Pension & Benefits NetNews – October 13, 2015

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Featured This Week

 

Employee Benefits Management News

 

  • CCIIO explains what employee premium assistance notices you will and won’t receive in 2016
  • 2016 per diem rates issued for travel expense reimbursements
  • Government refuses to budge on out-of-pocket limits for family plans
  • More than 10 percent of U.S. workforce on FMLA leave at any given time, analysis finds

Pension Plan Guide News

 

  • PBGC issues final regs that require electronic filing of certain multiemployer plan notices
  • PBGC report projects modest improvement for multiemployer plan program
  • IRS issues procedures for requesting economic hardship waiver from e-filing Forms 8955-SSA and 5500-EZ

 

Employee Benefits Management News

 

CCIIO explains what employee premium assistance notices you will and won’t receive in 2016

The Center for Consumer Information and Insurance Oversight (CCIIO) has provided some pointers for employers regarding the employer notice program for employees’ advance premium tax credits (APTCs) in new Frequently Asked Questions. For more information, see ¶2090K

(Read Intelliconnect) »

2016 per diem rates issued for travel expense reimbursements

The IRS has provided the 2015-2016 special per diem rates for taxpayers to use to substantiate ordinary and necessary business expenses incurred while traveling away from home. For details, see ¶2090M.

(Read Intelliconnect) »

Government refuses to budge on out-of-pocket limits for family plans

The government is attempting to clarify a final rule published in February that, among other things, prohibited insurers from requiring families to pay more in out-of-pocket costs than individuals. HHS and the Departments of the Treasury and Labor sent a letter to groups representing employers in an effort to clarify that insurers cannot penalize consumers from choosing family coverage. For more information, see ¶2090N.

(Read Intelliconnect) »

More than 10 percent of U.S. workforce on FMLA leave at any given time, analysis finds

A new analysis of Family and Medical Leave Act data from FMLASource®, a ComPsych® Corporation program, revealed that more than 10 percent of the U.S. workforce is on FMLA leave at any given time. For more information, see ¶2090R.

(Read Intelliconnect) »

Pension Plan Guide News

 

PBGC issues final regs that require electronic filing of certain multiemployer plan notices

The Pension Benefit Guaranty Corporation’s (PBGC) has issued final regulations regulations to require electronic filing of certain multiemployer notices. These changes make the provision of information to PBGC more efficient and effective. For more information, see ¶138I.

(Read Intelliconnect) »

PBGC report projects modest improvement for multiemployer plan program

The projected insolvency date for the insurance program for multiemployer pension plans, which cover more than 10 million Americans, has been delayed by three years, according to the
FY 2014 Projections Report released by the Pension Benefit Guaranty Corporation. The risk of program insolvency has decreased over the near term due primarily to the new premium revenues anticipated under the Multiemployer Pension Reform Act of 2014 (MPRA). For more information, see ¶138S.

(Read Intelliconnect) »

IRS issues procedures for requesting economic hardship waiver from e-filing Forms 8955-SSA and 5500-EZ

The IRS has issued a revenue procedure that sets forth procedures for plan administrators of retirement plans (or, in certain situations, employers maintaining retirement plans) that are required to file electronically Form 8955-SSA or Form 5500-EZ, to request a waiver of the electronic filing requirement due to economic hardship. For more information, see ¶17,299U-92.

(Read Intelliconnect) »

 

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