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ERISA – 9th Circuit: Self-Funded ERISA Plans, And Employee-Paid Supplemental Benefits: Can The Abuse Of Discretion Standard Apply, Even When State Law Bans It? - Employment and HR

ERISA – 9th Circuit: Self-Funded ERISA Plans, And Employee-Paid Supplemental Benefits: Can The Abuse Of Discretion Standard Apply, Even When State Law Bans It? - Employment and HR
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A Pandemic Dividend for Every American

With vaccinations underway and the Biden administration about to assume power, attention will soon return to an assessment of the true damage that Covid-19 has wreaked on the American economy. At this moment, it’s important to take stock of the various rescue measures that have been extended by the federal government and consider how they should be amended in the future. Above and beyond the $900 billion stimulus recently signed by President Trump, over the next two to four years it is likely that between $5 to $10 trillion dollars of taxpayer money, in the form of taxpayer-backed loans and loan guarantees, will be expended to save American businesses and jobs. That level of government aid, the largest on record in American history, will likely require more than a generation of productive effort to pay back. A reckoning with the government’s role in rescuing the economy in this fashion also creates an opportunity to pose some of the larger questions about productivity, fairne ....

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