PBGC Staffers Update Qs & As with Practitioners

Document Excerpt The PBGC has updated its online responses to frequently asked practitioner questions. Link https://www.pbgc.gov/prac/staff-responses-prac-questions?utm_medium=email&utm_source=govdelivery

DOL Announces Inflation-Adjusted ERISA Penalties

The DOL has announced inflation-adjusted penalties including for violations of ERISA. https://www.dol.gov/asp/2019-inflation-adjustments.pdf

Representative Neal Introduces Legislation To Shore Up Failing Multiemployer Plans

Document Excerpt House Ways and Means Committee Chairman Richard Neal introduced legislation designed to shore up failing multiemployer pension plans. The legislation known as the Rehabilitation for Multiemployer Pensions Act would establish a new federal agency known as the Pension Rehabilitation Administration with the authority to issue bonds to provide financing to such plans. Linkhttps://waysandmeans.house.gov/media-center/press-releases/neal-introduces-bipartisan-legislation-address-multiemployer-pension

IRS Releases Annual Guidance

The IRS has released its annual guidance including Revenue Procedure 2019-4 providing guidance on obtaining a determination letter. https://www.irs.gov/irb/2019-01_IRB

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