Pension & Benefits NetNews – August 21, 2012

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Featured This Week

Employee Benefits Management News

  • Health reform most challenging for firms with large populations of part-time, low-paid workers: Mercer
  • Use of flexible benefits continues to rise, Aon Hewitt Benefits Administration Survey 2012 finds
  • Studies predict varying levels of decline in employer-sponsored coverage due to ACA, GAO finds
  • CCIIO issues final blueprint for state exchanges

Pension Plan Guide News

  • IRS issues 25-year average segment rates used for pension funding under MAP-21
  • PBGC issues rates for valuing lump-sum, annuity payments for September 2012; variable rates for August 2012
  • DOL seeks comments on EBSA-sponsored information collection request concerning PT Class Exemption on collective investment funds conversion transactions

Employee Benefits Management News

Health reform most challenging for firms with large populations of part-time, low-paid workers: Mercer

Companies with the greatest number of part-time and low-paid employees will face the greatest challenges from the reforms provided in the Patient Protection and Affordable Care Act (ACA), a new Mercer survey has determined. For details, see ¶2059Y.

(Read Intelliconnect) »

Use of flexible benefits continues to rise, Aon Hewitt Benefits Administration Survey 2012 finds

Use of flexible benefits plans is both widespread and on the increase, with 62% of employers currently offering flexible benefits packages and a further 21% planning to do so in the future, according to Aon Hewitt’s Benefits Administration Survey 2012. For details, see ¶2060A.

(Read Intelliconnect) »

Studies predict varying levels of decline in employer-sponsored coverage due to ACA, GAO finds

Researchers believe that certain provisions of the Patient Protection and Affordable Care Act (ACA) could affect employers’ future willingness to offer coverage, according to a new report from the Government Accountability Office (GAO). For more information, see ¶2060B.

(Read Intelliconnect) »

CCIIO issues final blueprint for state exchanges

The Center for Consumer Information & Insurance Oversight (CCIIO) has issued the final version of a blueprint for state exchanges established by the Patient Protection and Affordable Care Act (ACA). The exchanges will facilitate the purchase of qualified health plans (QHPs) and will provide for the establishment of a Small Business Health Options Program (SHOP). For more information, see ¶2060C.

(Read Intelliconnect) »

Pension Plan Guide News

IRS issues 25-year average segment rates used for pension funding under MAP-21

The IRS has released guidance on the 25-year average segment rates that are applied to adjust the otherwise applicable 24-month average segment rates that are used to calculate required pension funding, that reflect changes made by the Moving Ahead for Progress in the 21st Century Act (MAP-21) (P.L. 112-141), enacted July 6, 2012. For more information, see ¶17,150F.

(Read Intelliconnect) »

PBGC issues rates for valuing lump-sum, annuity payments for September 2012; variable rates for August 2012

The PBGC has posted to its website the immediate interest rate for valuing lump-sum and annuity payments for September 2012 and the spot first, second, and third segment rates for determining the variable rate premium amount for premium payment years beginning in August 2012. For more information, see ¶115R.

(Read Intelliconnect) »

DOL seeks comments on EBSA-sponsored information collection request concerning PT Class Exemption on collective investment funds conversion transactions

The Labor Department is submitting an EBSA-sponsored information collection request titled “Collective Investment Funds Conversion Transactions Prohibited Transaction Class Exemption” to the OMB for review and approval. For more information, see ¶115N.

(Read Intelliconnect) »

 

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