News

H. R. 7780, the Mental Health Matters Act, has passed the House and has been referred to the Senate Committee on Health, Education, Labor & Pensions.

The Pension Benefit Guarantee Corporation has determined premium rates applicable for the 2023 plan year in accordance with indexing rules provided in section 4006 of ERISA.

The Department of Treasury has issued a final rule amending the affordability determination used to determine a family’s eligibility for the premium tax credit.

The PBGC is proposing to provide interest rate assumptions that may be used by a plan actuary in determining a withdrawing employer’s liability under a multiemployer plan.

The Social Security Administration has announced the 2023 adjustments for benefits and certain other limitations that are subject to annual cost-of-living adjustment (COLA) indices.

The DOL Wage and Hour Division has released a proposed rule titled Employee or Independent Contractor Classification Under the Fair Labor Standards Act that is scheduled to be published on October 13, 2022.

The IRS has released Notice 2022-53, announcing its intent to issue final regulations related to RMDs that will apply no earlier than the 2023 distribution calendar year.

The IRS has issued a notice and request for comments related to Form 5558, Application for Extension of Time to File Certain Employee Plan Returns.

The IRS has announced the postponement of certain tax-related deadlines for victims of Hurricane Ian in South Carolina.

The IRS has announced the postponement of certain tax-related deadlines for victims of Hurricane Ian in North Carolina.