McDermott Will & Emery
Subscribe to McDermott Will & Emery's PostsCompanies Should Brace Themselves: It’s Going To Be Easier and Faster to Unionize America
By McDermott Will & Emery on Jul 6, 2011
Posted In Employment, Labor, Privacy and Data Security
by Stephen D. Erf, Heather Egan Sussman and Sabrina E. Dunlap Recently, the National Labor Relations Board (NLRB) proposed new rules purportedly intended “to reduce unnecessary litigation” and streamline pre- and post-election procedures. The bottom line is that these new rules, if adopted, will make it easier to unionize American workforces. One way the new rules...
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FBAR Filing Deadline for Extensions for Certain Individuals With Signature Authority
By McDermott Will & Emery on Jun 29, 2011
Posted In Fiduciary and Investment Issues, Retirement Plans
by Karen A. Simonsen, Todd A. Solomon and Patrick D. Ryan The Financial Crimes Enforcement Network (FinCEN), a division of the U.S. Treasury Department, and the Internal Revenue Service (IRS), recently issued three notices, FinCEN Notices 2011-1 and 2011-2 and IRS Notice 2011-54. Each notice granted an extension of the filing deadline for the Report of...
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Pension Benefit Guaranty Corporation Issues Final Rule on Termination Dates for Pension Plans of Bankrupt Sponsors
By McDermott Will & Emery on Jun 28, 2011
Posted In Retirement Plans
by Alan D. Nesburg, PC and Maureen O’Brien On June 14, 2011, the Pension Benefit Guaranty Corporation (PBGC) issued final regulations that apply to single-employer pension plans maintained by employers in bankruptcy. These regulations implement a change made by the Pension Protection Act of 2006 (PPA). The change affects the amount of benefits payable by the PBGC to participants....
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Reminder: Upcoming Amendment Deadline for Cafeteria Plans and HRAs
By McDermott Will & Emery on Jun 17, 2011
Posted In Benefit Controversies
by Susan Nash and Jacob Mattinson The Patient Protection and Affordable Care Act (the Act) revised the definition of “medical expenses” in the Internal Revenue Code as it relates to the reimbursement of funds used to purchase over-the-counter (OTC) medicine and drugs. Prior to January 1, 2011, the full cost of OTC medicine and drugs was...
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Employee Benefits Blog Recognized as a Top 10 Compensation and Benefits Blog by HR Daily Advisor
By McDermott Will & Emery on Jun 14, 2011
Posted In Benefit Controversies, Employment, Executive Compensation, Labor
McDermott’s Employee Benefits Blog was recently recognized as one of the Top 10 Compensation and Benefits Blogs by HR Daily Advisor. Thank you to those who follow our blog on a regular basis. We appreciate your support and please contact our editors if you have suggestions on trending topics you’d like to hear more about....
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2011 Budget Deal Includes Changes to PPACA
By McDermott Will & Emery on Apr 18, 2011
Posted In Health and Welfare Plans
by Amy Gordon, Susan Nash and Maureen O’Brien The 2011 budget agreement just passed by U.S. Congress on April 14, 2011, contains provisions that repeal and de-fund certain provisions of the Patient Protection and Affordable Care Act (as amended by the Health Care and Education Reconciliation Act of 2010) (PPACA). Specifically, the “free choice voucher”...
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