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USA - November 21 2012
The FMLA, as relevant here, requires covered employers to provide eligible employees up to 12 weeks of unpaid leave due to a serious health condition (26 weeks for a serious injury or illness due to military service) and continuation of medical benefits for the 12-week (or 26-week) leave period.
USA - October 15 2012
Severance and other deferred compensation payments that are contingent on the execution of a release can in some circumstances result in a violation of Section 409A of the Internal Revenue Code.
USA - September 18 2012
On September 11, 2012, the IRS released guidance that is good news for most plan sponsors of underfunded single employer defined benefit pension plans (IRS Notices 2012-61 and 2012-56).
USA - July 18 2012
On July 16, 2012, the Department of Labor (DOL) published a direct final rule changing the mailing and email addresses that responsible plan fiduciaries may use in providing notice to the agency that a plan service provider failed to disclose complete and accurate fee disclosure as required under the agency’s new fee disclosure regulation.
USA - June 6 2012
The Department of Labor recently issued Field Assistance Bulletin 2012-02 (FAB 2012-02), which provides additional guidance in the form of frequently asked questions (FAQs) on the participant fee disclosure regulations.
