Spencer’s Benefits Reports NetNews – May 18, 2012

About this Newsletter The Spencer’s Benefits Reports is a summary of the week’s news items posted in the WHAT’S NEW pages of Spencer’s Benefits Reports Online. For questions regarding this email service, contact Customer Service at (800)449-9525. NetNews Subscription Want to receive these Newsletters via E-mail? Sign Up / Unsubscribe hr.cch.com Resources Online Store Customer […]

Pension & Benefits NetNews – May 15, 2012

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Spencer’s Benefits Reports NetNews – May 11, 2012

About this Newsletter The Spencer’s Benefits Reports is a summary of the week’s news items posted in the WHAT’S NEW pages of Spencer’s Benefits Reports Online. For questions regarding this email service, contact Customer Service at (800)449-9525. NetNews Subscription Want to receive these Newsletters via E-mail? Sign Up / Unsubscribe hr.cch.com Resources Online Store Customer […]

Spencer’s Benefits Reports NetNews – May 4, 2012

About this Newsletter The Spencer’s Benefits Reports is a summary of the week’s news items posted in the WHAT’S NEW pages of Spencer’s Benefits Reports Online. For questions regarding this email service, contact Customer Service at (800)449-9525. NetNews Subscription Want to receive these Newsletters via E-mail? Sign Up / Unsubscribe hr.cch.com Resources Online Store Customer […]

Plan’s choice of interest rate to calculate withdrawal liability not an abuse of discretion

A multiple-employer pension plan’s board did not abuse its discretion when it used what an employer described as an “unreasonably low” interest rate to calculate the amount of the employer’s withdrawal liability, the U.S. Court of Appeals in San Francisco (CA-9) has ruled. Contested amount At the district court level, the employer argued that the […]

Administration’s budget proposals would limit retirement deductions for upper-income taxpayers

President Obama’s fiscal 2013 budget proposal, unveiled on February 13, 2012, would trim the deductions for certain retirement plan contributions by upper-income taxpayers. The budget proposal would reinstate the limitation on itemized deductions and the 36% and 39.6% tax rates for upper-income taxpayers. The budget proposal would also limit the tax value of specified deductions […]

IRS provides tips on how to determine if a plan loan’s interest rate is “reasonable”

When a retirement plan allows participant loans, that loan is an investment of plan assets and must bear a “reasonable” rate of interest. In the latest issue of Retirement News for Employers, the IRS provides guidance on how to determine if a retirement plan loan interest rate is reasonable. Under ERISA Reg. §2550.408b-1(e), a plan’s […]

Employee retirement confidence grows, Towers Watson survey finds

A recent survey by Towers Watson has found that U.S. employees’ confidence in their ability to retire comfortably continued to rebound from post-recession lows last year. The Towers Watson Retirement Attitudes Survey was conducted in June and July 2011 and includes responses from 9,218 full-time U.S. employees at non-government organizations with 1,000 or more employees. […]

Pension Update January 2012

The following highlights the most significant New Developments published in the Pension Plan Guide since the last update on Dec, 29, 2011. During the past month, the IRS has: extended the deadline for the submission of pre-approved defined contribution plan opinion and advisory letters to April 2, 2012 (from January 31, 2012); clarified the notice […]

IRS seeks comments on IRA required minimum distribution reporting

The IRS is seeking comments on an extension of a currently approved collection of information concerning IRA required minimum distribution reporting. IRS Notice 2002-27 provides guidance with respect to the data that custodians and trustees must furnish to IRA owners in those instances where there must be a minimum distribution from an IRA. There are […]