Featured Member Benefit:
Coronavirus Resources
Find resources to help your workplace navigate the COVID-19 pandemic.
 
WORD ON BENEFITS
Yesterday the DOL published guidance to help employers and employees better understand the protections and relief offered by the Families First Coronavirus Response Act (FFCRA) when it takes effect on April 1, 2020. [more]

 
LEGISLATION
Bill Action: Introduced - Mar 23, 2020
Making emergency supplemental appropriations for the fiscal year ending September 30, 2020, and for other purposes.
[Note: Third Coronavirus Preparedness and Response bill would expand emergency paid sick, family and medical leave.]

 
HEALTH CARE
JD Supra - Mar 25, 2020
To soften the impact of an employee’s termination, an employer may wish to subsidize the employee’s cost of COBRA coverage on a pre-tax basis by directly paying all, or a portion of, the applicable premium (or premium equivalent for self-funded plans) for a period of time. 

LexBlog - Mar 24, 2020
As a result of the ongoing COVID-19 pandemic, some insurers are liberally waiving their normal rules to accommodate the continuation of coverage to employers and employees in their time of need. Although the accommodations are welcome, employers need to exercise caution before allowing employees to take full advantage of the changes.

FinanceAttitude.com - Mar 24, 2020
News release: As the COVID-19 pandemic spreads, its effects on U.S. health care spending and health insurers for 2020 and beyond are uncertain, according to FAQs published by the American Academy of Actuaries.

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PENSION / RETIREMENT
PLANSPONSOR.com - Mar 24, 2020
It is inevitable that markets will go up and down; lessons about downturns should always be a part of participant education.

401KSpecialistMag.com - Mar 24, 2020
The California Public Employees’ Retirement System (CalPERS) has lost about $68 billion in market value since January, leading some to call for a shift from defined benefit plans to 401k plans for the state’s public employees.

Business Wire - Mar 24, 2020
News release: NEPC announced the results of a survey of defined benefit plan sponsors, conducted to gauge their views on the U.S. economy and investment strategies amid the COVID-19 pandemic.

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OTHER BENEFITS / HR ISSUES
International Foundation Extra - Mar 25, 2020
The Department of Labor Wage and Hour Division (WHD) announced the first round of guidance on Families First Coronavirus Response Act (FFCRA) including a fact sheet for employees, a fact sheet for employers and a questions and answers document.

HR Dive - Mar 25, 2020
Most U.S. employees (60%) are confident that they can do their job efficiently while working remotely during the COVID-19 epidemic, even if that work-from-home status is extended indefinitely.

HR Dive - Mar 24, 2020
Due to the COVID-19 pandemic, the National Labor Relations Board (NLRB) has suspended all representation elections, including mail ballot elections, through at least April 3rd. 

March 31, 2020 | 3:00-4:30 p.m. ET | Free Member Webcast
 
CANADA
Health Care
Benefits Canada - Mar 24, 2020
As employers across the globe adjust their work environments to help slow down the spread of the coronavirus, one thing that shouldn’t get lost in the fray is a focus on supporting employees’ mental health.

Pension/Retirement
Goodmans - Mar 24, 2020
The outbreak of COVID-19 has affected businesses at a global level. For employers who offer a Canadian pension plan, the changes to the market and employment conditions will affect the responsibilities of an employer, as plan administrator and plan sponsor, including investments and filing obligations, plan funding and benefit accrual.

Other Benefits/HR Issues
The Lawyer's Daily - Mar 24, 2020
On March 23, the B.C. legislature passed amendments to the Employment Standards Act which allow people to immediately take unpaid, job-protected leave if they are unable to work for reasons relating to the virus…

Advisor.ca - Mar 24, 2020
As workers adjust to video conferences and sharing work spaces with family — or with no one at all — firms are trying to offer employees leadership, direction, flexibility and support during an exceptionally stressful time.

Benefits Canada - Mar 24, 2020
Canadian employers should prepare for the worst and plan how to respond to various employment-related issues that could arise if the virus continues to spread.

Canadian HR Reporter - Mar 24, 2020
With the closure of non-essential businesses across the country, and being asked to work from home, our daily routines have certainly been uprooted.