Senior vice president of retirement and compensation policyThe ERISA Industry Committee
A holistic approach to regulations that impact defined benefit plans is the only way to ensure employees are secure in their post-work years, says the ERISA Industry Committee.
Senate bill would remove noncompliance penalty, but observers caution industry to withhold any celebration of a change in the definition of a full-time employee.
Lawsuits against Cigna self-insured plans for alleged fraudulent behavior is a warning for employers that there will be more, says attorney Brenna A. Davenport.
Some bonus plans provide for accumulations, multi-year periods and mandatory referral, which could raise a red flag for regulators, says attorney Michael Melbinger.
