Today's Update

IRS Guidance

Weighted Average Interest Rates

Notice 2010-24 provides guidance on the corporate bond weighted average interest rate and the permissible range for purposes of Section 412(b)(5)(B)(ii)(II).

Updated Guidance on Corporate Bond Interest Rates and Permissible Range

Notice 2010-20 provides updated guidance as to the corporate bond weighted average interest rate and permissible range of interest rates for purposes of Section 412(b)(5)(B)(ii)(II).

Interim Final Rule on Mental Health Parity Act

The DOL and the Department of the Treasury along with the HHS releases interim final rules on the Mental Health Parity Act.

Request for Information Regarding Use of Annuities in DC Plans

 In the wake of the significant drop in the equities market that occurred over the last several months, the IRS and the DOL are requesting comments and the views of practitioners and sponsors on the use of annuities in defined contribution plans.
Document Excerpt
 
The Department of Labor and the Department of the Treasury (the ‘ Agencies’’) [...]

Guidance On HEART Act

The IRS issues HEART Act guidance in Q & A form.

January Employee Plans News

The January, 2010 Edition of Employee Plans News includes a new address for determination letter requests.

DOL Guidance

DOL Webpage Updated to Reflect COBRA Extension

The DOL updates its website to reflect 2010 COBRA extension.

Fact Sheet on EBSA 2009 Monetary Results

EBSA reports 1.36 Billion in monetary results for fiscal year 2009.

Final Rule on the Provision of Multiemployer Plan Disclosure

The DOL finalizes its proposed rule regarding disclosures required by ERISA Section 101(k).

Investment Advice Proposed Rule

The DOL releases its revised proposed rule on the provision of investment advice.

FAB On Reporting & ERISA Coverage For 403(b) Plans

FAB 2010-01 provides additional guidance on reporting and ERISA coverage for Section 403(b) arrangements and supplements the guidance previously provided in FAB 2009-02.

DOL Updates FAQs on Schedule C

The DOL has updated its FAQs regarding Schedule C requirements to include a question regarding payments to Pharmacy Benefit Managers.

PBGC Guidance

PBGC Monthly Interest Rate Update

The PBGC releases the immediate lump sum interest rate for March.

Immediate Lump Sum Interest Rate for January

The PBGC releases the immediate lump sum interest rate for January, 2010.

PBGC Announces Lump Sum Interest Rate for January

The PBGC has released the immediate interest rare for valuing lump sum payments for January, 2010.

Reportable Events and Form 200; Draft Information Requirements

The draft information requirements submitted to the Office of Management and Budget in connection with PBGC’s pending proposed rule on Reportable Events are now available on PBGC’s Web site.

Proposed Reportable Events Rule

The PBGC issues a proposed rule governing reportable events that reflects changes made by the PPA, conforming amendments, and other changes.

Draft Information Requirements in connection with Pending Reportable Event Proposed Rule

The draft information requirements submitted to the Office of Management and Budget in connection with PBGC’s pending proposed rule on Reportable Events are now available on PBGC’s Web site.

Articles, White Papers & Other Information

New York State Mini-COBRA Extended to 36 Months; Other State Mini-COBRA Laws

Article by Benefits Attorney Charles Shulman discussing the new New York mini COBRA extension law.

Article by Benefits Attorney Charles Shulman on COBRA Extension

An article by benefits attorney Charles C. Shulman discusses the recent extension of both the eligibility period and the maximum period for the COBRA subsidy and premium reduction.

Bill Introduced In Congress would Prohibit Cross Testing

HR 4126, introduced in the House of Representatives, would prohibit cross testing.

CBO’s Analysis of Senate Health Bill on Premiums

In response to a request from Senator Evan Bayh the Congressional Budget Office has provided an analysis as to how the Patient Protection and Affordable Care Act might impact future premium costs.

Withdrawal of Investment Advice Regulations; Other Pending DOL Regulations

DOL Withdraws Investment Advice Regulations and Class Exemption. The Department of Labor in today’s Federal Register, 74 F.R. 60156 (Nov. 20, 2009) [double-click for hyper-link], has withdrawn the investment advice regulations and class exemption that it published in January of this year.

PPA & WRERA QUALIFIED PLAN GUIDANCE – ACTION ITEMS FOR 2009

Benefits Attorney Charles Shulman discusses action items that plans will need to address in 2009 to comply with the Pension Protection Act of 2006 as well as with the Worker, Retiree and Employer Recovery Act of 2008.

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