New Employee Benefits Research from Hay Group
Our experts distill issues and outline practical strategies related to health savings accounts, Medicare Part D prescription drug benefits, the new Pension Relief Bill and pension cash-out rules, and common age discrimination challenges.
(PRWEB) May 26, 2004
PHILADELPHIA (May 25, 2004) Hay Group is pleased to announce the latest issue of the "Hay Benefits Advisor" is now available to download free of charge on www. haygroup. com.
The Benefits Advisor is the quarterly publication from Hay's U. S. Benefits Practice targeted at HR and line executives that covers "hot" issues in employee benefits, with a focus on new and proposed legislation and regulatory guidance. It's written in a non-technical style that enables non-lawyers to understand the issues and what needs to be done.
This issue's highlights include:
1. In Health Savings Accounts: Beyond the Hype, we explain why the new tax-favored HSAs are not the solution to skyrocketing health care premium costs for most employers or employees.
2. In our other big story, New Medicare Part D Prescription Drug Benefit Creates Choices for Retiree Drug Plan Sponsors, we offer specific strategies for using the newest Medicare benefit to reduce retiree medical plan spending.
3. In Pension Relief Bill Enacted: Provides 2-Year Fix for Interest Rates, we give you a rundown on what the new law (the Pension Funding Equity Act of 2004) means for your pension contributions and PBGC premiums.
4. Two articles (New IRS Retroactive Benefit Payment Rules and IRS Requires Disclosure of Relative Value of Benefit Options) guide you through the steps you must take, as a defined benefit pension plan sponsor, to comply with new IRS rules on benefit elections and distributions.
5. New automatic pension cash-out rules require sponsors to set up rollover accounts. Get the early read on what's required - possibly as soon as December 2004 in DOL Proposes Rules to Implement Automatic Rollovers of Mandatory Distributions.
6 We update you on the age discrimination challenges to cash balance and retiree health plans. . . and other benefits news.
The newsletter can be downloaded from the home page of www. haygroup. com. For more information, please contact Dario Priolo at (215) 861-2563.
About Hay Group
Hay Group is a global organizational and human resources consulting firm. We help our clients -- Boards, CEO's, Executives, and HR Managers -- on virtully all aspects of their people-related business issues. We work with nearly three-quarters of FORTUNE'S "Most Admired Companies", as well as many mid-sized and non-profit, public institutions, and governments. We have over 2,200 employees working from 73 offices on 38 countries.
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