Advertisement
News
The Pension Benefit Guaranty Corporation (PBGC) on Dec. 23 sent the Office of Management and Budget (OMB) a request for its approval of a revision to its collection of information on locating and paying plan participants. OMB’s approval of the current procedures expires on Dec. 31, 2015.The PBGC...
READ MORE
The Social Security Administration’s Office of the Chief Actuary has issued updated disability and death probability tables. “Disability and Death Probability Tables for Insured Workers Born in 1995” is based on the intermediate assumptions of the 2015 Trustees Report.The report presents estimates...
READ MORE
The IRS Employee Plans office, in the latest issue of Employee Plans News, has issued reminders and links to other information especially useful to plans as the old year ends and a new year begins. It sent Issue 2015-14 on Dec. 21.The latest issue includes: A link to the 2015 Cumulative List of...
READ MORE
After the Dec 23 edition, ASPPA Connect will next appear on Dec. 28. In the meantime, we wish our readers and members a very happy Holiday season.In keeping with the season, we found a sampling of U.S. place names that resonate at this time of year interesting.Angel City, TexasBells, Pa.Blitzen,...
READ MORE
One of the most-cited sources of government data regarding income sources in retirement has revamped its methodology, but in the process led to questions about its reliability of those findings.A new report from the nonpartisan Employee Benefit Research Institute (EBRI) explains that the Annual...
READ MORE
The court in Tussey v. ABB Inc. No. 2:06-cv-04305 (W.D. Mo. Dec. 9, 2015) has awarded attorney fees roughly equal to the total damages assessed in the excessive fee case — but it won’t come close to covering their costs.According to an analysis by Proskauer Rose LLP, the court awarded class counsel...
READ MORE
Education on spousal beneficiary rules on divorced and deceased participants can come through seminars, enrollment meetings and articles in newspapers or pension/IRA periodicals. But they can be found in PPA plan documents as well.In “A Key Beneficiary Provision in PPA Plan Documents,” an article...
READ MORE
Often, correction of a plan’s disqualifying defect(s) can be done only with IRS approval. The IRS may have discovered the defect during an audit, requiring that the problem be resolved through an IRS-approved closing agreement. Or the defect may have been submitted to the IRS for resolution under...
READ MORE
The departing year was a challenging one for many defined benefit plans, so some suggestions regarding what they can do in the year soon to come likely will be welcome. Mercer is happy to oblige, recently outlining key investment issues they can focus on in 2016.Mercer’s suggestions include the...
READ MORE
ASPPA is always providing information and insights that will be valuable to its members! Following is a summary of upcoming webcasts and events.Live WebcastsEPCRS Corrections: Strategies and Negotiation Tips When Dealing with the IRSThursday, Jan. 14, 20162 p.m. - 3:40 p.m. ETSpeakers: Ilene H....
READ MORE