IRS Issues COBRA Subsidy Guidance

Notice 2009-27 provides additional guidance on the COBRA subsidy resulting from the enactment of the American Recovery and Reinvestment Act.

PBGC Monthly Interest Rate Update

PBGC issues monthly interest rate update for valuing lump sums.

Revenue Procedure Modifying Amounts to be used for Qualified Transportion Fringe Benefit

The IRS issues Revenue Procedure 2009-21 reflecting certain temporary increases in amounts under various Code sections including for purposes of the qualifying transportation fringe benefit.

Guidance on Multiemployer Defined Benefit Plan Election under WRERA

The IRS issues guidance on the elections by multiemployer defined benefit plans under Sections 204 and 205 of WRERA.

Phyllis Borzi Nominated to head EBSA

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

DOL Announces Publication of COBRA Model Notices

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.

IRS Spring Edition of Employee Plans News

The Spring edition of the IRS Employee Plans News includes a discussion of dealing with nonamender issues, the new final automatic contribution arrangement regulations as well as a recognition of the posting of sample ESOP provisions dealing with the nonallocation provisions.

DOL Delays Effective Date of Investment Advice Rules

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.

PBGC Post Information on e-filing Form 4010

The PBGC has updated its website to reflect the new final regulations governing filing under Section 4010.

IRS Provides Guidance on Funding Changes made by Worker, Retiree and Employer Recovery Act

Notice 2009-22 provides guidance on the asset valuation methods permitted to be used for funding purposes resulting from the enactment of the Worker, Retiree and Employer Recovery Act of 2008.

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