Implementing EEOC Rule for ADA Changes Stalls
December 16, 2008 (PLANSPONSOR.com) - Issuing of a regulatory rule implementing amendments to the Americans with Disabilities Act (ADA) apparently ground to a halt at the Equal Employment...
Compliance
Pension, RMD Relief Waits President's Signature
December 15, 2008 (PLANSPONSOR.com) - Now that the House and Senate have both, by unanimous consent, approved pension relief, the question is - Will the President sign it?
PBGC Goes to Court to End Lehman Brothers Pension
December 12, 2008 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) has initiated court action to end the Lehman Brothers Holdings Inc. Retirement Plan.
RMD Bill Also Includes PPA Technical Corrections
December 11, 2008 (PLANSPONSOR.com) - A broad pension relief measure approved by U.S. House lawmakers that includes a one-year required minimum distribution moratorium also features a variety of...
IRS Offers Relief on 403(b) Written Plan Requirement
December 11, 2008 (PLANSPONSOR.com) - The IRS issued a notice on Thursday announcing relief for 403(b) plans that do not have a written plan in place by January...
Pension Relief Bill with RMD Moratorium Slides Through U.S. Senate
December 11, 2008 (PLANSPONSOR.com) - A day after U.S. House lawmakers unanimously okayed a pension reform measure, the Senate followed suit with its own unanimous approval of the...
Hartford Stock Drop Cases Accumulate
December 10, 2008 (PLANSPONSOR.com) - Hartford Financial Services Group Inc. has been hit with two new stock drop class action lawsuits alleging a fiduciary breach by continuing to...
Two RMD Delay Bills Filed
December 10, 2008 (PLANSPONSOR.com) - Two Republican U.S. Senators have introduced proposals to delay enforcement of retirement plan required minimum distribution (RMD) rules because of the struggling economy.
IRS Publishes Additional 409A Reporting, Withholding Instructions
December 10, 2008 (PLANSPONSOR.com) - According to Section 409A guidance issued Wednesday by the U.S. Treasury Department and the Internal Revenue Service (IRS), an employer is not required...
House Passes Pension, RMD Relief
December 10, 2008 (PLANSPONSOR.com) - The U.S. House of Representatives passed the Worker, Retiree and Employer Recovery Act of 2008 by unanimous consent.
PBGC Looking for Securities Lending Partners
December 9, 2008 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) has issued a Request for Information (RFI) to assess the viability of expanding its securities lending program...
IRS Issues Final 409A(a) Relief Procedures
December 5, 2008 (PLANSPONSOR.com) - Just over a year to the day after Internal Revenue Service (IRS) officials first proposed a series of procedures for correcting income inclusion...
2nd Circuit Says Adviser Cannot Sue on Behalf of Clients
December 5, 2008 (PLANSPONSOR.com) - The 2nd U.S. Circuit Court of Appeals has ruled that an investment adviser with the authority to make investment decisions and power of...
Employer Cleared in Conversion Distribution Dispute
December 5, 2008 (PLANSPONSOR.com) - A federal judge in Kentucky has cleared an employer of charges it violated the Employee Retirement Income Security Act (ERISA) by not including...
SF Officials: Leave Our Health-Coverage Mandate Alone
December 5, 2008 (PLANSPONSOR.com) - San Francisco officials trying to defend their ordinance mandating employers to contribute to certain employees' health care costs have asked a federal appellate...
Termination of Retiree Medical Benefits not Age Discriminatory
December 4, 2008 (PLANSPONSOR.com) - The U.S. District Court for the District of Kansas has determined that Embarq Corp. and its former wireless company owner Sprint Nextel Corp....
Employer Groups Watch AT&T Pregnancy Discrimination Case
December 4, 2008 (PLANSPONSOR.com) - Employers' groups are watching a pending U.S. Supreme Court case that could decide whether federal mandates for protections against pregnancy discrimination - including...
A Different Kind of 'Excessive Fees' Case…
December 4, 2008 (PLANSPONSOR.com) - The U.S. District Court for the Nortern District of Texas has denied class action certification for a case in which a hospital employee...
IRS Extends FSA Debit Card Compliance Deadline
December 4, 2008 (PLANSPONSOR.com) - The Internal Revenue Service (IRS) has given drugstores and pharmacies some more time to gear up for new flexible spending account processing requirements.
Govt. Lawyers Urge U.S. High Court to Pass on AK Steel Pension Appeal
December 3, 2008 (PLANSPONSOR.com) - Bush Administration lawyers have urged the U.S. Supreme Court to turn away an employer's attempt to appeal a $46-million award in a participant...