regulatory and legislative

The Internal Revenue Service has issued Notice 2024-53, which contains updated guidance on factors used in certain defined benefit pension plan minimum funding and present value calculations.

The IRS has issued Revenue Ruling 2024-13, which contains the applicable federal rates (AFR) for July 2024.

The Federal Emergency Management Agency issued a Major Disaster Declaration on June 14, 2024, for Oklahoma severe storms, straight-line-winds, tornadoes and flooding.

Employers may now treat an employee’s qualified student loan payments like elective deferrals or after-tax contributions for purposes of providing an employer matching contribution.

The Federal Emergency Management Agency issued a Major Disaster Declaration on June 10, 2024, for Idaho severe storms, flooding, landslides and mudslides.

The Department of Treasury has issued a request for information from the financial services sector on potential opportunities and risks related to the use of Artificial Intelligence.

The Federal Emergency Management Agency issued a Major Disaster Declaration on June 10, 2024, for Mississippi severe storms, straight-line-winds, tornadoes, and flooding.

The IRS has announced the postponement of certain tax-related deadlines for victims of Kentucky severe storms, straight-line winds, tornadoes, landslides, and mudslides.

The IRS has announced the postponement of certain tax-related deadlines for victims of West Virginia severe storms, straight-line winds, tornadoes, flooding, landslides, and mudslides.

The Pension Benefit Guaranty Corporation has released a final rule titled Valuations Assumptions and Methods.