Benefits Forward

 Announcement 2010-3 provides for automatic approval for certain changes in funding method that result either from a  change in the valuation software or change in the enrolled actuary.
Document Excerpt

This announcement provides, for plan years beginning on or after January 1, 2009, automatic approval for certain changes in funding method with respect to single-employer defined benefit [...]

The PBGC releases the immediate lump sum interest rate for January, 2010.

An article by benefits attorney Charles C. Shulman discusses the recent extension of both the eligibility period and the maximum period for the COBRA subsidy and premium reduction.

Updated DOL Fact Sheet including coverage of the COBRA premium subsidy extension.

DOL announces the extension of the COBRA subsidy.

The PBGC has released the immediate interest rare for valuing lump sum payments for January, 2010.

Notice 2009-95 delays the effective date for compliance with Revenue Ruling 2006-57 which provides guidance on the use of smartcards, debit cards, charge cards and other electronic media to provide qualified transportation fringe benefits.

Notice 2009-92 provides clarification that certain delays necessary to comply with the requirements of the TARP Special Master will not be deemed to cause a nonqualified plan to run afoul of Section 409A.

The IRS releases the Cycle E cumulative list.

The IRS has announced the extension of the deadline for adopting certain changes requried as a result of the enactment of the Pension Protection Act including changes required in order for a defined benefit plan to comply with Section 436.