Seventh Circuit Refuses Rehearing in Hecker v. Deere But Defines Limits of 404(c) Holding

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.

Revenue Ruling Lists Obsolete Guidance Resulting from 403(b) Regulations

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

Summer Edition of Employee Plans News

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

HELP Releases Summary of Health Care Option

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

No Tax Consequences from Personal Use of Cell Phones

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.

CBO Analysis of Cost and Coverage of Proposed Health Reform Option

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.

PBGC Update of July Interest Rates

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

SEC Proposed Rules Facilitating Director Nominations by Shareholders

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

Fact Sheet on Compensation Committee Independence

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 Say-on-Pay

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

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