📜PBGC Regulation Corrections
On August 15, 2025, the Pension Benefit Guaranty Corporation (PBGC) revised its regulation on termination of single-employer plans. That document inadvertently failed to correctly format a list of requirements. This document corrects the final regulation.
Learn More📝SEC Announces Comment Request on Form S-8 Compliance Requirements
The SEC is soliciting comments on the proposed extension of Form S-8, which facilitates the registration of securities in connection with employee benefit plans. The notice highlights the agency's efforts to ensure adequate investor information and the associated information collection burden on businesses, including time and cost estimates for compliance activities.
Learn More⚖️Changes to Railroad Retirement Annuity Eligibility Regulations
The Railroad Retirement Board amends its regulations to remove facially unlawful provisions that define when the spouse, divorced spouse, surviving divorced spouse, or remarried widow(er) of a railroad employee may receive an annuity under the Railroad Retirement Act for having the employee's minor child in care. As currently written, the regulations treat male spouses less favorably than female spouses by terminating annuity entitlement when the child turns age 16 instead of age 18 as for female spouses. If enforced, this disparity would violate the right to equal protection secured by the Due Process Clause of the Fifth Amendment to the United States Constitution.
Learn More⚙️Proposed Exemption for Union Equipment Loans Under ERISA
This proposed exemption would permit certain loans from the International Union of Operating Engineers Local Union 627 (Local 627) to the Plan, so the Plan can purchase heavy machinery to fulfill its mission. As described below, absent an exemption, the loans would violate certain prohibited transaction provisions of the Employee Retirement Income Security Act of 1974 (ERISA).
Learn More📝IRS Seeks Comments on Form 8955-SSA Information Collection
In accordance with the Paperwork Reduction Act of 1995, the IRS is inviting comments on the information collection request outlined in this notice.
Learn More📝60-Day Notice on Proposed Information Collection for HAVANA Act
The Department of State is seeking Office of Management and Budget (OMB) approval for the information collection described below. In accordance with the Paperwork Reduction Act of 1995, we are requesting comments on this collection from all interested individuals and organizations. The purpose of this notice is to allow 60 days for public comment preceding submission of the collection to OMB.
Learn More📜Withdrawal of Annuity Provider Selection Regulation Impacting Businesses
Due to the receipt of significant adverse comments, the Department of Labor (Department) is withdrawing the July 1, 2025 direct final rule (DFR) published at 90 FR 28007.
Learn More📋Withdrawal of Plan Assets Definition Rule by Labor Department
Due to the receipt of significant adverse comments, the Department of Labor (Department) is withdrawing the July 1, 2025 direct final rule (DFR) published at 90 FR 28009.
Learn More⚖️Exemption Notice for Northern Trust Under ERISA Prohibited Transactions
This document provides notice of an individual exemption from certain prohibited transaction restrictions of the Employee Retirement Income Security Act of 1974 (ERISA) and/or the Internal Revenue Code of 1986 (the Code). The exemption permits certain entities with specified relationships to Northern Trust Fiduciary Services (Guernsey) Limited (NTFS) (hereinafter, the Northern QPAMs, as further defined in Section I(e) of the operative language) to rely on the exemptive relief provided by Prohibited Transaction Class Exemption 84-14 (PTE 84-14 or the QPAM Exemption), notwithstanding the judgment of conviction (the Conviction) against NTFS for aiding and abetting tax fraud entered in France in the Paris Court of Appeal, French Special Prosecutor No. 1120392066, French Investigative Judge No. JIRSIF/11/12.
Learn More⚖️Withdrawal of Information Collection by Department of Labor
The Department of Labor (the Department) is withdrawing the notice of the discontinuance of a collection of information under control number 1210-0114, "Plan Assets"--Insurance Company General Accounts.
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