Pension Protection Act Blog

Today, the IRS published two helpful charts to the Pension Protection Act. The first chart, sorted by Code section, lists the Code section, PPA section, and the guidance published so far about that PPA section.
The second chart, sorted by topic, provides the topic, Code section, PPA section number, and the guidance published so […]

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Trends come and go in writing plan documents. The hottest trend over the last year, especially for non-qualified deferred compensation plans, has been to include a savings clause when writing plan documents or amendments. David E. Morse, of K & L Gates, in a great summary of the Final 409A Regs, describes savings […]

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One of the big automatic enrollment questions was answered today with the release of the Final Regulations on Default Investment Alternatives Under Participant Directed Individual Account Plans. Plans have been permitted to automatically enroll employees in 401(k) plans for years. Before the Pension Protection Act, employers could include a provision in their 401(k) […]

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In unequivocal terms today, the IRS extended the deadline to comply with the new Final 409A Regulations from December 31, 2007, to December 31, 2008, for most provisions of these regulations.
In Notice 2007-86, the IRS states that the transition relief scheduled to expire on December 31, 2007, is extended to December 31, 2008. […]

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This week in the Employee Benefits world:
Mark Toma of the Economist’s View blog writes about the proposal to allow financial firms to buy out frozen pension funds in Pension Funds Buyouts.
Roy F. Harmon III of the Health Plan Law blog discusses Ninth Circuit Applies “Time of Death” Rule for Evaluating Participant Status of Deceased Employee.
Stephen […]

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The IRS released IR-2007-171 today, containing the annual dollar limitations for 2008. There are no surprises on this list. The IRS posted the complete list of annual dollar limits from 2001 through 2008.

Technorati Tags: pension protection act, ppa, 2007-171, annual dollar limits, IRS, ERISA

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The 9th Circuit provides a good reminder about carefully writing plan restatements in Shane v. Albertson’s Inc, No. 05-56319 (Oct. 15, 2007).
Stacey Shane was employed by Albertson’s, and was a participant in Albertson’s Disability Plan, when she suffered a knee injury in 1999 and began receiving Long Term Disability (LTD) benefits. When Shane suffered […]

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Nominate your favorite tax blog here by nominating it as one of the best law blogs (there isn’t a category - yet - for tax blogs). Nominations for Best Law Blog close on Wednesday, October 17, 2007.
To add your nomination to a blog which has been already nominated, just click the plus sign on […]

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The Dept. of Labor has updated Field Advisory Bulletin 2006-03. FAB 2006-03, issued last year, requires that pension benefit statement information will be furnished to participants and beneficiaries not later than 45 days following the end of the calendar quarter or calendar year as good faith compliance with Section 508 of the Pension Protection […]

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The IRS released Notice 2007-81, which provides guidance on the corporate bond yield curve and the segment rates required to compute the funding target and other items under Code section 430. This notice implements changes made by sections 101, 102, 111, 112, and 302 of the Pension Protection Act.
Even though it is only 9 […]

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