Updated Covered Compensation Tables

The IRS has released updated covered compensation tables which may be used in plans using permitted disparity.

Correcting Amendments to Hybrid Plan Regulations

This notice contains correcting amendments to the final hybrid regulations.

Purchase of Irrevocable Commitments Prior to Standard Termination

PBGC notifies that it will not be taking any further regulatory action or providing specific guidance at this time regarding the purchase of irrevocable commitments by a defined benefit plan prior to a standard termination.

December Employee Plans News discusses Pension Relief Act Guidance

The December issue of the Employee Plans News includes a discussion of Notice 2011-3 providing guidance on the funding relief for single employer plans provided as part of the Pension Relief Act of 2010.

New Guidance on use of Debit Cards for FSAs and HRAs

Notice 2011-5 provides new guidance on the continued use of debit cards for purchasing prescription drugs under FSAs and HRAs.

FAQs on Affordable Care Act Implementation Part V

The DOL has posted Frequently Asked Questions on the implementation of the Affordable Care Act Part V and mental health parity.

IRS to Delay Affordable Care Act Nondiscrimination Rules

The IRS has announced that it will delay the application and enforcement of the nondiscrimination rules of the Affordable Care Act until after publication of regulations.

IRS Announces Adjusted Tax Rates and Benefits

Revenue Procedure 2011-12 sets forth the adjusted tax rates and benefits for 2011. The qualified parking fringe benefit remains at $230.

Guidance on Deductions under 162(m)(6)

Notice 2011-02 provides guidance on the deduction rules of Section 162(m) to payments by certain health insurance providers to certain highly compensated individuals.

Charles C. Shulman on Temporary Payroll Tax and Benefit Relief

Attorney Charles C. Shulman discusses the temporary payroll reduction and benefit relief under the newly enacted Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010.

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