re: #353 vagabond trader

This started this morning. I work in Employee Benefits.

Porkulus requires that employers pay 65% of the COBRA premium for any employees who are laid off due to “reduction in force, due to the economy”.

COBRA for those of you who don’t know is a federal law that requires employers (over a certain size) to allow former employees (or dependents in certain circumstances) to continue on the employer health plan after they have terminated employment. This USED to be at the employee’s expense.

To offset the cost? The employers are to take a credit against their federal tax deposits (this is the employees money) and the employer portion of the FICA tax (social security).

Think about this folks… This is going to be a freaking nightmare.

S