Partner Joshua Zuckerberg Speaks to Employee Benefit News About COBRA Subsidy
Partner Joshua Zuckerberg, a member of Pryor Cashman’s Labor and Employment Group, was interviewed by Employee Benefit News for its June 15, 2010 article “Will it ever end? One COBRA extension after another leaves benefit professionals wondering whether, and when, they'll see a sunset on the subsidy.”
Zuckerberg spoke about the importance of staying compliant with the law. He estimated that hundreds of employers, mostly mom-and-pop operations, aren't in compliance with the subsidy – a dangerous predicament, as the penalties are steep. He also stressed that “employers have to stay on top of [the changing legislation and regulations] and stay closely connected to their labor employment counsel or their accountant or whoever is walking them through these obligations because it really is in flux, and you don't want to be ignorant of recent developments.”
Zuckerberg emphasized that as long as there is a struggling economy and unemployment, the subsidy will most likely continue, and he speculates that the subsidy extensions will continue at least until the end of the year.
To read the article from Employee Benefit News, please click here.