Amid Legislative Push for Crypto in Pensions, New Report Urges States to Enact Prohibitions
As a growing number of U.S. states consider or enact legislation allowing public pension funds to invest in cryptocurrency, a …
PBGC Releases FY 2022 Annual Report, Biden Names Advisory Committee Members
The Pension Benefit Guaranty Corporation (PBGC) on November 15 released its Fiscal Year 2022 Annual Report. (PBGC Press Release No. …
Companies Already Have Implementation Questions on SEC’s New Pay vs. Performance Rule
The Securities and Exchange Commission’s Division of Corporation Finance (CorpFin) staff has already been getting implementation inquiries about the commission’s …
PBGC Issues Final Rule on SFA for Financially Troubled Multiemployer Pension Plans
The Pension Benefit Guaranty Corporation (PBGC) has published a final rule that sets forth the requirements for special financial assistance …
IRS Issues Proposed REGs to Determine Present Value in Defined-Benefit Plans
The IRS has issued proposed regulations containing mortality tables for determining present values under defined benefit pension plans. Background. Code …
Institutional Investor Group: Public Pensions Not Making New Russia Investments
The Council of Institutional Investors (CII) said it is not aware of any new direct or indirect investments in Russia …
House Passes ARPA COVID-19 Relief Bill
The House on Wednesday passed the $1.9 trillion American Rescue Plan Act of 2021 (ARPA, HR 1319). The Senate passed …
Final REGs on Income Tax Withholding on Certain Periodic Retirement and Annuity Payments
The IRS has issued final regs updating the federal income tax withholding rules for certain periodic retirement and annuity payments …
IRS extends closed defined benefit plan nondiscrimination relief to pre-2021 plan years
Notice 2019-49, 2019-37 IRB In a Notice, IRS has extended for one more year, i.e., for plan years beginning before …
Temporary Penalty Relief for Form 5500 Reporting by Multiple Employer Plans
The Employee Benefits Security Administration (EBSA) of the Department of Labor (DOL) has announced that it is giving transition relief …