The Federal Emergency Management Agency (FEMA) has issued a disaster declaration for South Carolina Hurricane Ian, beginning September 25, 2022.
The Senate has confirmed Lisa Gomez as Assistant Secretary of Labor for the Employee Benefits Security Administration by a 49 to 36 vote.
Senators Tim Scott (R-SC), and Pat Toomey (R-PA), along with Representative Peter Meijer (R-MI), have introduced the Retirement Savings Modernization Act in the Senate and House respectively.
The Federal Emergency Management Agency (FEMA) has issued a disaster declaration for Florida Hurricane Ian, beginning September 23, 2022.
The IRS has announced the postponement of certain tax-related deadlines for victims of severe storm, flooding, and landslides in Alaska.
The IRS has posted Form 4972, Tax on Lump-Sum Distributions, for tax year 2022.
The IRS issued Notice 2022-45 which extends the deadline for amendments to retirement plans and IRAs to adopt some provisions relating to distributions and loans under the CARES Act and the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (Relief Act).
Effective September 21, 2022, the Federal prime interest rate increased from 5.50 percent to 6.25 percent.
The IRS has issued Revenue Ruling 2022-18, which contains the applicable federal rates (AFR) for October 2022.
The PBGC has issued updated interest rate assumptions for benefit payments in terminating single-employer defined benefit (DB) pension plans.