Industry News  


American Recovery and Reinvestments Act of 2009---What does it mean to you?

The American Recovery And Reinvestment Act of 2009 (ARRA) signed by President Obama February 17th includes COBRA subsidies for employees who are involuntarily terminated. The provisions apply to those who involuntarily lose jobs between September 1, 2008 and December 31, 2009, and they impose some immediate notice obligations on employers.  Although the government is subsidizing the COBRA cost, it is employers (or health insurers, in some cases) who will have to initially pay 65% of the individuals' COBRA costs that are then reimbursed through the subsidy.

The subsidy significantly reduces an individual's financial cost for continuation coverage, which suggests that more terminated employees will elect COBRA election.  If so, employers can expect higher claims costs and higher administrative expenses.  Employers, insurers, and COBRA administrators will need to work together to ensure that the new notice requirements are met.

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What's Inside - April, 2009 Issue
- 2009 CAFA Convention
- CAFA Welcomes NEW Members
- Membership Directory
- 2009-2010 BOD
- CAFA Website
- CAFA in Numbers
- 2010 CAFA Convention
- Sponsorship Program
- 2009 Convention in Pictures
- President’s Letter to Membership
- Industry News
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President's Letter to Membership
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President's Letter to Membership

3/16/09

To All CAFA Members:

          The 2009 annual convention was held February 13th - 17th in Indian Wells California. I think everyone that attended had a fun and productive weekend. Our two guest speakers, Derrick Olson from Integrated Shipping Solutions and Mark Boudreau with VSM Abrasives, did a great job presenting their area’s of expertise.

           Derrick’s company, ISS, offers small parcel consulting and can offer CAFA members potentially lower UPS or Fed Ex bills. His presentation is posted on the web site on the Tools page or you can contact him at 262-786-9707. Please tell him you are a CAFA member.

          As always, Mark enlightened the group with his vast knowledge of the coated abrasive manufacturing process and the results different materials can give. We all learned a great deal and can’t thank Mark enough for all the time he spent putting the presentation together. Mark, you’re safe for at least another 2 years.  His presentations from 2006 and 2009 are posted on the website.

          As we all know, this economic mess we are in is not a lot of fun. Everyone is cutting back in one way or another to weather this storm. In spite of that we had strong attendance at the convention. Depending on how long this downturn lasts, next year’s participation could be a whole different story. At the convention we did a small survey regarding the convention format. We are reviewing the results and will let you know what changes are needed to keep the annul convention a viable and affordable meeting.

         That’s all for now and thank you your interest and support of our organization.

Sincerely,

Kevin Wyckoff
President

 

 





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