IRS Issues New Mortality Table Regulations Effective January 1, 2024
November 4, 2023ARPA Includes Key Funding Relief Provisions
March 19, 2021SOA Releases Mortality Improvement Scale MP-2019
When the Society of Actuaries (SOA) released the RP-2014 mortality table in 2014, they included mortality improvement scale MP-2014. The purpose of this scale is to reflect mortality improvement into...
Read morePBGC Releases Latest Projections
The Pension Benefit Guaranty Corporation (PBGC) released its fiscal 2018 projections report in August 2019. The PBGC operates insurance programs for Single-Employer and Multiemployer pension plans and...
Read moreChanges to the ACA Affordability Standard for 2020
Recently, the IRS issued Revenue Procedure Bulletin 2019-29, which decreases the affordability percentage under the Employer Mandate. The “affordability standard” is a component of ACA that is...
Read moreNew GASB Exposure Draft Would Alter 457 Plan Reporting
The Governmental Accounting Standards Boards (GASB) released a new exposure draft in June 2019 entitled “Internal Revenue Code Section 457 Deferred Compensation Plans That Meet the Definition of a...
Read moreNew SOA Mortality Tables for Private Sector Retirement Plans
Last month (May 2019), the Society of Actuaries (SOA) released an exposure draft of the Pri-2012 Mortality Tables for private-sector retirement plans. These new tables are based on data collected for...
Read moreU.S. House Passes Retirement Legislation
On May 23, the U.S. House of Representatives passed a bill that would directly impact retirement benefits across the nation. The bill, entitled the Setting Every Community Up for Retirement...
Read more2020 HSA Limits and ACA Out-Of-Pocket Maximums
The IRS has issued Revenue Procedure 2019-25 to announce the 2020 contribution limits and high deductible health plan (HDHP) design requirements. The new HSA contribution limits will become effective...
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