U.S. House Members Demand 2008 RMD Relief from Bush
December 24, 2008 (PLANSPONSOR.com) - Refusing to give up the battle over granting the same relief from required minimum distribution (RMD) rules in 2008 that has been granted...
Compliance
Federal Judge Allows Ford ESOP Suit to Move Forward
December 24, 2008 (PLANSPONSOR.com) - The U.S. District Court for the Eastern District of Michigan has denied a motion to dismiss a case brought by participants of Ford...
IRS Permits More Frequent Investment Changes for 529 Plan Investors
December 24, 2008 (PLANSPONSOR.com) - The Internal Revenue Service (IRS) has set forth a special rule under which a Section 529 program may permit investments in a section...
4th Circuit Takes New Approach on Conflict of Interest Case
December 23, 2008 (PLANSPONSOR.com) - A federal appeals court has changed the standard of review it applied to a benefits denial case because of a recent closely watched...
PBGC Releases 2009 Data for PPA-Limited Distributions
December 23, 2008 (PLANSPONSOR.com) - In line with its responsibility under the Pension Protection Act (PPA), the Pension Benefit Guaranty Corporation (PBGC) has provided 2009 data for the...
Bush SIgns RMD, Pension Relief Bill
December 18, 2008 (PLANSPONSOR.com) - President George W. Bush on Tuesday signed into law a broad pension relief bill that includes a one-year moratorium on required minimum distribution...
Treasury Ducks 2008 RMD Relief
December 22, 2008 (PLANSPONSOR.com) - Retirees hoping for the gift of some government intervention on the calculation of requirement minimum distributions just got some coal in their stockings...
DoL Provides Updated FMLA Poster, Forms
December 22, 2008 (PLANSPONSOR.com) - The Department of Labor (DoL) announced a revised Family and Medical Leave Act (FMLA) poster, reflecting the recently published final rule, is now...
Benefits May Be Deferred Comp, but Still Deducted by Employer for Current Year
December 19, 2008 (PLANSPONSOR.com) - In a Technical Advice Memorandum, the Internal Revenue Service addressed the timing of an employer's tax deduction for self-insured medical plan payments to...
PBGC Takes on Another Hospital Pension Plan
December 19, 2008 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) announced it has assumed responsibility for the pension plan that covers about 1,860 former employees of Pascack...
Benefits TPA Cleared in New York Legal Battle
December 19, 2008 (PLANSPONSOR.com) - A federal judge in New York has cleared a Buffalo benefits TPA of wrongdoing in a denial of benefits dispute involving a participant's...
Boehner Takes Solis to Task on Card Check
December 19, 2008 (PLANSPONSOR.com) - U.S. House Minority Leader John Boehner (R-Ohio) has fired a PR shot at Secretary of Labor nominee Representative Hilda Solis for her support...
EBSA FY 2008 Enforcement Reaps $1.2B, 101 Indictments
December 18, 2008 (PLANSPONSOR.com) - The U.S. Department of Labor Employee Benefits Security Administration (EBSA) recognized $1.2 billion in monetary results and helped spark 101 criminal indictments in...
Employers Report to Employment Screening Services Leads to Libel Suit
December 18, 2008 (PLANSPONSOR.com) - A libel suit that recently received approval from a federal district court judge suggests that employers must proceed with caution when reporting workplace...
WV Court Rules ERISA Subrogation Claims Belong in Federal Court
December 18, 2008 (PLANSPONSOR.com) - The West Virginia Supreme Court of Appeals has ruled that a medical plan fiduciary or administrator has to sue in federal court to...
IRS Releases 2009 Covered Comp Figure
December 18, 2008 (PLANSPONSOR.com) - For purposes of determining contributions to defined benefit plans and permitted disparity in defined contribution plans for the 2009 plan year, the taxable...
EBSA Releases 2008 M-1 Form for MEWAs
December 17, 2008 (PLANSPONSOR.com) - The U.S. Department of Labor's Employee Benefits Security Administration (EBSA) on Wednesday announced the availability of the 2008 Form M-1 annual report for...
White House Confirms Bush to Sign RMD Bill
December 17, 2008 (PLANSPONSOR.com) - President George Bush will sign into law a bill suspending a requirement that seniors take a required minimum distribution (RMD) from retirement accounts...
Obama to Tap Schapiro to Head SEC: Reports
December 17, 2008 (PLANSPONSOR.com) - President-elect Barack Obama has reportedly chosen Mary Schapiro, CEO of the Financial Industry Regulatory Authority (FINRA), to chair the Securities and Exchange Commission.
Segal Discusses Pension Relief Bill Implications for Multiemployer Plans
December 16, 2008 (PLANSPONSOR.com) - The Worker, Retiree and Employer Recovery Act of 2008, awaiting President Bush's signature, will require important decisions by trustees of defined benefit pension...