Representative Neal Introduces Automatic IRA Act of 2024 Bill
Representative Richard Neal (D-MA), House Ways and Means Committee Ranking Member, has introduced the Automatic IRA Act of 2024.
Bill Introduced to Require PBGC to Recover Special Financial Assistance Overpayments
Senator Bill Cassidy and Rep. Virginia Foxx introduced the GHOST Act.
Agencies Release Reporting and Disclosure RFI Under SECURE 2.0
The Department of Treasury, the Department of Labor, and the Pension Benefit Guaranty Corporation have released a Request for Information pursuant to Section 319 of SECURE 2.0.
DOL Releases Proposed Regulation on Automatic Portability Under SECURE 2.0
The Department of Labor has announced the release of a proposed regulation on automatic portability transactions pursuant to Section 120 of SECURE 2.0.
DOL Posts FAQs on PLESAs Under SECURE 2.0
The Department of Labor has announced the release of a set of frequently asked questions intended to provide general compliance information.
IRS Finalizes Rule to Update Minimum Present Value Requirements for DB Plan Distributions
The IRS has issued a final rule to update minimum present value requirements for defined benefit plan distributions.
OMB Completes Review of DOL Automatic Portability Exemption Proposal
A Department of Labor proposed rule titled Exemption for Certain Automatic Portability Transactions has been removed from the Office of Management and Budget’s list for review.
IRS Issues Limited Guidance for PLESAs Under SECURE 2.0
The IRS has released Notice 2024-22, providing guidance on anti-abuse rules under Section 127 of the SECURE 2.0 Act with respect to Pension-Linked Emergency Savings Accounts.
PBGC Announces 2024 Inflation Adjustments for Civil Penalties
The Pension Benefit Guaranty Corporation has published in the Federal Register inflation-adjusted penalty amounts for failure to provide certain notices or other material information.
DOL Issues Final Rule to Clarify Employee or Independent Contractor Status
The Department of Labor Wage and Hour Division has issued a news release and final rule to clarify whether a worker qualifies as an employee or an independent contractor under the Fair Labor Standards Act.
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