Court ruled that General Obligations Law § 5-335 bars an insurer's subrogation lien for short-term disability benefits paid to an injured employee, invalidating the insurer's lien.
Friday, July 10, 2026
№ 6Court Decisions (2)·Retirement Plans (6)·Health & Welfare (2)·Leave & Time Off (1)·Executive Compensation (1)·Case Commentary (4)·Regulatory & Guidance (2)·Also Noteworthy (3)
Court Decisions (2)
Trade associations and unions challenged New York's fossil-fuel appliance bans as preempted by federal energy conservation law; the Second Circuit affirmed, finding EPCA's preemption clause does not extend to the state laws.
Retirement Plans (6)
SpaceX's record-fast addition to the Nasdaq-100 means millions of retirement savers now have indirect exposure to the newly public company through index funds and some target-date portfolios
Mariner, Cariloop provide family care, healthcare support; and Alight, BNY offer support for retirement plan administration, investing.
The venture capital firm, California’s public pension fund and other investors are reportedly paying $2.8 billion for the asset manager.
This comes amid a wave of plan sponsors opting to outsource the investment management of their pension plans.
Registered investment advisers have gained access to ne w investments such as Voya’s V-ALT collective investment trusts.
More than three-fourths of Philadelphia voters backed city-sponsored individual retirement accounts.
Health & Welfare (2)
In June, the House Committee on Ways and Means held a hearing on a collection of bills that would create a new policy framework for taxing digital assets.
As the popularity of GLP-1 medications continues to rise and the list of conditions being treated with these medications grows, plan sponsors are taking a closer look at the costs and benefits of GLP-1 coverage.
Leave & Time Off (1)
The New York City Department of Consumer and Worker Protection (“DCWP”) passed final amended Rules relating to the Protected Time Off Law (“PTOL”) (formally known as the Earned Safe and Sick Time Act (“ESSTA”))
Executive Compensation (1)
Fifteen states now have some automatic enrollment of public sector employees, but nearly half of US states prohibit it.
Case Commentary (4)
The organization’s amicus brief backed Intel and warned that allowing lawsuits based on hindsight would fuel costly litigation and harm 401(k) participants.
Amicus briefs by the Department of Labor and the employer group warned the Supreme Court to not allow lawsuits under ERISA based solely on an investment fund’s underperformance.
The groups all filed amicus briefs arguing for prudent ERISA processes over investment returns
In its January 2026 statement of enforcement policy, the Department of Labor (“DOL”) indicated that cybersecurity and data protection were its highest priority.
Regulatory & Guidance (2)
New federal guidance is providing greater certainty around Trump Accounts and expanded their potential application beyond simple savings.
Candidly releas es Trump Accounts guidance; OakPath launches per sonal coach ‘ Aggi ’ for retirees; and Vestmark o pens AI r esearch c enter.
Also Noteworthy (3)
A Cerulli report found that 71% of recordkeepers call the pooled employer plans a major or moderate business priority.
The District of Columbia Water and Sewer Authority must also enhance its nondiscrimination policies and provide advanced antidiscrimination training.
Employers can’t reliably address working caregivers’ needs through policies and employee benefits alone, said Wendi Safstrom, president of the SHRM Foundation.