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US Federal Labor Viewpoints – Week Of June 14, 2021 - Employment and HR

US Federal Labor Viewpoints – Week Of June 14, 2021 - Employment and HR
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U S Department Of Labor Weighs In On Cybersecurity For ERISA Plans - Employment and HR

To print this article, all you need is to be registered or login on Mondaq.com. On April 14th, 2021, the Department of Labor ( DOL ) issued cybersecurity guidance to plan sponsor and fiduciaries, recordkeepers and other service providers and participants and beneficiaries of plans regulated by the Employee Retirement Income Security Act of 1974, as amended ( ERISA ). The guidance is presented in three separate parts: Tips for Hiring a Service Provider with Strong Cybersecurity Practices, Cybersecurity Program Best Practices and Online Security Tips for Participants and Beneficiaries. Over the past ten years, cybersecurity has become an area of critical importance to plan sponsors, plan administrators and plan

Department Of Labor s Cybersecurity Guidance For Benefit Plans Signals Increased Scrutiny - Technology

To print this article, all you need is to be registered or login on Mondaq.com. On April 14, 2021, the Department of Labor (DOL) issued its first set of guidance documents related to the cybersecurity of retirement benefit plans covered by the Employee Retirement Income Security Act (ERISA). The three-part guidance is aimed at various stakeholders-plan fiduciaries, service providers, plan participants and beneficiaries-and provides cybersecurity expectations for plan fiduciaries and best practices for their service providers. Cybersecurity has become an area of critical importance to plan sponsors and administrators of employee benefit plans, as well as their service providers, as they increasingly rely on the Internet

Free And Extended COBRA Coverage Under The American Rescue Plan Act OF 2021 - Employment and HR

Section 9501 of the American Rescue Plan Act of 2021 (the ARPA ) 1 requires employers to extend offers of free COBRA coverage to certain individuals for the period from April 1, 2021 through September 30, 2021. The ARPA then provides tax credits as means of offsetting the costs of the free COBRA coverage. The law also requires employers to extend offers of COBRA coverage to other individuals whose right to COBRA coverage previously ended. This blogpost reviews who is eligible for free coverage, how the tax credits work, eligibility for extended coverage, and some potential issues pertaining to insurance coverages. Background The COBRA Law 2 is a federal law that generally

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