Pension & Benefits NetNews – April 23, 2013

 

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Featured This Week

Employee Benefits Management News

  • SHRM encourages passage of bill giving more employees access to comp time
  • Supreme Court grants review of statute of limitations issue in ERISA disability case
  • Equitable defenses cannot override express plan terms in ERISA action for equitable relief, Supreme Court rules
  • CMS sets termination dates for processes under ACA’s Early Retiree Reinsurance Program

Pension Plan Guide News

  • Administration renews proposal to allow PBGC to set risk-adjusted premiums
  • Administration’s FY 2014 budget contains provisions affecting retirement accruals, IRAs
  • IRS provides tax tips on making IRA contributions

Employee Benefits Management News

SHRM encourages passage of bill giving more employees access to comp time

With flexible workplaces benefitting both employers and employees, it’s time for Congress to approve legislation giving private-sector nonexempt employees access to comp time, the Society for Human Resource Management (SHRM) told a U.S. House Education and the Workforce Committee subcommittee hearing on April 11. For details, see ¶2066M.

(Read Intelliconnect) »

Supreme Court grants review of statute of limitations issue in ERISA disability case

The U.S. Supreme Court has granted review of the question of when a statute of limitations should accrue for judicial review of an ERISA disability adverse benefit determination. For details, see ¶2066N.

(Read Intelliconnect) »

Equitable defenses cannot override express plan terms in ERISA action for equitable relief, Supreme Court rules

An ERISA plan’s express terms govern in an ERISA §502(a)(3) action for equitable relief, and equitable doctrines based on unjust enrichment principles cannot override the plan in such equitable-lien-by-agreement cases, the U.S. Supreme Court has ruled. For more information, see ¶2066O.

(Read Intelliconnect) »

CMS sets termination dates for processes under ACA’s Early Retiree Reinsurance Program

The Centers for Medicare and Medicaid Services (CMS) has issued a notice that sets forth termination dates for several processes under the Early Retiree Reinsurance Program (ERRP) in preparation for the Jan. 1, 2014, program sunset date. For more information, see ¶2066R.

(Read Intelliconnect) »

Pension Plan Guide News

Administration renews proposal to allow PBGC to set risk-adjusted premiums

The Obama Administration has again proposed giving the Pension Benefit Guaranty Corporation’s board the power to set premium rates based on the financial soundness of company sponsors in an effort to shore up the agency’s finances. For more information, see ¶120H.

(Read Intelliconnect) »

Administration’s FY 2014 budget contains provisions affecting retirement accruals, IRAs

The Administration has released its fiscal year 2014 budget which would, among other things, limit the total accrual of tax-favored retirement benefits and provide for auto IRAs. For more information, see ¶120G.

(Read Intelliconnect) »

IRS provides tax tips on making IRA contributions

The IRS has provided the top 10 tips on making IRA contributions. For more information, see ¶120E.

(Read Intelliconnect) »