Benefits Forward

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

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

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

The EGTRRA remedial amendment cycle is extended for governmental 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 amendments to compensation and corporate governance disclosure rules that apply to proxy statements.

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!

The President names David Strauss to Chair PBGC Advisory Board.

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