The President has just signed the Temporary Extension Act of 2010 (the “Act”). Under the Act, eligibility for the COBRA subsidy has been extended one month, meaning that an employee who has an involuntary termination of employment on or prior to March 31, 2010 (rather than on or by February 28, 2010) may be eligible for the subsidy. The Employee Benefits Security Administration (the “EBSA”) has updated the introduction on the COBRA webpage at it website to reflect this extension and has added a link to the Act.
Published By Stanley D. Baum, New York ERISA attorney. Handling matters in ERISA, employee benefits, executive compensation, disability, and employment law for employers, individuals and unions.