Excepted Benefits, Lifetime and Annual Limits; Short-Term Insurance

The Departments have issued additional guidance, not yet published, but available in the unpublished form at this location. Document Excerpt Link https://www.federalregister.gov/documents/2016/10/31/2016-26162/excepted-benefits-lifetime-and-annual-limits-and-short-term-limited-duration-insurance

DOL FAQ on Conflict Of Interest Rules

The DOL has released its first FAQ on implementing the DOL’s conflict of interest regulations which go into effect next year. Document Excerpt The preambles to the final Rule and exemptions include detailed explanations of their relevant terms and provisions, as well as descriptions of the purposes and principles that motivated this rulemaking. In addition […]

Mental Health and Substance Use Disorder Parity Compliance Assistance Index

The Departments have released a Mental Health and Substance Use Disorder Parity Compliance Assistance Materials Index pointing out the various locations where substantive guidance can be found. Document Except The Departments have developed this catalogue as a compilation of subregulatory guidance and compliance assistance materials that aim to assist plans, issuers and TPAs as they […]

FAQ Affordable Care Act Implementation Part 34

Released is the most recent FAQ Affordable Care Act Implementation regarding Mental Health and Substance Abuse Parity. Document Excerpt Set out below are additional Frequently Asked Questions (FAQs) regarding implementation of the market reform provisions of the Affordable Care Act and the Paul Wellstone and Pete Domenici Mental Health Parity and Addiction Equity Act of […]

IRS Announces 2017 Retirement Plan Limits

The IRS has announced the various contribution and benefit limits that will apply to retirement plans in 2017. Document Excerpt Section 415 of the Internal Revenue Code (the Code) provides for dollar limitations on benefits and contributions under qualified retirement plans. Section 415(d) requires that the Secretary of the Treasury annually adjust these limits for […]

FAQ ACA Implementation Part 33

The agencies release Frequently Asked Questions on Implementation of the Affordable Care Act Part 33. Document Excerpt Set out below is an additional Frequently Asked Question (FAQ) regarding implementation of the market reform provisions of the Affordable Care Act. This FAQ has been prepared jointly by the Departments of Labor (DOL), Health and Human Services […]

PBGC Announces 2017 Premium Rates

The PBGC has announced premium rates for 2017. Document Excerpt The per-participant flat premium rate for plan years beginning in 2017 is $69 for single-employer plans (up from a 2016 rate of $64) and $28 for multiemployer plans (up from a 2016 rate of $27). For plan years beginning in 2017, the variable-rate premium (VRP) […]

Field Directive for EP on Determination Letters for Pension Equity Plans

The IRS has released a Field Directive governing determination letter request for Pension Equity Plans. Document Excerpt This memorandum supersedes memorandum #TEGE-07-1114-0028, dated October 9, 2014, and provides direction to EP (R&A) employees on the application of the accrued benefit rules under section 411(b)(1)(G) of the Internal Revenue Code (IRC) to pending requests for determination […]

Disaster Relief for Parts of North Carolina

The PBGC has announced disaster relief for those affected by Hurricane Mathew in North Carolina. Document Excerpt The disaster area consists of Beaufort, Bladen, Columbus, Cumberland, Edgecombe, Hoke, Lenoir, Nash, Pitt, and Robeson Counties. Link http://www.pbgc.gov/prac/other-guidance/dr/dr16-12.html

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