monetary penalties, in accordance with ERISA Section 502(c)(4), for certain notice failures. In summary, the Pension Protection Act of 2006, imposes several new notice requirements on qualified plan officials. The recently issued regulations clarify the process that the DOL can use to assess civil penalties for these violations.
December 10, 2008
Massachusetts: How to be MCC-Compliant
The Massachusetts ‘Commonwealth Connector” has issued guidance (Administrative Bulletin 01-08: Guidance Regarding Minimum Creditable Coverage (MCC) Certification ) addressing how a plan can be certified as MCC-compliant. As part of the Massachusetts health care reform project, the law requires residents to be covered by minimum creditable coverage.
Final FMLA Regulations
Last month, the Department of Labor issued final regulations relating to the Family and Medical Leave Act. Not only do these regulations clarify FMLA issues that have arisen since the law’s enactment in 1993, but they also address the two new forms of FMLA leave signed into law last January, specifically, relating to military families (see FMLA Brings Benefits to Military Families). These regulations become applicable January 16, 2009, and therefore, command immediate attention.
DOL Guidance Relating to ERISA’s Bonding Requirement
The Department of Labor recently provided guidance relating to the ERISA bonding requirement. This guidance is provided in the form of Field Assistance Bulletin (‘FAB’) 2008-04, directed to the DOL’s field offices.
November 6, 2008
2009 Cost of Living Adjustments Applicable to Various IRS Benefits, Social Security, and Medicare
In Revenue Procedure 2008-66, the IRS released several cost of living adjustments for various benefits. Following are amounts applicable to tax years beginning in 2009.