Employment Law
| Accrual, Vesting, and Forfeiture of Pension Plans under ERISA |
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| The Employee Retirement Income Security Act (ERISA) is a federal law that regulates certain employee benefits such as health plans and pension plans and specifies certain minimum standards for those plans. ERISA provides certain reporting and disclosure requirements and imposes fiduciary responsibility on the administrators of ERISA-governed plans. More... |
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| Unemployment Insurance -- Financing -- Funding Strategies |
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| Typically, states use one of two primary strategies to fund their unemployment insurance programs. The first, advance funding, relies on the establishment and maintenance of a sizeable fund out of which unemployment benefits can be paid. The second, known as pay-as-you-go, utilizes a system by which employers are called upon to pay into the fund on an as needed basis. Both systems are currently in use, and both have their pros and cons. More... |
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| The Women's Health and Cancer Rights Act |
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| The Employee Retirement Income Security Act of 1974 (ERISA) was passed to regulate employee benefit plans, including employer-sponsored group health plans. In 1998, an amendment to ERISA was passed called the Women's Health and Cancer Rights Act (WHCRA), which applies to individual health plans as well as to employer-sponsored group health plans. The WHCRA establishes rights for women who are covered under health plans that cover mastectomies. It is important to note that the WHCRA does not require health plans to provide coverage for mastectomy; rather, it imposes requirements on plans that do offer such coverage. More... |
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| Unemployment Insurance -- Financing -- Managing Debt |
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| Despite complex tax schedules and funding strategies, there are times when a state's unemployment insurance fund will be insufficient to cover its costs. Typically, this happens during a prolonged recession, when claims for benefits are high and contributions to the fund diminish. Although most states rely on some type of solvency provision to prevent this from occurring, such measures are not always enough. More... |
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| Employee Benefit Plans |
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| The most basic disclosure requirement that applies to a pension plan provides for individual benefit statements to plan participants and beneficiaries. More... |
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