New Rules on Disability Claims

DOL rules and Disability Claims

The DOL has presented new rules regarding the claims procedures for disability benefits in employee benefit plans effective April 1, 2018. These new rules were established to provide additional protection for participants of long-term and short-term disability plans, 401(k) and qualified retirement plans, non-qualified deferred compensation plans and SERPs.  Companies should review their retirement and deferred compensation plans to ensure that the correct definitions are being used in compliance with the new rules. 

To read more about the new DOL rules, please click here