Pension & Benefits NetNews – October 30, 2012

 

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Featured This Week

Employee Benefits Management News

  • IRS issues 2013 adjusted limits for long-term care, MSAs
  • Health reform survey finds business as usual for employers in 2013
  • Workers aging into retiree health changes, EBRI finds
  • HR managers say employees don’t understand their benefits, improving communication is top priority

Pension Plan Guide News

  • 2013 Social Security cost-of-living adjustment will be 1.7%
  • IRS seeks comments on regs on cash or deferred arrangements
  • IRS seeks comments on Forms 5434 and 5434-A

Employee Benefits Management News

IRS issues 2013 adjusted limits for long-term care, MSAs

In Rev. Proc. 2012-41, the Internal Revenue Service provides a variety of inflation-adjusted figures for 2013, including figures for long-term care and medical savings accounts (MSAs). For the amounts, see ¶2061W.

(Read Intelliconnect) »

Health reform survey finds business as usual for employers in 2013

Employers say it will be business as usual in their approaches to health benefits, as they plan for new developments in the coming year due to the Affordable Care Act (ACA), according to a new survey by the non-profit Midwest Business Group on Health (MBGH) in collaboration with The Benfield Group. For details, see ¶2061X.

(Read Intelliconnect) »

Workers aging into retiree health changes, EBRI finds

A growing number of workers are realizing they will not get retiree health care from their employers after they stop working, according to a new report by the Employee Benefit Research Institute (EBRI). For more information, see ¶2061Y.

(Read Intelliconnect) »

HR managers say employees don’t understand their benefits, improving communication is top priority

A new Quick Poll conducted by Corporate Synergies Group shows that HR managers are frustrated with their employees’ understanding of their benefits packages. According to the poll, 84 percent of HR managers said plan participants don’t understand how their “lifestyle or utilization decisions” impact the cost of benefits. For more information, see ¶2061Z.

(Read Intelliconnect) »

Pension Plan Guide News

2013 Social Security cost-of-living adjustment will be 1.7%

The cost-of-living adjustment for social security benefits received by beneficiaries starting in January 2013 will be 1.7%, according to the Social Security Administration (SSA). For more information, see ¶24,012K.

(Read Intelliconnect) »

IRS seeks comments on regs on cash or deferred arrangements

The IRS is seeking comments on an extension of a currently approved collection of information concerning final regulations on cash or deferred arrangements. For more information, see ¶117A.

(Read Intelliconnect) »

IRS seeks comments on Forms 5434 and 5434-A

The IRS is seeking comments on an extension of a currently approved collection of information concerning Form 5434, which is used to apply for enrollment to perform actuarial services, and 5434-A, which is used to renew enrollment every three years to perform actuarial services. For more information, see ¶117B.

(Read Intelliconnect) »