Benefits Issues in a Challenging Economy

Please join us for a breakfast briefing in which members of our Employee Benefits and Executive Compensation Department and our National ERISA Litigation Practice Group discuss benefits issues arising from a challenging economy.

Precipitous decline in the American economy, federal “rescue” packages, global competition, state health care reform, possible federal health insurance market reform, and high unemployment rates coupled with longer periods of unemployment have created the “perfect storm” for Massachusetts employers. Employers should understand how decisions forced upon them by a challenging economy impact their benefit plans and programs, especially those employers who plan to implement cost-savings measures and those who plan to streamline their workforces though voluntary or involuntary separation programs.

Topics:

• Cost-savings measures and their effects on benefit plans and plan design
• The new COBRA subsidy
• Stock options re-pricing
• Required disclosures to participants for changes to retirement plans
• Voluntary severance pay programs
• Voluntary enhanced retirement option plans
• Reductions-in-force and benefits issues
• Impact of benefit design changes on compliance with MA health care reform mandates

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For questions please contact Tracy Dane-Deeney at tdanedeeney@seyfarth.com