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Week ending April 29th, 2016 |
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Happy Friday, PLANSPONSOR readers! This week, we released our 2nd annual participant survey, and other research offered a clue as to why annuity use is relatively low. However, perhaps the most important news came from the government and the courts. Among other things, a federal appellate court switched the burden of proof to the employer for proving an employee is entitled to benefits; although Pension Benefit Guaranty Corporation (PBGC) premiums are rising, the agency wants to provide relief for late payment penalties; and the Internal Revenue Service (IRS) issued a final rule for the controversial suspension of benefits provision of the Multiemployer Pension Reform Act of 2014 (MPRA). All this and more in this week’s edition of PLANSPONSOR Weekend. |
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