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Financial Impact

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

June 1, 2010
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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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Tribune Co. Proposes Another Round of Executive Bonus Payouts

May 28, 2010
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The requests for bonus payments follow a payout of $42 million in February to top managers under bonus programs for work performed last year.
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Most Firms to Seek Early Retiree Care Subsidy

May 25, 2010
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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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HSA Contribution Limit Stays Same for 2011

May 24, 2010
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As of January 1, about 10 million people were enrolled in high-deductible health insurance plans to which HSAs must be linked, a 25 percent increase over the last year.
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Report Most Children on Medicaid Miss Screenings

May 24, 2010
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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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Most Employers Waiting to Cover Adult Children, Survey Finds

May 19, 2010
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The majority of employers do not plan to extend group health care coverage to employees' adult children until 2011, when required to do so by the new health care law, a new survey shows.
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Health Savings Account Enrollment Surges 25 Percent, Study Finds

May 19, 2010
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Enrollment in health savings accounts linked to high-deductible health insurance plans is increasing among employers of all size, new research shows, driven by the lower premiums for high-deductible health care plans.
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U.S. May Turn to Community Policing for Pay Violations

May 11, 2010
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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
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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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Workers Comp Insurers in Precarious Position

May 10, 2010
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The pace of economic recovery and unknown factors related to health care reform and financial regulation are among uncertainties facing the U.S. industry.
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