Pension Protection Act Blog

This week around the Employee Benefits world:

Brian King, at Brian King’s ERISA Blog, discusses ERISA’s Limitation of Actions Period. He provides a good summary of the decision this week from 4th Circuit Court of Appeal in White v. Sun Life Assurance Co. of Canada, involving the “time frame for participants and beneficiaries to bring an action in federal court to challenge a denial of benefits”.

Roy F. Harmon of the Health Plan Law blog provides an Overview of the Circuit Split Over Benefit Claims Against Plan Administrators.

Susan Mangiero of Pension Risk Matters blogs about Pension Plan Plaintiffs Cost Corporate Defendants with Opt-Outs, discussing the “recent trend in class action litigation circles is the pension plan opt-out”.

KMC of Advanced Personal Finance writes a personal commentary about 401(k) plans with company matching stock in Sell Your 401(k) Company Stock Right Now.

Robert Powell of MarketWatch discusses the Best Ways to Avoid RMD Mistakes: 5 Tips for Foolproof Required Minimum Distributions.

Vause comments on the New Compensation Package for active military, posted at Active Duty Military Money and Matters.

The IRS released Rev. Rul. 2007-24, which addresses certain exchanges of insurance policies. It concludes that concludes that a taxpayer’s receipt of a check issued by an insurance company under a non-qualified annuity contract is treated as a taxable distribution, even if the check is endorsed to a second insurance company for the purchase of a second annuity. The transaction is not characterized as a tax-free exchange because there was no direct exchange or assignment of the original contract.

The IRS also issued a Notice of Proposed Rulemaking on Dependent Children of Divorced or Separated Parent or Parents Who Live Apart for purposes of Code section 152. Thanks to BenefitsLink.com for the text.

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