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Articles by Jerry Geisel

Health Exchanges Must Notify Employers About Employees Eligible for Subsidies: HHS

March 13, 2012
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Among other things, exchanges will have to provide a notice to employers that identifies by name the employees who have applied for and have been determined by exchange administrators as eligible for premium subsidies.
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Fortune 1000 Firms' Pension Plan Funding Falls to 78% in 2011

March 6, 2012
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The aggregate funding level of 422 pension plans offered by Fortune 1000 companies fell to 78 percent in 2011, down from 84 percent in 2010 and 81 percent in 2009, according to Towers Watson & Co. analysis.
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Bill Proposed to Make Employer-Paid Education Aid Tax Break Permanent

March 6, 2012
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Under Section 127 of the Internal Revenue Code, employers can reimburse employees for up to $5,250 in annual undergraduate and graduate costs without the reimbursement being included in employees' taxable income.
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GM Pension Plan Underfunding Rises in 2011

February 28, 2012
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To reduce liability growth, GM will completely freeze defined benefit plans covering salaried employees, effective Oct. 1, completing a process it began several years ago.
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Prospects for Boost in Employee Mass Transit Tax Breaks Dim

February 23, 2012
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The history of the higher mass transit tax break goes back to 2009, when lawmakers approved an economic stimulus measure that allowed employees to reduce their taxable salaries by up to $230 a month to pay for mass transit expenses.
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Automatic Enrollment in Larger Employer Health Plans Delayed to 2014

February 15, 2012
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In recent guidance by the departments of Labor, Health and Human Services and the Internal Revenue Service, the agencies said the requirement will not go into effect until regulations are issued.
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Obama Administration Compromises on Prescription Contraceptive Rules

February 10, 2012
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Administration officials did not address how the coverage would be provided if the employer was self-insured. That issue is expected to be addressed in regulations to be released later.
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Administration Rethinks Contraceptive Mandate for Religious-Affiliated Employers

February 8, 2012
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Employers, such as hospitals and universities, that are affiliated with religious organizations would have to comply with the requirement for health care plan years that begin one year later.
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American Airlines Wants to Terminate Pension Plans

February 1, 2012
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The termination, if approved, would shift billions of dollars of promised but unfunded benefits to the Pension Benefit Guaranty Corp., resulting in the biggest loss ever for the agency.
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House Panel to Examine Financial Health of PBGC

February 1, 2012
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The House Education and Workforce Health, Employment, Labor and Pensions subcommittee hearing comes at a time when the PBGC has a record $26 billion deficit in its insurance programs that are used to pay benefits promised by financially struggling or failed employers whose pension plans the agency has taken over.
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