Earlier this year, the US Pension Benefit Guaranty Corporation (PBGC) issued a final rule, modifying PBGC regulations that apply to defined benefit pension plans. Among those changes were revisions to: (i) the reportable...more
Due to an Internal Revenue Service (IRS) change in course published in Notice 2019-18, plan sponsors may now offer retirees lump-sum windows as another pension “de-risking” option. Plan sponsors considering pension de-risking...more
On July 31, 2015, President Obama signed the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015, temporarily extending the Highway Trust Fund to provide continued funding for federal transportation...more
10/20/2015
/ Affordable Care Act ,
Barack Obama ,
Defined Benefit Plans ,
Employee Benefits ,
Employer Mandates ,
Filing Deadlines ,
Form 5500 ,
Form 990 ,
Health Savings Accounts ,
Highway Trust Fund ,
Large Employer ,
Life Insurance ,
New Legislation ,
Pensions ,
Plan Administrators ,
SAR ,
Shared Responsibility Rule ,
Surface Transportation and Veterans Health Care Choice Improvement Act ,
Tax Exempt Entities ,
Time Extensions ,
TRICARE ,
Veterans
The Internal Revenue Service (IRS) recently issued two significant notices for employers that sponsor defined benefit pension plans, particularly those considering lump-sum windows as a “de-risking” option for their plans....more
9/3/2015
/ Benefit Plan Sponsors ,
De-Risking ,
Defined Benefit Plans ,
Funding Requirements ,
Internal Revenue Code (IRC) ,
IRS ,
Lump Sum Offers ,
Lump Sum Payments ,
New Guidance ,
PBGC ,
Pensions ,
Private Letter Rulings ,
Section 401 ,
U.S. Treasury
Employers that sponsor defined benefit qualified retirement plans benefiting only Puerto Rico employees should be aware that Pension Benefit Guaranty Corporation (PBGC) coverage may no longer apply. Last year, the PBGC...more