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U.S. Department Of Labor Weighs In On Cybersecurity For ERISA Plans - Employment and HR


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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 ....

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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 ....

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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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