Compliance

IRS Offers Split-Dollar Guidance

January 10, 2001 (PLANSPONSOR.com) - In a move that has implications for executive benefit programs, the IRS has issued interim guidance on the tax treatment of split-dollar life insurance contracts, and is looking for comments from interested parties.

Congress Still Silent on Company Stock Fix

December 10, 2001 (PLANSPONSOR.com) - The drastic fall of Enron Corp. and its ill effects on the company's rank-and-file employees is on the minds of many members in the House of Representatives, but a formal bill addressing employer stock programs seems far off.

PBGC Proposes Payment Changes

December 22, 2000 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) has announced a number of changes that affect how it pays benefits to participants.

PaineWebber to Pay Damages to Depressed Broker

October 10, 2001 (PLANSPONSOR.com) - An NASD tribunal has found UBS PaineWebber liable to a former broker employed at one of the group's offices in Arizona, who claimed he was fired after notifying the firm that he was suffering from depression.

NLRB Says J-1 Workers Can Join Union

October 10, 2001(PLANSPONSOR.com) --The National Labor Relations Board (NLRB) has decided in favor of foreign electricians brought to the US under a company-run cultural exchange program, ruling that the workers have a right to join a union.

EEOC Charges Morgan Stanley With Gender Discrimination

September 10, 2001 (PLANSPONSOR.com) - The Equal Employment Opportunity Commission (EEOC) has accused Wall Street brokerage Morgan Stanley Dean Witter & Co. of discriminating against a top bond saleswoman fired last October and as many as 100 other female employees.

Bush Administration To Defend Affirmative Action Program

August 10, 2001 (PLANSPONSOR.com) -The government is set to file a brief with the Supreme Court defending a federal affirmative action program, which supports the Clinton-era Department of Transportation's highway construction program that favors minority and disadvantaged businesses.

PWBA Publishes 5500 Troubleshooter's Guide

May 10, 2001 (PLANSPONSOR.com) - The Labor Department's Pension and Welfare Benefits Administration has released the Troubleshooter's Guide to Filing the ERISA Annual Report (Form 5500).

Pension Reform May Hitch A Ride With Tax Bill

May 10, 2001 (PLANSPONSOR.com) - The Senate should turn its attention to pension reform shortly, but the timing could depend on the decision to include the provisions with the tax relief bills currently pending.

Daschle Vows SEC Fee Bill Will Advance

October 9, 2001(PLANSPONSOR.com) - Senate Majority Leader Tom Daschle (D- South Dakota) has promised action soon on legislation to cut stock-trading fees and raise pay for Securities and Exchange Commission employees, according to a report from Reuters.

ANOTHER OPTION – House Committee Passes "Super" Option Bill

June 21, 2000 (PLANSPONSOR.com) - A Committee of the House of Representatives has approved a bill intended to expand the availability of stock options to all employees, following the acceptance of a substitute amendment. The bill would also make it easier for employees to take advantage of those "super" stock options.

DOL Will Support Clinton "Era" Black Lung Rules

May 9, 2001 (PLANSPONSOR.com) - The Bush administration has taken a position against the coal industry, choosing to defend Black Fund rules that make it easier for coal miners suffering from black-lung disease to collect benefits.

Number of Claimants in PBGC Suit Doubles

April 9, 2001 (PLANSPONSOR.com) - Almost 40,000 former National Airline (NAL) employees have added their names, and doubled the size of the class, in a suit brought against the Pension Benefit Guaranty Corporation (PBGC) by former Pan Am employees.