Section Newsletters

Articles on Employee Benefits

Economic Growth and Tax Recovery Relief Reconciliation Act of 2001 By Lawrence R. Krupp Employee Benefits, October 2001
Letter to the ISBA Employee Benefits Section By Kathryn J. Kennedy Employee Benefits, October 2001 One of the goals of last year's Chair of the Employee Benefits Section Council, Brian Wydajewski, was to initiate a mentoring program between our state's seasoned employee benefits practitioners and our newest recruits to the ranks of employee benefits law.
To our readers Employee Benefits, October 2001 Our first newsletter of the 2001-2002 includes an outline regarding the subject of certain provisions of the Economic Growth and Tax Recovery Relief Reconciliation Act of 2001 that pertain to employee benefit plans and retirement programs.
IRS eases rules for minimum required distributions By Steven Lifson Employee Benefits, May 2001 The IRS has issued new regulations that govern required minimum yearly distributions from Individual Retirement Accounts ("IRAs") and tax-qualified plans to people over age 70-1/2 and to beneficiaries of deceased IRA owners and plan participants
To our readers Employee Benefits, May 2001 Our third newsletter of the 2000-2001 term addresses the subject of the new rules pertaining to the requirement for minimum retirement distributions from Individual Retirement Accounts ("IRAs") and tax-qualified retirement plans for employees over the age of 70-1/2 and to beneficiaries of deceased IRA owners and plan participants.
Appeals court holds that ADEA applies to retiree health plan By Sharon R. Cohen Corporate Law Departments, February 2001 In Erie County Retirees Assoc. v. County of Erie, Pennsylvania, the Third Circuit Court of Appeals held that the Age Discrimination in Employment Act applies to retirees and retiree health plans.
Calling all government attorneys By Lynn Patton Employee Benefits, December 2000 The ISBA's Standing Committee on Government Lawyers wants to include you in its constituency. Historically, neither the Attorney Registration and Disciplinary Commission nor the Illinois State Bar Association has maintained data with respect to those attorneys engaged in government practice.
Illinois State Bar Association Employee Benefits Section Council Employee Benefits, December 2000 The Employee Benefits Section Council of the Illinois State Bar Association (the "section council") is comprised of attorneys whose legal practice is concerned with all aspects of employee benefits and compensation arrangements.
Legal case review By Kevin J. Richter Employee Benefits, December 2000 On August 18, 2000, the IRS issued announcement 2000-77 which provides criteria for determination letter applications for Volume Submitter plans that have not received GUST II advisory letters.
To our readers Employee Benefits, December 2000 The theme of the second newsletter of the 2000-2001 term addresses the subject of the Employee Benefits Section Council, our purpose, and our resources that are available to members of the section and members of the Illinois State Bar Association.
Domestic partner health benefits: legal and administrative issues to consider and the implementation process Employee Benefits, November 2000 Employee benefits for domestic partners ("domestic partner benefits") is an area of employee benefits which continues to gain momentum in employer offerings.
A sad note from our chairman regarding the death of Joan Edmonds Brophy Employee Benefits, November 2000 It is with great sadness that I report the passing of our dear colleague and friend, Joan Edmonds Brophy, on August 26, 2000.
To our readers Employee Benefits, November 2000 The theme of the first newsletter of the 2000-2001 term addresses the subject of employee benefits for domestic partners ("domestic partners").
Survey on QILDRO By Steven N. Peskind Family Law, October 2000 On July 1, 1999, after ten years of work by the Illinois State Bar Association Family Law Section Council, HB1612 became law creating a vehicle to assign retirement benefits from State of Illinois pension plans.
Employee benefit plans for associations By Laurence A. Hansen Employee Benefits, May 2000 Defined contribution plan ("DC plan") is a retirement plan under which the benefit to be paid is determined by the contributions to the plan along with any earnings thereon.
To our readers Employee Benefits, May 2000 The theme of the final newsletter for the 1999-2000 term addresses employee benefit plans for tax-exempt associations.
Newsletter for Employee Benefits Section Ten Year Topic Index (1989-1999) Employee Benefits, April 2000 Recent developments affecting retirement plans and welfare plans of religious institutions.
Fiduciary duties of the ESOP trustee By Marilyn H. Marchetti & Danielle Montesano Employee Benefits, February 2000 The following article examines the duties of the trustee of an employee stock ownership plan ("ESOP Trustee"), beginning with the governing principles of the Employee Retirement Income Security Act of 1974, as amended, and the application of those duties to general administration and on-going administrative responsibilities of the ESOP Trustee.
Recent ESOP case law developments By Helen H. Morrison Employee Benefits, February 2000 This article is a compilation of the recent ERISA court decisions involving employee stock ownership plans (ESOPs).
To our readers Employee Benefits, February 2000 Continuing our theme of ESOPs, this follow-up newsletter focuses on the fiduciary issues applicable to ESOPs.
Can owners of closely held companies realize IPO values without going public? By Robert S. Socol Employee Benefits, January 2000 The initial public offering (IPO) marketplace continues to perform at a feverish pace with seemingly no end in sight. Companies with no earnings history are "going public" at lofty values and companies with earnings are going public at incredible multiples of earnings.
ESOPs for S corporations By Steven Lifson Employee Benefits, January 2000 Effective January 1, 1998, corporations that sponsor employee stock ownership plans ("ESOPs") became eligible for the first time to make the election to be treated as an "S corporation" for federal income tax purposes.
To our readers Employee Benefits, January 2000 The theme of our next two issues of the Employee Benefits Newsletter will be ESOPs.
Correcting Plan Qualification Defects Employee Benefits, October 1999
IRS expands its programs available to correct defects in qualified plans By Steven Lifson Employee Benefits, October 1999 Over the years, the Internal Revenue Service ("IRS") has initiated a number of voluntary remedial programs designed to encourage employers that sponsor tax-qualified plans to correct defects in plan documents and errors in the administration of plans.
Current employee benefits case law developments By Kevin J. Richter Employee Benefits, September 1999 The following article is a compilation of recent case law developments in the area of employee benefits law to allow the practitioner to stay abreast of current events.
The fate of summary judgment and discovery in ERISA benefit-claim litigation: Wilkins v. Baptist Healthcare Systems, Inc., 150 F.3d 609 (6th Cir. 1998) By Mark A. Casciari & Ian H. Morrison Employee Benefits, September 1999 Departing from years of accepted practice, the United States Court of Appeals for the Sixth Circuit in Wilkins v. Baptist Healthcare Systems, Inc., 150 F.3d 609 (6th Cir. 1998), rejected summary judgment as a procedural device for adjudicating ERISA § 502(a)(1)(B) claims for benefits.
401(k) plans in mergers and acquisitions By Michael J. Pavlicek Employee Benefits, May 1999 The continuing stream of business mergers and acquisitions along with the popularity of Internal Revenue Code ("code") section 401(k) plans have resulted in many employers seeking advice regarding their own 401(k) plans or those of an acquired company in the context of a business acquisition or disposition.
Employee benefits due diligence checklist— Document request list Employee Benefits, May 1999 The purpose of this document request list is to provide a general overview of the employee benefits due diligence that should be reviewed in the course of a transaction.
Final and proposed COBRA regulations By Robert F. Simon Employee Benefits, April 1999 These materials were first presented to the Chicago Bar Association, Employee Benefits Division, on March 19, 1999.

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