The Washington Report
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August 14, 2019
Retirement
PBGC Issues FY 2018 Projections Report
On August 6, 2019, the Pension Benefit Guaranty Corporation (PBGC) issued the “FY 2018 Projections Report,” which evaluates the future financial condition of the PBGC's Single-Employer and Multiemployer Insurance Programs. The PBGC reported that it expects continued improvement in its Single-Employer Program but warned that the program remains exposed to a considerable amount of underfunding in plans sponsored by financially weak employers. With respect to its Multiemployer Program, the PBGC said that more and larger claims over the next few years are expected to deplete the program’s assets and cause the program’s insolvency by the end of FY 2025, absent changes in law.
The PBGC’s FY 2018 Projections Report, a press release, and related information are available here.
Other HR/Employment
DOL Requests Comments on Proposed Revisions to FMLA Forms
The Wage and Hour Division (WHD) of the Department of Labor (DOL) is requesting comments on proposed revisions to Family and Medical Leave Act (FMLA) forms, according to a notice published in the Federal Register on August 5, 2019. The forms were created by the WHD to assist employers and employees in meeting their notification obligations under the FMLA, and they are optional-use forms. The proposed changes are intended to simplify written responses, reduce the demand for follow-up information from health care providers, and otherwise improve the usability of the forms. The proposed changes would affect the following forms:
- WH-380-E: Certification of Health Care Provider for Employee’s Serious Health Condition;
- WH-380-F: Certification of Health Care Provider for Family Member’s Serious Health Condition;
- WH-381: Notice of Eligibility of Rights & Responsibilities;
- WH-382: Designation Notice;
- WH-384: Certification of Qualifying Exigency for Military Family Leave;
- WH-385: Certification for Serious Injury or Illness of Covered Servicemember for Military Family Leave; and
- WH-385-V: Certification for Serious Injury or Illness of a Veteran for Military Caregiver Leave.
Written comments must be submitted by October 4, 2019.
The proposed revisions to the forms are available here.
The notice announcing the request for comments is available here.