Most Popular

Bulletin Item: President Bush Signs Pension Funding Equity Act (HR 3108)

The new law provides a short-term replacement for the current 30-year Treasury bond rate, which is currently used as the benchmark rate for pension funding liabilities. Some employers, unions, and workers expressed concerns about using the Treasury bond rate because it artificially inflates a plan’s funding liabilities. Congress enacted a temporary fix in March 2002 […]

News Notes: Bush Issues New Executive Order Furthering Faith-Based Initiative

President Bush has issued a new Executive order exempting religious organizations that contract with the U.S. government from prohibitions on religious discrimination in hiring. The order, part of his “faith-based initiative,” applies to religious corporations, associations, educational institutions, and societies. It does not, however, release religious groups from complying with other state and local anti-bias […]

Workers’ Compensation: Insurance Commissioner Recommends Further Rate Reductions

Insurance Commissioner John Garamendi has announced he will recommend a 16.4 percent decrease in the workers’ compensation pure premium rate for policies starting on or after July 1, 2006. This recommendation is the latest in a string of recommended rate reductions since July 2003, when workers’ comp reforms went into effect. The cumulative recommended reductions […]

News Notes: EEOC Approves Proposal To Exempt Retiree Health Plans From Age Bias Rules

The Equal Employment Opportunity Commission has approved a rule that would allow employers to reduce or cut retiree health benefits once a retiree becomes eligible for Medicare or a comparable state-sponsored health benefit—without violating the Age Discrimination in Employment Act. According to the U.S. General Accounting Office, 10 million retired employees age 55 and over […]

News Notes: Bush Proposes Extending Unemployment Benefits

President Bush has proposed a new package of emergency grants and unemployment assistance to help states deal with increased unemployment following the Sept. 11 attacks. Workers in states where the total unemployment rate has jumped by 30% above the Sept. 11 level would be eligible for an additional 13 weeks of unemployment benefits, which would […]