Surety Matters

Our blog covering the latest in bonds and insurance
ERISA 05.21.2020

Department of Labor Unveils Novel Safe Harbor for E-Delivery

As numerous Americans continue to work remotely during the start of the summer, the Labor Department has introduced a brand new safe harbor for electronic disclosures. The final rule initiated is congruent to the rule…
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Department of Labor Unveils Novel Safe Harbor for E-Delivery
ERISA 05.20.2020

ARA Endorses Interim Amendment Process Improvements for Pre-Approved Plans

In a May 11th letter to the Director of the IRS Office of Employee Plans, the American Retirement Association suggested enhancements in the interim amendment process for pre-approved plan documents. The ARA indicates that the…
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ARA Endorses Interim Amendment Process Improvements for Pre-Approved Plans
Contract Surety 05.20.2020

Massachusetts Construction and Manufacturing Businesses Reopen Monday

Governor Charlie Baker of Massachusetts has unveiled his reopening plan, allowing construction and manufacturing industries, along with places of worship, to open on May 18 as long as these businesses comply with mandatory social-distancing guidelines….
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Massachusetts Construction and Manufacturing Businesses Reopen Monday
ERISA 05.19.2020

DOL Relaxes Deadlines for ERISA-Governed Group Health Plans

In step with the U.S. Department of Treasury and the IRS, the U.S. Department of Labor published deadline leeway and direction for ERISA-related group health and welfare plans regulated by the Employee Retirement Income Security…
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DOL Relaxes Deadlines for ERISA-Governed Group Health Plans
ERISA 05.19.2020

Can Employees Who Didn’t Read Benefit Disclosure Still Sue?

A U.S. Supreme Court decision from a few months ago has resulted in a ruling that is potentially helpful for plaintiffs/lawyers to bring ERISA actions. The United States Supreme Court decided in Intel Corp v….
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Can Employees Who Didn’t Read Benefit Disclosure Still Sue?
Contract Surety 05.18.2020

Western New York Non-Essential Construction to Gradually Resume Tuesday

On May 18, 2020, New York Governor Andrew Cuomo stated Western New York will commence a gradual reopening process to allow non-essential construction, manufacturing, and wholesale trade establishments to resume operations this Tuesday. This rule…
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Western New York Non-Essential Construction to Gradually Resume Tuesday
ERISA 05.18.2020

New House-Passed HEROES Act Includes Retirement Clarity

The novel $3 trillion stimulus bill, passed on May 15, encompasses retirement initiatives voiced by the American Retirement Association. The House of Representatives signed off on the “Health and Economic Recovery Omnibus Emergency Solutions” (HEROES)…
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New House-Passed HEROES Act Includes Retirement Clarity
Contract Surety 05.18.2020

Vermont Reopens Manufacturing & Construction Industries after COVID Cases Drop

The Governor of Vermont Phil Scott is allowing construction and manufacturing establishments to resume full operations on May 11, 2020. However, the Governor requires these companies to obey “stringent requirements” to safeguard employees and customers…
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Vermont Reopens Manufacturing & Construction Industries after COVID Cases Drop
ERISA 05.18.2020

How Errors & Omissions Coverage Protects Pension Professionals from Costly Mistakes

It can be difficult for pension professionals to juggle servicing multiple employee benefit plans at once. With Errors and Omissions protection, pension professionals safeguards against covered losses from any actual or alleged negligent act, error, or…
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How Errors & Omissions Coverage Protects Pension Professionals from Costly Mistakes