Posts Tagged ‘Legal Counsel’
Benefits Update – Fall 2006 | Employee Benefits
The New Funding Rules Have Been Enacted – Is Your Pension Ready? On August 17, 2006, President Bush signed into law the Pension Protection Act of 2006 (“PPA”). The PPA represents the firs t major overhaul in pension plan funding requirements since Congress enacted the Employee Retirement Income Security Act in September 1974 (“ERISA”).
ERISA Update – Summer 2004
On April 10, 2004, President Bush signed into law the Pension Funding Equity Act of 2004 (“PFEA”). Before the PFEA, the Internal Revenue Code required defined benefit pension plans to use the interest rate on 30·year U.S. Treasury bonds to determine their funding status.
ERISA Update – Spring 2003
Dol Provides Guidance on “Float” Income Custodians (and directed trustees) often maintain general accounts to facilitate the transactions of employee benefit plans.
ERISA Update – Summer 2002 | Employee Benefits
The New Health Reimbursement Arrangement that is Non-Taxable and More Flexible On June 26, 2002 Internal Revenue Service Notice 2002-45 was issued describing the tax benefits of a health reimbursement arrangement C’HRA”). Under the IRS definition, an HRA is paid for by an employer;
ERISA Update – Spring 2002 | Employee Benefits
U.S. Supreme Court Says ERISA Doesn’t Authorize Repayment Lawsuit in Subrogation Case When a Plan ‘s participant or a family member is injured in some way which will give rise to a personal injury action, a subrogation issue arises for self funded Health and Welfare Plans since almost without exception, participants’ turn to these Funds […]