Legislation Introduced to Aid Struggling Defined Benefit Plans
House Ways and Means Committee Chairman Richard Neal (D-MA) has introduced in the initial days of the 117th Congress the Emergency Pension Plan Relief Act (EPPRA) of 2021.
IRS Posts Updated DB Plan Yield Curves and Segment Rates
The IRS has issued updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.
DOL Guidance for Plans Facing Missing Participant Issues
The EBSA has released a three-part guidance package for retirement plan fiduciaries dealing with missing or unresponsive participants.
IRS Addresses Tax Benefits Related to PPP Loans
The IRS has issued Revenue Ruling 2021-02 guidance related to tax benefits associated with PPP loans.
COVID Relief and Government Funding Legislation Delayed
Legislation for a new round of economic relief for victims of the COVID-19 pandemic and extend funding for federal government agencies remains in pending status.
Congress Approves Additional COVID Relief
Agreement reached on a new round of economic relief for victims of the COVID-19 pandemic.
IRS Announces Deadline Relief for Alabama Hurricane Zeta Victims
The IRS announced the postponement of certain tax-related deadlines for Alabama victims of Hurricane Zeta.
IRS Posts Updated DB Plan Yield Curves and Segment Rates
The IRS has posted Notice 2020-87, guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.
PBGC Seeks Information on Roth Data and Foreign-Source Income
The PBGC has requested from the OMB permission to continue collecting information on retirement plan missing participant accounts.
PBGC Publishes Age Table for 2021 Valuations in DB Plans
The PBGC final regulations with an updated age table for determining benefits in single-employer DB pension plans undergoing distress or involuntary termination are available.
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