Pension & Benefits NetNews – December 4, 2012

 

NetNews Subscription

Want to receive these Newsletters via E-mail?

hr.cch.com Resources

About Links in this Newsletter

To access the IntelliConnect™ full text documents you must be a subscriber to the Pension Plan Guide or Employment Benefits Management.

Links within news stories display full text documents including legislation, regulations,
court decisions, rulings and government reports.

The first time you click on a link you will be taken to the IntelliConnect login page, where you will need to enter your ID and password. Subsequent links will take you directly to the desired document.

IntelliConnect

If you aren’t a subscriber call 800-449-9525, or let us contact you about,

Email Us

Contact us by sending an e-mail to

 

Featured This Week

Employee Benefits Management News

  • HHS issues proposed regulations on insurance reforms, EHBs
  • Supreme Court sends Liberty University’s health reform case back to Fourth Circuit
  • IRS announces 2013 standard mileage rates
  • Self-insured health plans growing, driven by large employers

Pension Plan Guide News

  • PBGC maximum insurance benefit increases for 2013
  • IRS gives sponsors of governmental plans option to elect Cycle E instead of Cycle C remedial amendment cycle
  • IRS again extends deadline to amend DB plan to satisfy Code Sec. 436 rules

Employee Benefits Management News

HHS issues proposed regulations on insurance reforms, EHBs

The Department of Health and Human Services (HHS) has issued proposed regulations implementing provisions of the Patient Protection and Affordable Care Act (ACA) designed to protect consumer from insurance company abuses and containing standards related to the coverage of essential health benefits (EHBs).For details, see ¶2062T.

(Read Intelliconnect) »

Supreme Court sends Liberty University’s health reform case back to Fourth Circuit

The U.S. Supreme Court has remanded the case of Liberty University v. Geithner (No. 11-438) to the Fourth Circuit Court of Appeals for further consideration in light of the High Court’s ruling in National Federation of Independent Business (NFIB) v. Sebelius (No. 11-393). On June 28, 2012, in NFIB, the Supreme Court held that the individual insurance mandate provision of the Patient Protection and Affordable Care Act (ACA) is constitutional based on Congress’s power under the Taxing Clause. For details, see ¶2062U.

(Read Intelliconnect) »

IRS announces 2013 standard mileage rates

The IRS has issued the 2013 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. For more information, see ¶2062V.

(Read Intelliconnect) »

Self-insured health plans growing, driven by large employers

Large private-sector employers are driving a trend toward more “self-insured” health plans, according to a new report by the nonpartisan Employee Benefit Research Institute (EBRI). For more information, see ¶2062X.

(Read Intelliconnect) »

Pension Plan Guide News

PBGC maximum insurance benefit increases for 2013

The PBGC has announced that the maximum insurance benefits for participants in underfunded pension plans terminating in 2013 is $4,789.77 per month or $57,477.24 per year for those who retire at age 65. For more information, see ¶19,981z32.

(Read Intelliconnect) »

IRS gives sponsors of governmental plans option to elect Cycle E instead of Cycle C remedial amendment cycle

The IRS has modified its employee plan staggered remedial amendment period procedures to provide that sponsors of individually designed governmental plans may elect Cycle E instead of Cycle C as the second remedial amendment cycle for their plans. For more information, see ¶17,299u3.

(Read Intelliconnect) »

IRS again extends deadline to amend DB plan to satisfy Code Sec. 436 rules

The IRS has issued a notice extending the deadline to amend a defined benefit plan to satisfy the requirements of Code Sec. 436 regarding limitations on the accrual and payment of benefits under certain underfunded, single-employer defined benefit plans. For more information, see ¶17,150T.

(Read Intelliconnect) »