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The Office of Management and Budget (OMB) has issued a comprehensive report on the regulatory agenda of the Pension Benefit Guaranty Corporation (PBGC) for fall 2018.
Proposed Rules
The OMB lists the following as proposed rules the PBGC is now considering:
Valuation Assumptions and Methods:...
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The Office of Management and Budget has completed its review of the Labor Department’s proposal for expanding access to multiple employer retirement plans.
It was less than a month ago that the Labor Department delivered its proposed rule to OMB, which in turn was less than a month after President...
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The IRS is providing additional relief for taxpayers in any area the Federal Emergency Management Administration (FEMA) has designated as a major disaster area in the wake of Hurricane Florence and Hurricane Michael. Among the steps the IRS has taken is to further extend the Oct. 15 extension...
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In his most recent blog post about best practices, ERISA attorney Fred Reish explores retirement income projections as a way to better serve plan participants.
Reish explains why he includes retirement income projections among the best practices he suggests for plan sponsors. “Best practices are...
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As you can see, the ASPPA website looks different – cleaner, more modern, and certainly better when viewed on a mobile device, as a growing number of members do.
While we have retained nearly all of the resources previously available on the old site, we have done some reorganizing, and retitled...
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Health savings accounts (HSAs) are a high-value option with triple tax benefits that help employees prepare for health care costs in retirement, but many employees continue to miss out on the benefits, according to a new study.
Willis Towers Watson’s 2018 Health Accounts Employee Attitudes Survey...
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Social Security and Supplemental Security Income (SSI) benefits for more than 67 million Americans will increase 2.8% in 2019, the Social Security Administration announced Oct. 11.
The 2.8% cost-of-living adjustment (COLA) will begin with benefits payable to beneficiaries in January. For SSI...
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The IRS has announced that it has granted tax relief certain victims of Hurricane Michael in Florida. The IRS action includes relief from penalties on payroll and excise tax deposits due on or after Oct. 7, 2018, and before Oct. 22, 2018, which it says will be abated as long as the deposits are...
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The tail end of hurricane season — and more specifically the disastrous flooding of Hurricane Florence — brins to mind my last serious brush with nature’s fury.
It was 2011, and we had just dropped our youngest off for his first semester of college in North Carolina, stopped off long enough in...
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With a 20-year history, many Americans have heard of the Roth IRA and its benefit of taking tax-free withdrawals during retirement. Some have heard of the Backdoor Roth — making nondeductible contributions to traditional IRAs and converting them to Roth IRAs. A new Roth savings strategy, being...
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