By Staff Report
Dec. 2, 2010
The Internal Revenue Service has extended the deadline to Dec. 31, 2011, for employers to formally amend their defined benefit pension plans to reflect plan design changes mandated by several recent federal laws.
The one-year extension granted by the IRS, in Notice 2010-77, does not change the effective dates of various requirements, such as one that requires full vesting of benefits earned by employees in cash balance plans after three years of service.
The one-year extension will give employers more time to prepare plan documents, which will be very welcome, said Alan Glickstein, a senior consultant with Towers Watson & Co. in Dallas.
Notice 2010-77 may be viewed online at www.irs.gov.
We build robust scheduling & attendance software for businesses with 500+ frontline workers. With custom BI reporting and demand-driven scheduling, we help our customers reduce labor spend and increase profitability across their business. It's as simple as that.
BenefitsEEOC says that employers legally can offer incentives to employees to get vaccinated in almost all instances
If you’re an employer looking to get as many of your employees vaccinated as possible, you can rest eas...
ADA, CDC, COVID-19, EEOC, GINA, pandemic, vaccinated
BenefitsFixing some common misconceptions about HIPAA
Ever since the CDC amended its COVID-19 guidance to say that the fully vaccinated no longer need to wea...
COVID-19, health care, HIPAA, human resources, wellness
BenefitsWe are in the midst of a public mental health crisis; how employers can help
Do not ignore these issues or your employees who are living with them. Mental health illnesses are no d...
ADA, benefits, Coronavirus, FMLA, mental health, paid time off