Compensation Solutions Blog
Human Resources Outsourcing (HRO – PEO – ASO – Payroll – Agency)
COBRA Subsidy Extended Through May 31, 2010
Congress has extended the COBRA subsidy again, so that it applies to individuals who are involuntarily terminated on or before May 31, 2010. The extension gives Congress additional time to consider and approve a measure extending the subsidy through the end of 2010. Tweet
Senate Passes Jobless Aid Bill
Last week the Senate approved a measure that would extend unemployment benefits to the end of the year, extend the COBRA subsidy under the American Reinvestment and Recovery Act (ARRA), and extend tax cuts, ease corporate pension requirements and do away with cuts in Medicare reimbursements by doctors. It will now go to the House. [...]
Unemployment Benefits, COBRA Subsidy Extended for One Month
On March 2, Congress voted to extend unemployment benefits for 30 days, allowing Congress to work on a more comprehensive, longer term extension of benefits that would last through the end of 2010. President Obama signed the legislation on Wednesday. Roughly 400,000 Americans were scheduled to lose their unemployment benefits as of the end of [...]
Department of Labor’s 2011 Budget Request Introduced
On February 2, 2010, the Department of Labor Secretary Hilda Solis outlined the President’s DOL budget request for 2011. The focus of the budget is a vision of “good jobs for everyone.” The budget totals $117 billion, with $1.7 billion allocated for worker protection programs – a 4% increase from the prior year’s budget. Specifically, [...]
COBRA Subsidy Extended
President Barack Obama signed into law an extension of the COBRA subsidy created by the American Reinvestment and Recovery Act of 2009. The original law allowed for individuals who were involuntarily terminated or had another qualifying event between September 2, 2008 and December 31, 2009 to receive a 65% subsidy for continuation of insurance coverage [...]
Senators Seek to Extend COBRA Subsidy
United States Senators Sherrod Brown (D-Ohio) and Bob Casey (D-PA) introduced the COBRA Subsidy Extension and Enhancement Act last week. The proposed legislation extends the American Reinvestment and Recovery Act (ARRA) of 2009, which established a nine-month subsidy to assist unemployed workers purchase healthcare coverage for themselves and their families. The proposed bill would: 1) [...]