December Lump Sum Interest Rate Announced

The PBGC announces the immediate interest rate for valuing lump sum payments for December.

Archive of EFAST Webcast Posted

The DOL has posted to its website the archive of its recent webcast designed to assist filers in getting ready for the filing of the 2009 5500.

Relief for Hybrid Plan Interest Crediting Rules

Announcement 2009-82 provides relief for cash balance and other hybrid plans that must be amended to comply with PPA’s interest crediting rules.

President Obama to Nominate Joshua Gotbaum as PBGC Director

President Obama announces that he will nominate Joshua Gotbaum as Director, PBGC.

PPA & WRERA QUALIFIED PLAN GUIDANCE – ACTION ITEMS FOR 2009

Benefits Attorney Charles Shulman discusses action items that plans will need to address in 2009 to comply with the Pension Protection Act of 2006 as well as with the Worker, Retiree and Employer Recovery Act of 2008.

Corporate Bond Weighted Average Interest Rate

Notice 2009-88 provides updated guidance on the corporate bond weighted average interest rates for purposes of Section 412.

IRS Seeks Applications for TE/GE Advisory Committee

TE/GE Advisory Committee applications being accepted.

CBO’s Preliminary Assessment of New House Health Reform Proposal

The Congressional Budget Office releases its preliminary analysis of the Affordable Health Care for America Act.

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