TITLE

Fed stimulus bill affects laid-off employees

AUTHOR(S)
Linsalata, Vera
PUB. DATE
August 2009
SOURCE
Tire Business;8/17/2009, Vol. 27 Issue 10, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the impact of the American Recovery and Reinvestment Act (ARRA) of 2009 on the Consolidated Omnibus Budget Reconciliation Act (COBRA). ARRA has made it compulsory for companies that employ 20 or more must pay 65 percent of laid-off employees' monthly premiums for COBRA. It applies for anyone who was involuntarily terminated from September 1, 2008, though December 31, 2009, as well as spouses and dependents of those involuntarily terminated.
ACCESSION #
44337887

 

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