Assistant Secretary of Labor Phyllis Borzi told BusinessWeek Wednesday she hopes to see the COBRA subsidy program extended through the end of thisyear.
U.S. workers who involuntarily lose their jobs before April 1can claim the 65 percent subsidy and receive it for up to 15months. Congress has extended the subsidy twice since December.
"This stop and go thing," Borzi told BusinessWeek,"is what killsemployers." It's like the scene in old movies where the "lady istied to the railroad tracks. That's why it would be much simplerfor employers to administer the subsidy if the next subsidyextension were adopted before the prior extension expired."
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
