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USA - May 18 2011
In vacating and remanding a district court and U.S. Court of Appeals decision in favor of a plaintiff class of beneficiaries of the CIGNA Pension Plan, the Supreme Court of the United States reached three conclusions that have significant repercussions for benefit plan sponsors and benefit plan litigation.
USA - December 29 2010
Recently adopted legislation narrows the applicability of the FTC's Red Flags Rule so that service providers, including health care service providers, are not subject to the rule merely because they are not paid in full at the time of service.
USA - July 21 2010
Employers that provide retiree prescription drug coverage should analyze the increased future tax liability and the current accounting charges necessary to retain retiree prescription drug coverage, and evaluate the practical and legal risks of eliminating this benefit.
USA - April 23 2010
The U.S. Supreme Court’s recent Conkright v. Frommert decision is an important confirmation of a plan administrator’s authority to interpret the terms of a benefit plan and serves as a reminder for plan sponsors to review the terms of their benefit plans to ensure that they contain sufficient discretionary language.
USA - April 24 2009
FACTA appears to apply the Red Flag Rules to any business that allows a consumer to pay for property or services after the property is conveyed or the services are rendered.
