Scheduling
Time & Attendance
Forecasting
Employee App
Payroll Integrations
Communications
Legal
By Staff Report
Feb. 12, 2010
Senate Majority Leader Harry Reid, D-Nevada, on Thursday, February 11, scrapped a bipartisan jobs bill that included provisions to extend and expand federal COBRA premium subsidies to laid-off employees, as well as temporarily ease pension plan funding rules, in favor of a narrower measure that he intends to bring to the Senate floor soon.
Benefits experts say there is overwhelming congressional support to extend COBRA premium subsidies and that the COBRA provisions in the scrapped bill are likely to be attached to any one of several other bills that Congress will consider in the coming weeks.
The COBRA provisions remain uncontroversial, and instead of going out on this train, they may go out on the next train. Employers should expect the subsidy to be extended,” said Frank McArdle, a consultant with Hewitt Associates in Washington.
Under current law, employees involuntarily terminated from September 1, 2008, through February 28, 2010, are eligible for a 15-month premium subsidy.
In addition, the draft bill would allow employees who lost group health insurance due to a reduction in the number of hours they work and were involuntarily terminated later to receive the COBRA premium subsidy, assuming certain conditions were met
Filed by Jerry Geisel of Business Insurance, a sister publication of Workforce Management. To comment, e-mail editors@workforce.com.
Stay informed and connected. Get human resources news and HR features via Workforce Management’Twitter feed or RSS feeds for mobile devices and news readers.
Come see what we’re building in the world of predictive employee scheduling, superior labor insights and next-gen employee apps. We’re on a mission to automate workforce management for hourly employees and bring productivity, optimization and engagement to the frontline.
Compliance
Minimum Wage by State in 2023 – All You Need to KnowSummary Twenty-three states and D.C. raised their minimum wage rates in 2023, effective January 1. Thr...
federal law, minimum wage, pay rates, state law, wage law compliance
Legal
New Labor Laws Taking Effect in 2023The new year is fast approaching, and with its arrival comes a host of new labor laws that will impact ...
labor laws, minimum wage, wage and hour law
Legal
Wage and Hour Laws in 2022: What Employers Need to KnowWhether a mom-and-pop shop with a handful of employees or a large corporation staffing thousands, compl...
compliance, wage and hour law