Legislation Proposed to Promote Retirement Plan Lifetime Income Options
Legislation to promote retirement plan lifetime income options has been reintroduced by Representatives Donald Norcross (D-NJ) and Tim Walberg (R-MI).
COVID-19 Relief Extended for Another Year
On February 18, 2022, the President once again extended the national emergency until February 28, 2023.
IRS Issues Proposed Regulations for Required Minimum Distributions
The IRS has released proposed regulations relating to required minimum distributions from qualified plans.
Updated Yield Curves and Segment Rates for DB Plans
The IRS has issued Notice 2022-9, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.
PBGC Updates Selection Criteria for Standard Termination Audits
The PBGC has updated the “What’s New for Employers & Practitioners” page of its website to indicate that the audit selection methodology has been revised.
DOL Issues RFI
The Department of Labor has published a RFI seeking what actions, if any, the department should take to protect retirement savings from risks associated with climate change.
SEC Proposes Requirements to Mitigate Cybersecurity Threats
The Securities and Exchange Commission (SEC) has released a proposed rule “Cybersecurity Risk Management for Investment Advisers, Registered Investment Companies, and Business Development Companies”.
2022 Cumulative List of Changes for Pre-Approved 403(b) Plans
The IRS has issued Notice 2022-8, which contains the 2022 cumulative list of changes in requirements that must be taken into account by drafters of pre-approved 403(b) retirement plan documents for Cycle 2.
Updated Yield Curves and Segment Rates for DB Plans
The IRS has issued Notice 2022-7, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.
PBGC’s 2022 Inflation Adjustments for Civil Penalties
The PBGC has published inflation-adjusted penalty amounts for failure to provide certain notices or other material information.
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