Global Employment Law - Global News & Commentary on Labor and Employment Issues Worldwide

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IRS Provides Form 5500 Guidance for Plans Seeking Special Funding Relief
The Internal Revenue Service has issued two notices explaining that sponsors of single- and multi-employer defined pension plans can still elect funding relief provided by the newly-enacted Preservation of Access to Care for Medicare Beneficiaries and Pension Relief Act. Read the full post here. (August 9)

PBGC Proposes Rule to Clarify its Regulations on Liability for Termination of Single-Employer Plans
The Pension Benefit Guaranty Corporation (PBGC) will issue a proposed rule providing guidance on the applicability and enforcement of section 4062(e) of the Employee Retirement Income Security Act (ERISA). Read the full post here. (August 9)

Proposed Rule Would Amend Union Disclosure Form LM-30
The Department of Labor's Office of Labor-Management Standards has published a proposed rule to modify union disclosure Form LM-30 and its instructions. Read the full post here. (August 10)

Bill Would Create Automatic IRA Enrollment Program
A bill introduced in both the House and Senate would establish an automatic individual retirement account (IRA) enrollment program for employees at firms with more than 10 employees that do not already maintain a qualified retirement plan. Read the full post here. (August 13)

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