IRS Employer Shared Responsibility Presentation

The IRS has prepared a slide presentation on the Affordable Care Act’s employer mandate. Document Excerpt Link https://www.irs.gov/pub/irs-utl/2015_NTF_Employer_Shared_Responsibility_Provisions.pdf

FAQs about ACA Implementation Part XXIX and Mental Health Parity

The agencies have released Frequently Asked Questions about ACA Implementation Part XXIX and about implementation of the Mental Health Parity provision. Document Excerpt Set out below are additional Frequently Asked Questions (FAQs) regarding implementation of the market reform provisions of the Affordable Care Act, as well as FAQs regarding implementation of the Paul Wellstone and […]

Proposed Regulations Governing Marriage

The IRS has released proposed regulations governing the determination of marriage for purposes under the Code. Document Excerpt This document contains proposed regulations that reflect the holdings of Obergefell v. Hodges, 576 U.S. __, 135 S. Ct. 2584 (2015), Windsor v. United States, 570 U.S. __, 133 S. Ct. 2675 (2013), and Revenue Ruling 2013-17 […]

Appeal Procedures on Adverse Qualification Determination

The IRS has released updated information on appeal rights in the face of an adverse determination on qualification. Document Excerpt  Appeal Rights Because people sometimes disagree on retirement plan qualification matters, the IRS has an administrative appeal system. Most differences can be settled by appeal without a court trial.   Link https://www.irs.gov/pub/irs-pdf/p5153.pdf

Comments on Proposed Information Collection to Pay Participants

The PBGC request comments on its proposal to modify information collected in order to pay participants. Document Excerpt The Pension Benefit Guaranty Corporation (“PBGC”) intends to request that the Office of Management and Budget (“OMB”) approve modifications to a collection of information under the Paperwork Reduction Act. The purpose of the information collection is to enable […]

Comment Request on Central States Reduction

The Treasury has released a description of and a request for comments on the proposed benefit reduction under the Central States Pension Plan. Document Excerpt The Board of Trustees of the Central States, Southeast and Southwest Areas Pension Plan (Central States Pension Plan), a multiemployer pension plan, has submitted an application to Treasury to reduce […]

Economically Targeted Investing

Interpretive Bulletin 2015-01 provides guidance on economically targeted investing. Document Excerpt SUMMARY: This document sets forth supplemental views of the Department of Labor (Department) concerning the legal standard imposed by sections 403 and 404 of Part 4 of Title I of the Employee Retirement Income Security Act of 1974 (ERISA) with respect to a plan […]

2016 Pension Limits

The announced benefit limits for 2016 remain largely unchanged. Document Excerpt WASHINGTON — The Internal Revenue Service today announced cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2016. In general, the pension plan limitations will not change for 2016 because the increase in the cost-of-living index did not […]

Stop Loss Policy Not Plan Assets

The DOL has issued an advisory opinion concluding that in the case of a self insured plan, a stop loss policy purchased did not constitute plan assets. Document Excerpt This is in response to your request for guidance on behalf of Schneider Electric Holdings, Inc., and its subsidiary, Schneider Electric USA, Inc., regarding Title I of […]

Central States Application for Benefit Suspension

The Treasury has released Central States Pension Fund’s application for benefits suspension. Document Excerpt Link http://www.treasury.gov/services/Pages/central-states-application.aspx

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