Discussion Draft of Funding Relief Legislation

The attached is a discussion draft of proposed legislation designed to provide funding relief for defined benefit plans.

PBGC and Western Union Reach Agreement to Strengthen Company Plans

The PBGC has reached an agreement with Western Union designed to stregthen the company’s pension plan.

Advisory Committee Survey Request on Determination Letter Program

The Advisory Committee on Tax Exempt and Government Entities ask that you take its survey on how the determination letter program is working.

PBGC Announces September Immediate Lump Sum Interest Rate

PBGC announces the interest rate to be used in valuing lump sum payments for the month of September, 2009.

Remedial Amendment Cycle Extended for Governmental Plans

The EGTRRA remedial amendment cycle is extended for governmental plans.

Comments Requested on Eligible Combined Plans

Notice 2009-71 request comments on the guidance that should apply to eligible combined plans under Section 414(x) as added by the PPA.

SEC Proposed Changes to Compensation Disclosure Rules

SEC proposed amendments to compensation and corporate governance disclosure rules that apply to proxy statements.

EFCA: UNINTENDED CONSEQUENCES – ‘EMPLOYEE UNIONS’

EFCA – Labor’s ploy to increase membership and dues contribuions is far reaching that you and your employees could end up unionized without any union involvement!

David Strauss Named to Chair PBGC Advisory Board

The President names David Strauss to Chair PBGC Advisory Board.

Corporate Bond Interest Rate

The IRS releases updated corporate bond interest rates to be used for funding purposes.

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Benefits Forward is a news site for professionals in the field of employee benefits. Our goal is to provide the latest information about the benefits field and to host a community discussion regarding related issues.

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