PBGC Announces Maximum Guaranteed Benefit for 2011

The PBGC has announced that the maximum guaranteed benefit for 2011 for covered plans will be $54,000.

Proposed Rules on Hybrid Plans

The IRS issues proposed regulations on cash balance and other hybrid plans.

Reporting on Proxy Votes on Executive Compensation

The SEC issues a proposed rule on the reporting requirements for reporting on proxy votes on executive compensation and other issues.

No Increase in 2011 Flat Rate Premium

The PBGC announces that there will be no increase in the flat rate premium for defined benefit plans for the 2011 plan year.

Lump Sum Rate for November

The PBGC releases the interest rate to be used in paying immediate lump sums in November.

Model Comparative Chart

The DOL has released a Model Comparative Chart to allow participants to compare information among various investment options.

Fact Sheet on Disclosure of Fee and Other information

In conjunction with its issuance of new regulations governing the issuance of fee and other information to participants in participant-directed accounts, the DOL has also released an accompanying Fact Sheet.

Fiduciary Requirements for Disclosure of Cerain Information for Participant-Directed Accounts

The Department of Labor has released additional disclosure requirements–this time directed at fiduciaries with respect to participant-directed account plans including investment and fee information.

Interim Relief on Reporting Cost of Coverage

The IRS has announced interim relief from the requirement to report the cost of health coverage on the form W-2.

PBGC Agrees to share Research tool with Actuaries

The Pension Benefit Guaranty Corporation today announced an agreement to share its principal modeling tool, the Pension Insurance Modeling System (PIMS), with the Society of Actuaries (SOA), the nation’s largest actuarial research organization. Document Excerpt PBGC research staff developed PIMS to project the pension insurer’s future financial condition and better understand its exposure to risk.  […]

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