legislative updates

Mental Health Matters Act Passes House

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.

FuturePlan ERISA Team

Healthcare Reform

Legislative updates

Treasury Issues Final Rule on Employer-Sponsored Coverage and Premium Tax Credit

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.

FuturePlan ERISA Team

Legislative updates

Defined Contribution Plan

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.

FuturePlan ERISA Team

Legislative updates

Defined Contribution 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.

FuturePlan ERISA Team

Legislative updates

Defined Contribution Plan

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.

FuturePlan ERISA Team

Legislative updates

Defined Contribution Plan

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.

FuturePlan ERISA Team

Legislative updates

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.

FuturePlan ERISA Team

Legislative updates

Defined Contribution Plan

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.

FuturePlan ERISA Team

Legislative updates

Defined Benefit Plan

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.

FuturePlan ERISA Team

Legislative updates

IRA

Defined Contribution Plan

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.

FuturePlan ERISA Team

DOL

Defined Contribution Plan

Legislative updates

No Results