|
BenefitsLink Retirement Plans Newsletter
|
|
|
|
|
[Official Guidance]
IRS Extends and Expands Relief, Seeks Comments on Puerto Rico Plans and Group Trusts (PDF)
"IRS Notice 2012-6, to be published on January 17, 2012, extends and expands the transition relief provided under Rev. Rul. 2011-1 and Rev. Rul. 2008-40 for certain retirement plans that qualify under the Puerto Rico Internal Revenue Code and group trusts holding investments by such Puerto Rico-qualified plans."
(Sutherland Asbill & Brennan LLP)
|
|
|
|
[Guidance Overview]
Three Tips for Cycle A Determination Letter Filers
"Use the old Form 5300. . . . Make sure plan amendments are signed and dated. . . . If you detect a serious document problem, commence correction before you file."
(Verrill Dana, LLP)
|
The President's Fiscal Commission and Social Security
"This video features Melissa Favreault, a senior fellow at the Urban Institute's Program on Retirement Policy, discussing the ways the Bowles-Simpson plan would change Social Security, who would be affected the most, and what the timeframe is for taking action."
(Urban Institute)
|
|
|
Ohio Public Employee 'Double-Dipping' Debate Resumes in Legislature
"The bill would prevent someone from collecting a pension check and a salary at the same time. So if a retiree returned to a public job, his or her pension payments would be set aside in a separate account. The employee would get those deferred payments when he or she leaves government employment for good."
(The Columbus Dispatch)
|
|
|
[Opinion]
ASPPA/ACOPA Comments on Proposed Rule Relating to Benefit Determinations and Plan Valuations for Statutory Hybrid Plans
"ASPPA and ACOPA recommend that proposed regulations regarding section 4022 be temporary, effective only for plan terminations occurring before the effective date of final Treasury regulations regarding market rate of return. PBGC should re-propose these rules in a manner that is consistent with the final Treasury regulations after the final market rate of return regulations are issued."
(American Society of Pension Professionals & Actuaries/ASPPA College of Pension Actuaries)
|
[Opinion]
Pension Padding by Connecticut Public Employees
"Armed with data from the comptroller's office, a recent published report focused on the recent retirement of 172 'hazardous-duty employees' (mostly corrections officer) who by contract may begin collecting their pension and lifetime health benefits at any age after only 20 years of service. That allows them to become pensioners in their 40s."
(American-Republican Inc.)
|
|
Benefits in General; Executive Compensation
|
Employers Should Prepare for Some Tax Hikes in 2012
"Regardless of what Congress ultimately decides with the payroll tax, there are a couple of other taxes on the horizon that business owners need to be aware of. They include state and federal unemployment insurance taxes."
(The Washington Post; free registration required)
|
|
Press Releases
|
|
BenefitsLink.com, Inc.
1298 Minnesota Avenue, Suite H
Winter Park, Florida 32789
Phone (407) 644-4146
Fax (407) 644-2151
Jeanette Hull, News Editor
David Rhett Baker, J.D., Editor and Publisher
Lois Baker, J.D., President
Holly Horton, Business Manager
Copyright © 2012 BenefitsLink.com, Inc. All rights reserved.
All materials contained in this newsletter are
protected by United States copyright law and may not be
reproduced, distributed, transmitted, displayed,
published or broadcast without the prior written
permission of BenefitsLink.com, Inc., or in the case of
third party materials, the owner of that content. You
may not alter or remove any trademark, copyright or
other notice from copies of the content.
Links to Web sites other than those owned by
BenefitsLink.com, Inc. are offered as a service to
readers. The editorial staff of BenefitsLink.com, Inc.
was not involved in their production and is not
responsible for their content.
More useful links:
|
|