Pension & Benefits NetNews – May 21, 2013

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Featured This Week

Employee Benefits Management News

  • IRS issues rules relating to computation of medical loss ratio
  • States with federally-facilitated exchanges can not run state-based SHOP Exchanges in 2014
  • New York City Council passes paid sick leave measure
  • Health insurance marketplace issues are addressed in CMS FAQs

Pension Plan Guide News

  • IRS issues third quarter update to Priority Guidance Plan
  • PBGC issues rates for valuing lump-sum, annuity payments for June 2013; variable rates for May 2013
  • IRS issues April, May 2013 Treasury, yield curve, and segment rates

Employee Benefits Management News

IRS issues rules relating to computation of medical loss ratio

The IRS has issued proposed regulations that provide guidance to Blue Cross and Blue Shield organizations, and certain other health care organizations, on computing and applying the medical loss ratio added to tax code by the Patient Protection and Affordable Care Act. For details, see ¶2067G.

(Read Intelliconnect) »

States with federally-facilitated exchanges can not run state-based SHOP Exchanges in 2014

The Centers for Medicare and Medicaid Services (CMS) has released frequently-asked-questions (FAQs) on the small business health options program (SHOP) exchanges. For details, see ¶2067H.

(Read Intelliconnect) »

New York City Council passes paid sick leave measure

The New York City Council has passed the Earned Sick Time Act, a paid sick leave bill that will require many employers within the municipality to provide paid time off to employees due to illness. For more information, see ¶2067I.

(Read Intelliconnect) »

Health insurance marketplace issues are addressed in CMS FAQs

The Centers for Medicaid & Medicaid Services (CMS) has issued a set of frequently asked questions (FAQs) on the health insurance marketplaces under the Patient Protection and Affordable Care Act (ACA). For more information, see ¶2067J.

(Read Intelliconnect) »

Pension Plan Guide News

IRS issues third quarter update to Priority Guidance Plan

The IRS has issued the third quarter update to its 2012-2013 Priority Guidance Plan, which includes numerous employee benefit items. For more information, see ¶120V.

(Read Intelliconnect) »

PBGC issues rates for valuing lump-sum, annuity payments for June 2013; variable rates for May 2013

The PBGC has posted to its website the immediate interest rate for valuing lump-sum and annuity payments for June 2013 and the spot first, second, and third segment rates for determining the variable rate premium amount for premium payment years beginning in May 2013. For more information, see ¶120Z.

(Read Intelliconnect) »

IRS issues April, May 2013 Treasury, yield curve, and segment rates

The IRS has issued the 30-year Treasury interest rates, yield curve and segment rates, and minimum value segment rates for April and May 2013. For more information, see ¶17151U.

(Read Intelliconnect) »