Benefits Forward

Revenue Ruling lists guidance rendered obsolete by final Section 403(b) regulations.

Summer, 2009 edition of Employee Plans News includes a reminder that the pre-approved adopter 2 year time table expires on April 30, 2010.

The IRS and Secretary Geithner have issued a statement requesting that Congress clarify that no tax consequences will flow from the personal use of certain work-related devices such as cell phones.

The Treasury issues a Fact Sheet on its proposal to give the SEC authority to ensure sufficient independence of corporate compensation committees.

Treasury Fact Sheet on proposed say-on-pay legislation.

The Treasury issues interim final regulations providing guidance on the executive compensation and corporate governance provisions of EESA that apply to entities that receive financial assistance under TARP.

The DOL has posted on its website an Application for Review of Denial of COBRA Premium.

The DOL further delays the effective date of its fiduciary advisor final rules until November 18.

The Department of Labor Health in conjunction with the Treasury are asking for public comments on the Wellstone and Domenici Mental Health Parity and Addiction Equity Act of 2008 in advance of the issuance of regulations.

Attorney Phyllis Borzi has been nominated by President Obama to serve as the Assistant Secretary of Labor for Employee Benefits Security Administration.

The DOL announces the publication of model COBRA notices required as a result of the enactment of the American Recovery and Reinvestment Act of 2009.

In the face of much Congressional criticism regarding the substance of the regulations, the DOL has delayed the effective date of its Investment Advice regulations until May 22, 2009.

The PBGC releases the lump sum interest rate for July.

The PBGC updates the interest rates for valuing lump sums in July, 2009.

The Chrysler Pension plans will remain on-going plans but with a new sponsor the PBGC confirms.

GM pension plans will remain on-going plans during the company’s bankruptcy proceedings the PBGC announced.

The PBGC has assumed the trusteeship of the Circuit City Pension Plans in light of the company’s impending liquidation.

Acting Director Snowbarger will report that the PBGC deficit has climbed to 33.5 billion mid-year.

While refusing to rehear Hecker v. Deere, the Seventh Circuit also attempt so define the limits of its alternate holding regarding ERISA Section 404(c) status.

The Health, Education, Labor and Pensions Committee releases a statement including a summmary of its Affordable Health Choices Act.

The CBO estimates a net increase in the deficit of 1.0 trillion with a net increase in coverage of 16 million leaving approximately 39 million still uninsured under the Affordable Health Choices Act.

The SEC has issued proposed rules designed to make it easier for shareholders or groups of shareholders to nominate directors.

The article discusses some of the practical benefits of the Voluntary Correction Program and why it is often the best option including where Self Correction may be available.

Indiana Pension Funds objecting to proposed Chrysler sale receive a temporary stay from the Supreme Court.