Today’s Federal Register is here. The U.S. Department of Labor has announced proposed rules clarifying the requirements for notices under the Consolidated Omnibus Budget Reconciliation Act (COBRA) for employees, employers and plan administrators. The proposal provides guidance and model notices for workers and family members to continue their group health care coverage and is scheduled to be published tomorrow in the Federal Register. A fact sheet on the proposal is available on EBSA’s website here. James Mackintosh discusses the benefits to GM from the proposed Portman-Cardin Bill currently before the House of Representatives in this article for FT.com. Predictions of a “demographic tsunami” are here in an article by Marilyn Geewax of the Palm Beach Post Washington Bureau at PalmBeachPost.com: “Pension system on shaky ground.” The New York Times reports that an estimated 300,000 French workers, teachers and students marched Sunday in protest against their government’s plans to extend the period of service required for a guaranteed pension from 37.5 years to 40 years.
Today’s News
Today's Federal Register is here. The U.S. Department of Labor has announced proposed rules clarifying the requirements for notices under the Consolidated Omnibus Budget Reconciliation Act (COBRA) for employees, employers and plan administrators. The proposal provides guidance and model notices…