Latest from Our Blog
Based on consumer price index data for June, Social Security recipients could receive a record high cost-of-living adjustment in 2023 due to rising inflation. This would represent the first time an increase has reached double digits in four decades.
Monkeypox is an infectious disease related to smallpox. In May 2022, multiple cases were first identified in the U.S. and several other countries where it has not been an endemic. This article answers key questions about the U.S. outbreak and identifies issues moving forward.
The U.S. government has extended measures that provide Americans special access to health insurance and telehealth services during the pandemic. The renewal of the COVID-19 Public Health Emergency declaration is effective July 15 to October 13, 2022.
The No Surprises Act helps protect patients against unexpected medical bills from out-of-network providers. Here is the latest federal guidance on how to implement this new legislation.
ZENITH BENEFIT TALK
On July 8, 2022, the Pension Benefit Guaranty Corporation (PBGC) released the final regulations for plans applying for Special Financial Assistance under the American Rescue Plan Act of 2021.
Recently two of the Pension Plans that Zenith administers were part of the first wave approved by the PBGC (Pension Benefit Guaranty Corporation) for special financial relief under ARPA ’21.
NAPO is a coalition of police unions and associations from across the United States and was organized for the purpose of advancing the interests of America’s law enforcement officers through legislative advocacy, political action and education.
An updated study by the National Institute on Retirement Security again concluded that when compared to many Defined Contribution (DC) plans a Defined Benefit (DB) plan does a better job of providing needed retirement income.
On December 21st, the Pension Benefit Guaranty Corporation (PBGC) approved the first Multiemployer pension plan funding relief under the American Rescue Plan Act of 2021 (ARPA).
On July 26, 2021, the Department of Labor (“DOL”) released Temporary Implementing FAQs (Frequently Asked Questions) for the lifetime income illustrations that will be required for most Defined Contribution (“DC”) plans. As you may recall from our last article, the DOL released an Interim Final Regulation (IFR) on September 18, 2020 requiring compliance one year thereafter (September 18, 2021).
As PacFed founder Jim Garrison enters retirement, we honor his leadership and legacy with a deep sense of gratitude and admiration. Thanks to his vision and passion, PacFed is not only distinguished by its success in the employee benefits industry, but by its commitment to serving the community.
An Essential Business
Operations at Zenith American Solutions (Zenith) and PacFed Benefit Administrators (PacFed) are deemed essential. So that we may provide access to the services our members and their families depend on, Zenith and PacFed offices in California will remain open at this time. As the situation with coronavirus (COVID-19) continues to develop, Zenith and PacFed are prepared and ready to assist.
PROUD TO HONOR
Thanks to Teamsters 986 essential employees, PacFed is here to serve our members’ group health insurance needs!