Benefits Forward

DOL Press Release announces the impending publication of final FMLA regulations.

The DOL has issued final regulations implementing the Family and Medical Leave Act.

IRS issues information to assist self employed individuals in avoiding contribution/deduction errors.

The IRS has issued Revenue Procedure 2008-67 providing guidance on the procedure for requesting an extension of the amortization period for multiemployer pension plans.

Several names floating as possible candidates to fill top level pension and SEC post in the incoming administration.

WellPoint will test out the concept of ‘Medical Tourism’ with respect to joint replacement procedure that could cost a fraction of what it would cost to have done in a local hospital.

The IRS has issued guidance to its field agents to provide guidance when confronted, on audit, with a new plan design being marketed as a method by which prospective business owenrs can access rollover retirement funds, without paying applicable distribution taxes, to be used to cover new business startup costs.

The IRS has adopted a one-time modification to its staggered remedial amendment/determination letter program affecting governmental plans. The modification allows governmental plans to file for a determination letter during either Cycle C or Cycle E and includes incentives for such plans to file in Cycle C.

IRS provides guidance as to the corproate bond weighted average interest rate and the permissible range of interest rates as well as guidance on the corporate bond monthly yield curve and segment rates.

Final regulations concerning information reporting on employer-owned life insurance contracts under section 6039i.