Hewitt comments on the DOL's interim final regulations on qualified domestic relations orders.
In a March 2007 report, the U.S. Government Accountability Office examined employers' strategies to control health and retirement benefit costs and the implications for workers.
On April 4, 2007, the IRS released comprehensive final regulations under section 415 of the Internal Revenue Code.
China
If the second draft of the Labor Contracts Law of the People's Republic of China is passed, it would fundamentally alter workforce management in the country. Employers would be required to review and likely revise existing employment arrangements.
United States of America
A House subcommittee held a second hearing regarding state health coverage for the uninsured.
The IRS has issued proposed regulations that prescribe the mortality table assumptions that defined benefit plans would have to use in funding valuations for plan years beginning on or after January 1, 2008, under the requirements of the Pension Protection Act of 2006.
In April 2007, the Internal Revenue Service released final regulations covering the application of Section 409A to nonqualified deferred compensation plans.
New federal law hikes the minimum wage over a two-year period, includes technical pension plan changes to Pension Protection Act of 2006, and provides small business tax relief.
The U.S. Department of Labor has issued interim final regulations on qualified domestic relations orders.
On February 1, 2007, the IRS released the long-awaited mortality tables required to be used for Current Liability valuations for 2007 plan years.
The U.S. Department of Labor issued an interim final rule on distributions from terminated individual account plans.
On May 11, 2007, the IRS issued inflation-adjusted limits for HSAs for 2008 (Revenue Procedure 2007-36).
A U.S. District Court in New York has ruled that Verizon Communications Inc.'s cash balance pension plan does not violate the anti-age discrimination provisions of ERISA.
Plan sponsors can now offer employees additional retirement saving flexibility. Learn the details behind the IRS regulations permitting companies to allow employees to make Roth contributions to their 401(k) plans on an after-tax basis.
"A Healthier US Starts Here" campaign encourages use of Medicare preventive services.
