Modification of “Use-it-or Lose it” Rule

Notice 2013-71 contains a modification of the “use-it-or-lose-it” rule applicable to flexible spending accounts. Document Excerpt  This notice contains modifications to the rules for § 125 cafeteria plans. First, sections II through V of the notice modify the “use-or-lose” rule for health FSAs that is currently set forth in proposed regulations under § 125 of […]

Updated Weighted Average Rates

The IRS released updated weighted average interest rates. Document Excerpt  This notice provides guidance on the corporate bond monthly yield curve (and the corresponding spot segment rates), and the 24-month average segment rates under § 430(h)(2) of the Internal Revenue Code. In addition, this notice provides guidance as to the interest rate on 30-year Treasury […]

Interest Rates for November

The PBGC releases the interest rates for lump sum payments in November. Document Excerpt PBGC has determined that the immediate interest rate for valuing lump sum payments for the month of November 2013 is 1.75% and the deferred interest rate I1 is 4.00%, I2 is 4.00%, and I3 is 4.00%. (The immediate interest rate for […]

Interest Rate for October Lump Sums

The PBGC has released interest rates for lump sum payments in October. Document Excerpt The immediate interest rate for valuing lump sum payments for the month of October 2013 is 1.75%. The deferred interest rate I1 is 4.00%, I2 is 4.00%, and I3 is 4.00%. (The immediate interest rate for September 2013 was 1.50% for […]

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