Following a summary of the week's news, HRadio looks at cross-border transactions in India, China and Southeast Asia; results of a Mercer survey of employer-sponsored health plans in the US; and HR challenges in New Zealand. (Podcast, 6 Jan 2009) More
Pension plans that integrate using covered compensation face a key question: Can benefits decline solely because covered compensation increases? The IRS's informal position is that the decline is not permissible, but one court has ruled otherwise.
(GRIST,
6 Jan 2009, 5 pages)
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A final rule issued by the Department of Labor maps out how penalties may be assessed for failing to provide certain retirement plan notices required by PPA, and how plan administrators may contest a penalty.
(Select News,
5 Jan 2009)
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How is the economic downturn affecting US employers' health care plans? Mercer's Beth Umland reviews results of a national Mercer survey on employer-sponsored health plans in the US and strategies employers are using to address rising costs. (Podcast, 5 Jan 2009) More
Under new PBGC guidance, employers terminating pension plans in 2008-2011 plan years will calculate minimum lump sums by continuing to phase in PPA lump sum interest rates after the plan termination date.
(GRIST,
5 Jan 2009, 1 page)
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The IRS, PBGC, Social Security Administration and CMS have released 2009 cost-of-living adjustments for Social Security, Medicare, retirement plans, and other health and fringe benefits.
(GRIST,
5 Jan 2009, 13 pages)
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A voluntary employees' beneficiary association (VEBA) can't avoid unrelated business income tax by treating costs as paid first from the VEBA's investment income, the Court of Federal Claims has ruled, rejecting a tactic allowed by the Sixth Circuit.
(GRIST,
31 Dec 2008, 4 pages)
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PBGC has issued final rules implementing PPA changes to multiemployer pension plan withdrawal liability calculations. The final rules are generally effective Jan. 29, 2009, although certain changes may be retroactive. (Select News, 30 Dec 2008) More
The IRS has released the 2009 version of Publication 15-B, "Employer's Tax Guide to Fringe Benefits." (Select News, 26 Dec 2008) More
Effective Jan. 1, 2009, revisions to the Americans with Disabilities Act broaden legal protections for individuals with disabilities. Along with reviewing HR policies for compliance, employers should ensure managers are informed of the changes.
(GRIST,
24 Dec 2008, 6 pages)
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