Benefits Forward

IRS announces schedule for issuance of pre-approved lead defined benefit approval letters and opening of determination letter program.

See EBEC Law Update on the documentary corrections at http://www.ebeclaw.com/memos/EBEC_Law_Update_-_Notice_2010-6_-_Documentary_Correction_Program.pdf IRS Notice 2010-6, 2010-3 I.R.B. 275 (January 5, 2010), allows taxpayers to voluntarily correct many documentary failures under Internal Revenue Code § 409A. Previously, voluntary 409A corrections were available only for operational failures under Notice 2008-113. Notice 2010-6 provides that certain ambiguous plan terms are [...]

The DOL updates its webpage to include FAQs regarding 2010 COBRA extension.

The PBGC issues the immediate interest rate for April lump sum payments.

President Obama has now signed into law the Patient Protection and Affordable Care Act of 2010.

The PBGC releases the immediate lump sum interest rate for March.

The DOL updates its website to reflect 2010 COBRA extension.

Notice 2010-24 provides guidance on the corporate bond weighted average interest rate and the permissible range for purposes of Section 412(b)(5)(B)(ii)(II).