IRS Issues Guidance on Funding Relief for Multiemployer DB Plans
The IRS has released Notice 2021-57, providing guidance for multiemployer defined benefit (DB) plans receiving funding relief under the American Rescue Plan Act of 2021.
Updated Yield Curves and Segment Rates for DB Plans
The IRS has issued Notice 2021-54, which contains updated guidance on factors used in certain DB pension plan minimum funding and present value calculations.
PBGC Issues Interest Rate Assumptions for DB Plans
The PBGC has issued updated interest rate assumptions for benefit payments in terminating single-employer DB pension plans.
DOL Releases Proposed Revisions to Form 5500 Reporting
The DOL’s EBSA, in conjunction with the IRS and PBGC, have released proposed forms revisions modifying requirements for Form 5500, Annual Return/Report of Employee Benefit Plan, reporting.
IRS Priority Guidance Plan Includes Retirement Items
The IRS has issued its initial 2021-2022 Priority Guidance Plan, in which it describes guidance projects in the current fiscal year.
Deadline Relief for Hurricane Ida Victims
The IRS has issued news releases IR-2021-175 and LA-2021-04 announcing the postponement of certain tax-related deadlines for Hurricane Ida victims in Louisiana.
IRS Deadline Relief for Tennessee Storms Victims
The IRS has issued a news release announcing the postponement of certain tax-related deadlines for Tennessee victims of severe storms and flooding.
IRS Deadline Relief for California Wildfire Victims
The IRS has issued a news release announcing the postponement of certain tax-related deadlines for California wildfire victims.
Updated Yield Curves and Segment Rates for DB Plans
The IRS has issued Notice 2021-50, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.
Guidance Issued for Single-Employer DB Funding Rules
The IRS has issued Notice 2021-48, providing guidance about changes to the funding rules for single-employer defined benefit pension plans that were made by ARPA.
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