PBGC Proposes Rule Addressing Withdrawal Liability for Multiemployer Plans
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.
2023 Taxable Wage Base Announced
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.
Deadline Relief for South Carolina Victims of Hurricane Ian
The IRS has announced the postponement of certain tax-related deadlines for victims of Hurricane Ian in South Carolina.
Gomez Confirmed as Assistant Secretary of Labor for EBSA
The Senate has confirmed Lisa Gomez as Assistant Secretary of Labor for the Employee Benefits Security Administration by a 49 to 36 vote.
Retirement Savings Modernization Act Introduced
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.
PBGC Issues Interest Rate Assumptions for DB Plans
The PBGC has issued updated interest rate assumptions for benefit payments in terminating single-employer defined benefit (DB) pension plans.
Senate Finance Committee Formally Introduces EARN Act
Senators Ron Wyden (D-OR) and Mike Crapo (R-ID), Senate Finance Committee Chair and Ranking Member, have introduced S.4808, the Enhancing American Retirement Now (EARN) Act.
DOL Invites Public Hearing on QPAM Exemption
The DOL is extending the comment period for receiving written comments related to prohibited transaction class exemption 84-14 (the Proposed QPAM Amendment) to October 11, 2022.
DOL to Reopen Comment Period for Proposed Prohibited Transaction Procedure
The DOL has announced a public hearing scheduled for September 15, 2022.
Retirement Protection Act Proposed in House
Representatives David Schwikert (R-AZ) and Byron Donalds (R-FL) have introduced H.R. 8579, the Retirement Protection Act.
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