The Pension Protection Act Blog

The Senate has approved S. 181, the Lilly Ledbetter Fair Pay Act of 2009, by a vote of 61-36. This bill has already passed the House and now heads to President Obama for his signature.
This Act is interesting for retirement and pension plans because it addresses the U.S. Supreme Court’s decision in [...]

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At what point does a member of a corporation’s board of directors qualify as an “outside director” of purposes of Code section 162(m)(4)(C)(i) after serving as an interim chief executive officer? The IRS answered this question today in Rev. Rul. 2008-32.
In Rev. Rul. 2008-32, the IRS addresses the situation where a CEO suddenly resigns, [...]

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Back in August, I wrote about the announcement by Clarian Health that they would be charging employees for unhealthy practices, such as smoking.
Daniel Lee, in an article in the Indianapolis Star, reports that Clarian Health has decided to change the program so that it is now voluntary, and involves payment instead of penalty. Employees [...]

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I recently blogged about the FedEx Cup – a golf championship newly created by the PGA this year where players are awarded points throughout a defined 33-week period. At the end of that period, the 144 players with the most points will then play in a series of 4 tournaments. At the end [...]

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The PGA seems to have wandered into the pension universe with the FedEx Cup, a deferred-compensation-plan-slash-golf-championship where participants are publically awarded allocation points based on how well they finish in golf tournaments. The number of allocation points determines a participant/player’s share of the $35 million FedEx Cup deferred compensation award. It is the [...]

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Workforce Management is reporting that Clarian Health has announced it will start fining employees $5 per paycheck, up to a maximum of $25 per paycheck, for engaging in unhealthy practices starting in 2009. The unhealthy practices are listed as having a body mass index over 29.9, blood pressure over 140/90, blood glucose over 120, [...]

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