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Financial Impact

House OKs Increase in Manager Tax, Defined-Benefit Funding Relief

June 1, 2010
The funding relief provision would allow DB plans to stretch out amortization periods for investment losses for two of the years between 2008 and 2011 over a period of either 15 years or nine years, at the option of the plan sponsor. Current law requires plans to amortize their investment losses over seven years.
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Most Firms to Seek Early Retiree Care Subsidy

May 25, 2010
Under the Early Retiree Reinsurance Program, the government will reimburse employers for a portion of health care claims incurred by retirees who are at least age 55 but not eligible for Medicare, as well as claims incurred for retirees’ covered dependents regardless of age.
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Report Most Children on Medicaid Miss Screenings

May 24, 2010
A federal agency is recommending that states do more to encourage greater participation by eligible children and health care providers in a variety of medical, vision and hearing screening services covered under Medicaid.
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U.S. May Turn to Community Policing for Pay Violations

May 11, 2010
Following an appearance before the House Education and Labor Committee earlier this year, Secretary of Labor Hilda Solis endorsed the notion of enlisting outside groups to blow the whistle on companies that fail to pay employees what they’re owed or to provide a safe work environment.
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Labor Department Takes First Step in Regulation of Target-Date Funds

May 10, 2010
Investment styles and strategies of target-date funds can be very different. The DOL also stated that some target-date funds may not reach their most conservative allocations until 20 to 30 years after the target date, while others may become their most conservative at either the target date or immediately after.
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