Effective for distributions expected to be paid or to begin on or after October 1, 2004, plan sponsors of defined benefit plans (including cash balance plans) must provide a participant or beneficiary with a comparison of the amount of benefit payment under the available optional forms of benefit and the payment under the qualified joint and survivor annuity (QJSA)

From 1 October 2004 changes in the law have been introduced which impose controls on the way occupational pension schemes can operate in relation to disabled people.

On April 22, 2004, the Equal Employment Opportunity Commission ("EEOC") finalized its proposed rule to grant an exemption from the Age Discrimination and Employment Act of 1967 ("ADEA") for retiree health plans which are integrated with Medicare or comparable State health benefits programs.

Here’s a bit of trivia. In published court cases, the word "actuarial" appears most often in court decisions which deal with sexual predators.

New York law is full of inconsistency when it comes to the treatment of actuaries and accountants in professional negligence suits.

In recent years, the accounting profession has been grappling with a concerning trend: a shortage of skilled workers. According to the American Institute of CPAs (AICPA)...

Two leading organizations of the US actuarial profession issued papers in February regarding public pension plan financial reporting and the funding of public pension liabilities.

What private equity data should be released? This article looks at a significant development in Texas.

The Internal Revenue Service released the final regulations regarding taxation of excess benefit transactions on January 22, 2002. The regulations set forth rules governing transactions between public charities and social welfare organizations, and directors, officers, employees, related organizations and other "insiders.

On October 22, 2004, President Bush signed the American Jobs Creation Act. Tucked away in the corporate tax bill is the Civil Rights Tax Relief Act, a significant piece of legislation eliminating the double taxation of attorneys’ fees awarded to plaintiffs in discrimination lawsuits. A diverse coalition of business and civil rights groups backed the legislation to remedy inequities in the tax treatment of employment awards.

Cybersecurity breaches concerning workers' personal information and retirement savings have increased liability risks for benefit plans and third-party administrators under federal benefits laws.

On September 28, 2004, the U.S. Department of Labor (DOL) issued a final regulation allowing plan fiduciaries to satisfy their fiduciary responsibilities regarding the automatic rollover to individual retirement accounts (IRAs) of certain mandatory distributions.

After 30 years, the Internal Revenue Service ("IRS") has proposed regulations to incorporate concepts it has informally applied in the past to determine whether organizations are part of a "controlled group."

The U.S. Department of Labor (DOL) recently announced a nationwide campaign to educate employers and service providers about their fiduciary responsibilities under the Employee Retirement Income Security Act (ERISA).

Automatic rollover provisions apply to mandatory distributions made on or after March 28, 2005. Involuntary cash outs of more than $1,000 (but less than $5,000) are required to be automatically rolled over to an IRA on and after March 28, 2005, unless the participant elects otherwise.