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    Issue: Summer 2020

     

    Labor & Employment

    About This Issue

    Just when we thought we had seen everything, we see less – a late start to our favorite sporting pastimes included: auto racing (including the Indianapolis 500), baseball, basketball, hockey, LPGA and PGA golf, soccer, the 2020 Summer Olympics, the Triple Crown races, a still unknown football season, but also the cancelling of the Boston Marathon and Wimbledon and delays of many film premiers and music concerts.

    Articles

    Labor & Employment

    The Employment-Health Nexus: Sufficiently Entrenched to Survive Healthcare-For-All

    By: Rachel Baker Mann, Doctor of Jurisprudence Candidate, University of Pennsylvania Carey Law School, Class of 2021

    The coronavirus pandemic and ensuing unemployment crisis highlight a deep flaw in the United States’ health insurance system. The employment-health nexus, or the connection between access to health insurance and employment status, means that as Americans lose their jobs in a pandemic-caused recession, they lose the very health insurance they need for testing and treatment.

    Labor & Employment

    The “Gaming” of Pension Plan Actuarial Assumptions

    By: Jeffrey D. Mamorsky, Greenberg Traurig, LLP, New York, N.Y.

    Almost 20 years ago, amidst an operational compliance review of a Fortune 25 company’s defined benefit pension plans, the CFO called me early in the morning alerting me to a front-page New York Times article on the “gaming” of pension plan actuarial assumptions and asked us to expand our review to make sure the selection of actuarial assumptions for his plan was conducted in a prudent objective manner.

    Labor & Employment

    Improving Individual Annuity Choices: From a New Choice to an Expanded PBGC Mission

    By: J. Mark Poerio, The Wagner Law Group, Washington, D.C, All Rights Reserved

    In the defined contribution world, most plans avoid annuity forms of distribution. This is partly because most plan sponsors and fiduciaries lack the expertise and appetite to wrestle with implementing an annuity choice, and further because the addition of an annuity alternative would become a permanent (protected) plan benefit. It is particularly challenging for plan fiduciaries — as well as plan participants! — to make an intelligent choice for a cost-effective annuity provider.

    Mission Statement

    The purpose of the EBC Newsletter is to publish articles of professional interest to the membership of the Employee Benefits Committee (EBC).

    View - Mission Statement