Did you read our post “Work Now, Party Later,” advising you to do just that in response to the new Department of Labor rule governing disability claims procedures? If so—party on! If not, we hope you enjoyed your holiday celebrations, because it is now time to work.
On January 5, the Department of Labor announced its decision that the new disability claims procedure rules will take effect on April 1 of this year. Here is our suggested plan of attack for employers:
Step 2: Identify which of your plans offer disability benefits.
Remember to check both your ERISA qualified and nonqualified plans.
Step 3. Determine whether you need to amend your plan and/or SPD.
Under the new rules, participants who file a disability claim must receive an expanded explanation of their adverseRead More