Pension & Benefits NetNews – September 4, 2018

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Illinois issues withholding tables for exemption increase

Illinois has issued revised withholding tables to reflect a new personal exemption amount. The personal exemption amount has increased from $2,000 to $2,225 for 2018. The change is retroactive until January 1, 2018. The increase is the result of recently enacted S.B. 1427 that was signed by Gov. Bruce Rauner on August 14, and effective […]

Senators introduce bill to retain prohibition on preexisting condition exclusions

Senators Thom Tillis (R-NC), Lamar Alexander (R-TN), Chuck Grassley (R-IA), Dean Heller (R-NV), Bill Cassidy, M.D. (R-LA), Lisa Murkowski (R-AK), Joni Ernst (R-IA), Lindsey Graham (R-SC), John Barrasso (R-WY), and Roger Wicker (R-MS) have introduced the Ensuring Coverage for Patients with Pre-Existing Conditions Act, which would amend HIPAA to guarantee the availability of health insurance […]

PBGC seeks nominations for Advisory Committee members

The Pension Benefit Guaranty Corporation (PBGC) seeks nominations for individuals to serve as members of the PBGC Advisory Committee. The deadline for receipt of nominations is September 24, 2018. The Advisory Committee consists of seven members appointed by the President from among individuals recommended by the PBGC Board of Directors. By February 19, 2019, the […]

Nominations sought for ERISA Advisory Council

The Department of Labor is soliciting nominations to fill five three-year vacancies on the ERISA Advisory Council on Employee Welfare and Pension Benefit Plans. The deadline for receipt of nominations is September 17, 2018. The terms of five Council members expire at the end of the year. Nominations are being accepted for one vacancy each […]

Flight paramedic fired for fraudulent misuse of baby-bonding leave can’t advance FMLA claims

A helicopter pilot was fired from his job as a flight paramedic based on his apparent fraudulent misuse of baby-bonding leave to operate a side business at airshows, and for being dishonest when confronted about it, a federal district court in Kentucky ruled in dismissing his FMLA and promissory estoppel claims on summary judgment. The […]

Pennsylvania DOR updates eFile/ePay website

The Philadelphia Department of Revenue (DOR) has announced that it has updated the eFile/ePay website to increase electronic tax payments. The updated website looks a little different but provides the same tax filing and payment services as before. The new portal is compatible with all internet browsers, and works for both PC and Mac users. […]

Banks were not liable under ERISA as functional fiduciaries for fraudulent manipulation of foreign exchange transactions

The alleged fraudulent manipulation of benchmark rates by banks to maximize profits from foreign exchange transactions involving plan assets did not constitute sufficient discretionary control over plan assets to subject the banks to liability under ERISA as functional fiduciaries, according to U.S. Court of Appeals in New York (CA-2). The transactions involved plan assets, but […]

GSA issues 2019 CONUS per diems

The General Services Administration (GSA) has announced its fiscal year (FY) 2019 Continental U.S. (CONUS) per diem reimbursement rates. The GSA rates are often a predictor of the per diem rates set by the IRS. The IRS is expected to release its annual special per diem rates and guidance for taxpayers later in 2018. The […]

Indiana assessment proper for county tax withholding errors

A proposed assessment against an Indiana based corporate income taxpayer was sustained as the taxpayer failed to withhold county taxes properly. In this matter, the taxpayer was initially audited by the Department of Revenue (department) for withholding taxes for the tax years 2013 and 2014 that resulted in a proposed assessment. The taxpayer paid the […]