Multiemployer Archives - Page 3 of 9

How Do Multiemployer Plans Claim COBRA Premium Assistance Credit?

Jenny Gartman, CEBS

09 Jun 202108 Jun 2021

The Internal Revenue Service (IRS) has issued Notice 2021-31 which provides guidance for multiemployer plans and plan administrators regarding the new credit available to them for providing continuation health coverage to certain individuals under COBRA. We summarized the COBRA changes under American […]

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New Apprenticeship Bills 2021 Roundup from the U.S. Legislative Tracker

Justin Held, CEBS

03 Jun 202102 Jun 2021

The 117th session of Congress began on January 3, 2021, and was marked with a flurry of newly introduced legislation. The past five months have seen the introduction of several bills in the areas of apprenticeship and workforce development. Below is a […]

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Know Your Plan Custodian: What Does a Benefits Plan Custodian Do?

Kathy Bergstrom, CEBS

24 May 202120 May 2021

As the safekeeper of plan assets, custodians are among the service providers that multiemployer benefit plan trustees have a fiduciary duty to monitor. Yet plan custodians are not discussed as often as other service providers—especially those referred to as the A-Team: the […]

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Three Key Takeaways: What ARPA Means for Green Zone Pension Plans

Jenny Gartman, CEBS

29 Apr 202128 Apr 2021

It was big news back in March when the American Rescue Plan Act of 2021 (ARPA) was enacted to provide grants, called “special financial assistance,” to boost the solvency of eligible critical and declining status or insolvent plans under the Pension Benefit […]

American Rescue Plan Act (ARPA) Defined Benefit (DB) Plans Employee Benefits Legislative Multiemployer PBGC Retirement U.S.

What the American Rescue Plan Act Means for Financially Troubled Multiemployer Pension Plans

Jenny Gartman, CEBS

10 Mar 202128 Apr 2021

Listen to this post here. After years of debate on the topic of funding relief for multiemployer pension funds, Congress acted this week with the passage of the American Rescue Plan Act of 2021 (Rescue Plan)—likely one of the most significant pieces […]

Coronavirus (COVID-19) Defined Benefit (DB) Plans Defined Contribution (DC) Plans Dependent Care Employee Benefits Health Care Multiemployer Paid Leave U.S.

Employee Benefits and COVID-19: Changing the Future of Benefits Today

Kathy Bergstrom, CEBS

17 Feb 202116 Feb 2021

The COVID-19 pandemic is likely to bring long-lasting changes to life in the United States, and those changes will be reflected in employee benefits. How COVID-19 could affect health, retirement and other benefits even after the pandemic is over is discussed in […]

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Innovative Benefit Offerings on the Rise—Employee Benefits Survey Results

Justin Held, CEBS

09 Feb 202109 Feb 2021

Beyond traditional benefits such as health and retirement, many organizations use innovative benefits to meet the varied needs of their employees. Benefits like identify theft insurance and student loan repayment are gaining popularity as employers add new and innovative perks to reflect […]

Three Important Steps on the Diversity and Inclusion Journey

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Three Important Steps on Your Diversity and Inclusion Journey

Robbie Hartman, CEBS

14 Jan 202114 Jan 2021

“After expressing support for racial justice and the Black Lives Matter movement, many companies now face the reality of a prolonged remote working environment and questions about how to promote diversity and inclusion in the workplace,” Susan Hunter wrote in “Taking the […]

Employee Benefits Health Care Multiemployer U.S.

The State of Multiemployer Health Plans: 10 Takeaways

Justin Held, CEBS

12 Jan 202113 Jan 2021

The median cost of benefits for multiemployer health plans increased 47% over the ten-year period from 2008 to 2017, reaching $11,201 per participant per year (PPPY), according to a new International Foundation report. The consistent increases in costs over the ten-year period […]

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Apprenticeship Programs Employee Benefits Multiemployer U.S.

“What Is an Apprenticeship Agreement?” and Other Questions for Your Plan

Justin Held, CEBS

06 Jan 202106 Jan 2021

Apprenticeship and training funds have a long history of providing skilled workers for a number of industries. These funds are classified as employee welfare benefit plans under the Employee Retirement Income Security Act of 1974 (ERISA) and are typically exempt from federal […]