69 pages; rev. Mar. 20, 2023. "What's New: [1] Disaster tax relief.... [2] Excise tax relief for certain 2022 required minimum distributions.... [3] Required minimum distributions (RMDs).... [4] Qualified charitable distribution one-time election.... [5] Certain corrective distributions not subject to 10% early distribution tax.... [6] Substantially equal payments clarified.... [7] Excise tax rate for excess accumulations reduced.... [8] Distributions to terminally ill individuals.... [9] Tax treatment of IRA involved in a prohibited transaction. "  MORE >>

"[IRS Notice 2023-27] suggest that many NFTs may be considered 'collectibles' ... [T]he acquisition of a collectible by an IRA or an individually-directed account under a tax-qualified plan will be treated as a taxable distribution equal to the cost of the collectible ... [It] is unclear what the treatment will be of NFTs that were already acquired and are being held in a retirement account, but only deemed collectibles upon the effective date of final IRS guidance."  MORE >>

"The cap on the mortality improvement rates will lower liability amounts, resulting in reduced minimum required contributions and [PBGC] premiums for underfunded plans.... [T]he termination of the indexing on the PBGC variable rate premium will further reduce costs for certain underfunded plans. The benefit accrual rules for cash balance plans using a variable interest crediting rate are changing, providing potential opportunity for plans ... to provide higher accruals for older, longer-service employees."  MORE >>

"This article summarizes state and local retirement initiatives for private-sector workers and rounds up relevant ... resources."  MORE >>

"There is, in essence, a structural barrier to the payout of benefits across the board to the American workforce.... [T]he few bad apples, when combined with the inherent barriers to full payment of employees that are baked into the system, complicates and reduces retirement and benefit payouts to the American workforce as a whole[.]"  MORE >>

"[T]he 215th open meeting of the [ERISA Advisory Council] will be held on Friday, May 5, 2023 ... [in] Washington, DC ... The meeting will also be accessible via teleconference and some participants, as well as members of the public, may elect to attend virtually.... The purpose of the open meeting is to set the topics to be addressed by the Council in 2023. Also, the ERISA Advisory Council members will receive an update from leadership of [EBSA]."  MORE >>