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Previous Week (Week of Dec. 16) ~ Week of December 30, 1996 ~ Following Week
- 1/1: New York Surcharge on Health Care Services Could Affect Health Plans Nationwide, from
Thompson Publishing Group. The surcharge takes effect today (January 1, 1997).
- 12/30: The IRS voluntary correction program known as the
"Standardized VCR Program," or SVP, is limited to seven types of
operational plan defects. SVP mandates specified forms of correction
for these seven defects. Q&A 9 described the correction required by
SVP where the defect is the failure to return excess elective
deferrals which exceed the 402(g) limit. Is an alternative form of
correction available under VCR? Find out in this week's issue of the Q&A for Plan Defects:
Correction/VCR/CAP column by Reish & Luftman!
- 12/30: What is the mandated correction for failing to timely
pay required minimum distributions under the IRS Standardized VCR
Procedure (SVP)? Find out in this week's issue of the Q&A for Plan Defects:
Correction/VCR/CAP column by Reish & Luftman!
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