Benefits Forward

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

This notice contains correcting amendments to the final hybrid regulations.

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.

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.

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

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

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.

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

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.

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.