The Pension Benefit Guarantee Corporation (PBGC) has issued a final rule updating interest assumptions under the asset allocation regulation for plans with valuation dates in the second quarter of 2024. These interest assumptions are used for valuing benefits under terminating single-employer plans. The rule is effective April 1, 2024.
Regulatory and Legislative
The Department of Labor has released a final amendment updating the Voluntary Fiduciary Correction Program.
Regulatory and Legislative
The Office of Management and Budget has completed review of a proposed rule from the Department of Labor titled "Worker Ownership, Readiness, and Knowledge”.
Regulatory and Legislative
The IRS has announced the postponement of certain tax-related deadlines for victims of California affected by wildfires and straight-line winds until October 15, 2025.
