College Announces Annual $10,000 Prize for Best Benefits Simplification Proposal

The College is pleased to announce it is sponsoring a competition for the best original legislative proposal to simplify an aspect of employee benefits law. The prize amount will be $10,000. The College anticipates continuing to sponsor the competition annually for at least five years. The initial award will be presented at the College’s Annual Meeting and Induction Dinner to be held in Fall 2018. For a submission to be eligible for the 2019 award, it must be submitted in accordance with the rules linked below, on or before April 1, 2019.

Criteria for judging submissions include the degree of simplification, prospects for enactment, and originality. Submissions must enhance, or at least have no adverse effect on, any material rights of employees and plan participants.

The award winner will be selected each year by the ACEBC Simplification Award Committee from among eligible submissions. The Award Committee’s selection of a winner will be subject to the approval of the ACEBC’s Board of Governors. Detailed rules, eligibility and selection criteria, and submissions procedures for the 2018 competition are available at www.acebc.com/simplification-award-rules. A list of 2018 FAQs is posted at www.acebc.com/simplification-award-faqs. The 2019 rules and FAQs will be published shortly on this page.