Thursday, April 23, 2009

IRS Notice 2009-31 – Election and Notice Procedures for Multiemployer Plans Under Sections 204 and 205 of WRERA

Part III --- Administrative, Miscellaneous, and Procedural

IRS Notice 2009-31 – Election and Notice Procedures for Multiemployer Plans Under Sections 204 and 205 of WRERA

Election and notice procedures for multiemployer plans under sections 204 and 205 of WRERA. This notice provides guidance for sponsors of multiemployer defined benefit plans relating to the elections described in sections 204 and 205 of the Worker, Retiree, and Employer Recovery Act of 2008, P.L. 110-458 (WRERA), and on the notice required to be provided if a plan sponsor makes an election under section 204.

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IRS Notice 2009-27 – Premium Assistance for COBRA Benefits

Part III --- Administrative, Miscellaneous, and Procedural

IRS Notice 2009-27 – Premium Assistance for COBRA Benefits

This notice provides guidance under section 3001 of the American Recovery and Reinvestment Act of 2009 relating to the premium reduction for individuals who were involuntarily terminated and are electing COBRA continuation coverage under the group health plan of their former employer.

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IRS Notice 2009-22 – Asset Valuation under Section 430(g)(3)(B) as amended by WRERA

Part III --- Administrative, Miscellaneous, and Procedural

IRS Notice 2009-22 – Asset Valuation under Section 430(g)(3)(B) as amended by WRERA

Asset valuation under section 430(g)(3)(B) as amended by WRERA. This notice provides interim rules regarding asset valuation methods that are permitted to be used by single employer defined benefit pension plans for minimum funding purposes pursuant to changes made by the Worker, Retiree, and Employer Recovery Act of 2008, Public Law 110-458 (WRERA). This notice also provides automatic approval for a change in asset valuation method for plan years beginning during 2009 to adopt any permissible asset valuation method.

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IRS Notice 2009-20 – Update for Weighted Average Interest Rates, Yield Curves, and Segment Rates

Part III --- Administrative, Miscellaneous, and Procedural

IRS Notice 2009-20 – Update for Weighted Average Interest Rates, Yield Curves, and Segment Rates

Weighted average interest rate update; corporate bond indices; 30-year Treasury securities; segment rates. This notice contains updates for the corporate bond weighted average interest rate for plan years beginning in March 2009; the 24-month average segment rates; the funding transitional segment rates applicable for March 2009; and the minimum present value transitional rates for February 2009.

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Wednesday, April 15, 2009

Employee Plans News - Special Edition, April 2009

The IRS published Employee Plans News - Special Edition, April 2009:

Announcement 2009-34 - Request for Comments on Revenue Procedure for §403(b) Prototype Plans and Sample Plan Language