Media Mentions
2007
Nancy Gerrie was quoted in the May 28 issue of Business Insurance about how the IRS regulations that define the normal retirement age for a pension plan will force hundreds of employers that use a younger age to prove it is reasonable. “This is going to require some analysis and extra work,” said Ms. Gerrie.
Nancy S. Gerrie, Employee Benefits & Pensions
Nancy Gerrie was quoted in the April 2 issue of Business Insurance in an article detailing Fidelity Investments' decision to add health savings accounts to its retiree savings program. "It is applying a defined contribution approach to retiree medical benefits. It is a way of controlling your costs and knowing what to expect in terms of expense," Ms. Gerrie said.
Nancy S. Gerrie, Employee Benefits & Pensions, Employee Benefits - Insurance, Insurance
2005
Nancy Gerrie was quoted in the November 7 issue of Lawyers Weekly USA in an article about the best piece of professional or personal advice lawyers attending a recent seminar held by the National Association of Women Lawyers seminar in Chicago ever received. "The best piece of advice I ever got was from my 94-year-old grandmother, who told me, 'Life is a marathon, not a sprint.' When I was a young lawyer, I was so eager to achieve, I tended to over-commit. The reality is when you get older you realize it's probably better to be a little bit more thoughtful about what you're going to do in terms of quality versus quantity," Ms. Gerrie said.
Nancy S. Gerrie, Employee Benefits & Pensions
2004
Nancy Gerrie was quoted in Business Insurance on August 16 regarding a proposed plan by Whirlpool to fund retiree health care benefits utilizing its captive insurance company, a tax-free trust and commercial life insurance. "This could be a way of getting more third-party business in the captive," Ms. Gerrie commented on this unusual arrangement which has been submitted to the Labor Department for approval.
Nancy S. Gerrie, Employee Benefits & Pensions, Insurance
2003
Nancy Gerrie and Tom Jones were quoted in CFO Magazine on May 6 regarding the escalating costs of benefits and the use of captives to reinsure benefits. The big lure of using a captive to underwrite employee benefit risk is a decrease in taxes. Mr. Jones explained that for a company to qualify for a federal tax deduction on the premiums it pays to its captives, however, the captives must do as much as 50% of their business in risks unrelated to the parent company. Ms. Gerrie commented on the Department of Labor's (DOL) decision to fast-track procedures allowing employers to reinsure benefits through captives. "Usually it takes more than a year for the DOL to rule on an individual exemption," Ms. Gerrie commented, but that timeframe should be substantially reduced under the fast-track procedures.
Nancy S. Gerrie, Thomas M. Jones PC, Captive Insurance and Reinsurance, Employee Benefits & Pensions, Tax
2002
Nancy Gerrie was quoted in the May 1 issue of Risk & Insurance in an article addressing the use of a captive insurer for employee benefits.
