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Results: 1-5 of 5

PBGC provides “Box 5” relief to certain premium filers - immediate action may be required

  • McDermott Will & Emery
  • -
  • USA
  • -
  • June 23 2010

The Pension Benefit Guaranty Corporation has issued Technical Update 2010-2, which may provide relief to plans that intended to use the alternative premium funding target, but did not make the appropriate election on their comprehensive premium filing

California adopts favorable federal tax treatment of health coverage for adult children under age 27

  • McDermott Will & Emery
  • -
  • USA
  • -
  • May 16 2011

Employers and plan administrators that have operations in California should take steps to ensure that their reporting and payroll systems comply with recent state law changes affecting health coverage provided to children under age 27

Third Circuit holds that a portion of post-petition withdrawal liability in bankruptcy is entitled to priority over general unsecured claims

  • McDermott Will & Emery
  • -
  • USA
  • -
  • October 3 2011

Recently, the Third Circuit held that withdrawal liability triggered after a bankruptcy filing date may be apportioned to pre- and post-petition service for the debtor, and that the withdrawal liability attributable to post-petition service may be entitled to priority over general unsecured claims under the Bankruptcy Code

California adopts federal tax treatment of health coverage for adult children

  • McDermott Will & Emery
  • -
  • USA
  • -
  • May 23 2011

On April 7, 2011, Governor Jerry Brown signed into law California Assembly Bill 36 (AB 36

IRS announces employee benefit plan limits for 2012

  • McDermott Will & Emery
  • -
  • USA
  • -
  • October 25 2011

The Internal Revenue Service (IRS) recently announced 2012 cost-of-living adjustments to the applicable dollar limits for various employer-sponsored retirement and welfare plans