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”.
New Guidance Related to Over-the-Counter COVID-19 Tests
Group health plans and health insurance issuers must provide benefits for certain items and services related to testing for the detection and diagnosis of COVID-19.
Legislation Proposed to Permit HSAs for Children
The Child Health Savings Account Act of 2022 would expand HSA contribution eligibility requirements by allowing parents to contribute and deduct up to $3,000 each year to their childrens’ HSAs.
Legislation Proposed to Expand Group Health Plan Coverage
The Family Plus Health Care Act of 2022 (H.R. 6508) aims to expand group health plan coverage.
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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