On August 22, 2011, the U.S. Departments of Labor, Health and Human Services, and Treasury issued a proposed rule under the Patient Protection and Affordable Care Act that requires group health plans and health insurance issuers to: (1) provide a summary of benefits and coverage (“Summary”) to participants and beneficiaries, and (2) make available to […]
In Loffredo v. Daimler AG, retired executives—whose supplemental executive retirement benefits did not survive Chrysler’s bankruptcy—learned they have no remedy available under state law because the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) governed their plan. As a result, executives age 62 or older will no longer receive supplemental retirement benefits. Take heed […]
Employees, in particular executives, may be covered by a wide range of compensation arrangements. These compensation arrangements may involve, for example, tax-qualified pension and retirement plans, health and welfare plans, non-qualified deferred compensation, life insurance and stock-based compensation.
An employee discovers practices that appear to be improper if not unlawful. A state employee of the Office of Vocation Rehabilitation (“State Office”) turned to us in connection with their discovery of several practices of their employer that appeared to be improper if not unlawful. The discovery occurred in connection with their review of the […]
On October 24, 2011, the DOL issued a final rule permitting investment advisers to provide investment advice to participants and beneficiaries in self-directed individual account plans. The final rule implements an exemption to ERISA’s prohibited transactions rules added by the Pension Protection Act of 2006. Without this exemption, investment advisers could not provide investment advice […]
Nathaniel Lambright, a partner in Blitman & King's Labor Practice, was named a Co-Chair and Executive Committee Member of the Public Sector Labor Relations Committee of the New York State Bar Association. In his new role, Nat will help to shape not only the direction of the Public Sector Labor Relations Committee but, more generally, labor law relations in the public sector.
Blitman & King attorneys will be presenting at the American Bar Association’s 7th Annual Labor and Employment Law Conference taking place on November 6–9, 2013 in New Orleans, Louisiana. Brian J. LaClair, an associate with the Firm will present Bullies in the Workplace at the conference while former Chair of the ABA’s Section of Labor […]
On August 28, 2013, Blitman & King LLP Partner Jonathan M. Cerrito and Associate Michael R. Daum hosted a Bloomberg BNA webinar titled “Considerations for Fiduciaries Choosing Target Date Funds as Qualified Default Investment Alternatives.” The webinar discussed what fiduciaries of participant-directed defined contribution plans (i.e. 401(k) plans) need to do when selecting a target […]
Jules Smith, a partner with Blitman & King, has been awarded the 2012-13 RPO Board Volunteer of the Year by the Rochester Philharmonic Orchestra. Jules currently serves as a Board of Director and the Secretary for the RPO.