Proposed SBC Fact Sheet

HHS releases an updated SBC Fact Sheet in conjunction with the release of the proposed changes to the rules governing the Summary of Benefits and Coverage. Document Excerpt  Proposed changes to the regulations regarding the summary of benefits and coverage (SBC) and uniform glossary for group health plans and health insurance coverage in the group […]

Updated SBC Template

In conjunction with the release of proposed changes to the rules governing the Summary of Benefits and Coverage, the Departments also release a revised Template. Document Excerpt Link http://www.dol.gov/ebsa/pdf/sbctemplateproposed.pdf

Proposed Summary Of Benefits and Coverage Regulations

The Departments release proposed regulations reflecting changes to the rules governing the Summary of Benefits and Coverage. Document Excerpt This document contains proposed regulations regarding the summary of benefits and coverage (SBC) and the uniform glossary for group health plans and health insurance coverage in the group and individual markets under the Patient Protection and […]

Proposed Changes to Excepted Benefit Rule

The agencies have proposed an amendment to the excepted benefit rules dealing with limited wraparound coverage. Document Excerpt This document contains proposed rules that would amend the regulations regarding excepted benefits under the Employee Retirement Income Security Act of 1974, the Internal Revenue Code (the Code), and the Public Health Service Act related to limited […]

Changes to Determination Letter Processing

Announcement 2015-01 announces changes to the processing of determination letter applications. Document Excerpt This announcement describes changes to the processing of employee plans determination letters that will take effect in 2015. These changes are being adopted as a result of a process improvement strategy designed to promote case processing efficiency. The changes to the determination […]

Final Asset Allocation Rules

The PBGC releases its final asset allocation rules regarding the termination of a single employer plan. Document Excerpt This final rule amends the Pension Benefit Guaranty Corporation’s regulations on Benefits Payable in Terminated Single-Employer Plans and Allocation of Assets in Single-Employer Plans to prescribe interest assumptions under the benefit payments regulation for valuation dates in […]

Proposed Multiemployer Plan Legislation

The proposed legislation would, among other things, allow trustees of severely underfunded pension plans to adjust vested benefits. Document Excerpt Link http://amendments-rules.house.gov/amendments/KLINE129141934463446.pdf

PEP Plan Determination Letter Requests

The IRS has released information as to what will be required by agents in processing request for determination letters on behalf of PEP (Pension Equity Plan) applicants. The information discuss the issues unique to such plans. Document Excerpt The PEP Determinations Worksheet and Explanation of PEP Plan Issues are for IRS employees to use in […]

Update on Corporate Bond Rates

Notice 2014-78 provides an update on the corporate bond interest rates. Document Excerpt  This notice provides guidance on the corporate bond monthly yield curve, the corresponding spot segment rates used under § 417(e)(3), and the 24-month average segment rates under § 430(h)(2) of the Internal Revenue Code. In addition, this notice provides guidance as to […]

2014 Cumulative List

Notice 2014-77 contains the 2014 Cumulative List of Changes applicable to individually designed plans to be submitted for determination during the period February 1, 2015 and ending January 31, 2016. Document Excerpt  This notice contains the 2014 Cumulative List of Changes in Plan Qualification Requirements (2014 Cumulative List) described in section 4 of Rev. Proc. […]

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