IRS Posts Updated DB Plan Yield Curves and Segment Rates
The IRS has posted Notice 2020-81, guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.
Extended Due Date for Single-Employer DB Contributions
The IRS has clarified that contributions to single-employer DB plans due January 1, 2021, under the CARES Act are considered timely if they are made no later than January 4, 2021.
DOL Final ESG Guidance Published
The DOL’s final rule on environmental, social, and governance (ESG) investments is published in the Federal Register.
DOL Releases Final ESG Guidance
The DOL has posted a final rule regarding guidance initially focused on restricting the use of environmental, social, and governance (ESG) investments.
Updated Yield Curves and Segment Rates for DB Plans
The IRS has posted Notice 2020-77, guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.
PBGC’s November Interest Rate Assumptions for DB Calculations
Interest assumptions for benefit payments with valuation dates in November 2020 to be published in the October 15, 2020 Federal Register.
Treasury and SBA Announce Simpler PPP Loan Forgiveness Form
Treasury and SBA have announced a “simpler” version of the form used by recipients of Paycheck Protection Program (PPP) business loans of $50,000 or less to request loan forgiveness.
House Passes Revised Pandemic Relief Bill, Disagreements Remain
The House of Representatives has passed a revised version of the HEROES Act estimated at $2.2 trillion to provide pandemic relief.
Prospects Questionable for New Pandemic Relief Bill
The House of Representatives has released text of a revised COVID-19 pandemic relief bill, expected to be voted on this week before the House recesses for pre-election campaigning.
Default Withholding Rate for Periodic Retirement Plan Distributions
The IRS has issued a pre-publication version of final regulations on the default tax withholding rate to be applied to periodic and annuitized distributions from retirement plans.
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