The ESOP proposal was, in any case, poorly received by the ESOP industry. The ESOP Association said the main proposal as well as an accompanying safe harbor proposal “will require substantial ...

The IRS and the Pension Benefit Guaranty Corporation (PBGC) have updated the membership of advisory bodies that provide them with recommendations and feedback. Internal Revenue Service Advisory ...

The Pension Benefit Guaranty Corporation (PBGC) provides coverage for plans and participants; doing so entails responsiveness and efforts to improve processes and procedures. The PBGC’s Office of the ...

The PBGC has proposed modifications to its regulations on premium rates, premium due dates, and termination of single-employer plans; they arise from the agency’s ongoing retrospective review of the ...

Treasury Secretary nominee Scott Bessent, in his confirmation hearing before the Senate Finance Committee, warned that the nation could face an economic crisis if Congress fails to extend the Tax Cuts ...

Pension obligations fell by more than $100 billion — that’s billion with a “b” — in 2024, says WTW. More specifically, they ...

Create a plan to implement the Social Security Fairness Act, Representatives Jason Smith (R-MO) and Ron Estes (R-KS) have told the Social Security Administration (SSA). That measure repeals both the ...

The Department of Labor’s Employee Benefits Security Administration (EBSA) on Jan. 14 announced an enforcement relief policy that will make it possible for retirement plan fiduciaries to help manage ...