October 6, 2000 (PLANSPONSOR.com) - The Internal Revenue Service says that a parent company's contribution of stock to subsidiary in a so-called rabbi trust has not changed hands until it has actually been used to satisfy claims of the subsidiary, either to participant/beneficiaries or creditors of the subsidiary, as long as certain conditions are satisfied.
October 6, 2000 (PLANSPONSOR.com) - The Internal Revenue Service has issued proposed regulations that new comparability plans must satisfy to use the cross-testing method in meeting nondiscrimination requirements.
September 5, 2000 (PLANSPONSOR.com) - There are some noticeable differences between the House and Senate versions of the pending retirement savings legislation that impact plan sponsors, including a new type 401(k) plan, expanded catch-up savings provisions for older workers and a ban on wearaway provisions in cash balance plan conversions.
May 5, 2000 (PLANSPONSOR.com) - Several federal agencies are reviewing whether plan sponsors provide early retirees with adequate information when faced with a choice between annuities and lump sum payouts, according to BNA Daily Labor Report.
October 4, 2000 (PLANSPONSOR.com) - Nearly five thousand pensioners have been reconnected with their "missing" pensions totaling some $10 million during the past year, thanks to the Pension Benefit Guaranty Corporation's (PBGC) Pension Search Directory.
May 3, 2000 (PLANSPONSOR.com) - Retirement plan balances may escape creditor clutches, after all. A controversial pension plan waiver provision will be removed from the pending bankruptcy reform bill, according to aides of Senators Charles Grassley (R-Iowa) and Jeff Sessions (R-Ala.). The provision would have allowed individuals to waive the current exemption that protects retirement plan assets from creditors, either while in bankruptcy, or as part of a loan agreement.
October 2, 2000 (PLANSPONSOR.com) - The General Accounting Office (GAO) is expected to issue a report urging the Internal Revenue Service to stop approving cash balance plans until their impact on retirement benefits can be determined.
December 1, 2000 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) has announced changes to its premium regulations to make things easier for sponsors of defined benefit pension plans.
November 1, 2000 (PLANSPONSOR.com) - The Senate has once again put off a floor vote on HR 2614, the tax bill that contains pension reform legislation and several health care provisions.
November 1, 2000 (PLANSPONSOR.com) - It looks like Congress is going to wait until after the election to deal with pension reform, following the Senate's passage of a short-term spending bill.
September 1, 2000 (PLANSPONSOR.com) - The Internal Revenue Service has issued final regulations that permit defined contribution plans to eliminate some alternate forms of payment, as long as a lump sum option is available.