Employers should take note that on April 1, 2018 more rigorous Department of Labor (“DOL”) regulations take effect governing the administration of benefit claims and ensuing appeals under ERISA plans providing disability benefits. (“ERISA” refers to the Employee Retirement Income Security Act of 1974, the federal law governing private sector employee benefit plans). These regulatory
Association Health Plans Get Boost From Labor Department
By Keith A. Ashmus on
Posted in Department of Labor, Employee Benefits
The Employee Benefits Security Administration of the Department of Labor has just released for public consideration, and published for comment, a significant new interpretation of the term “employer” under ERISA. Under the proposal, small businesses and sole proprietors would have more freedom to band together to provide health coverage for employees in what are…
Supreme Court Expands the Duty of Prudence
Posted in Employee Benefits
In what is undoubtedly a victory for beneficiaries of ERISA-regulated plans, the United States Supreme Court enlarged the duty of prudence owed by plan fiduciaries to plan beneficiaries and also broadened the statute of limitations applicable to claims alleging a breach of this duty in Timble v. Edison International, 575 U.S. ___ (2015). While…