Retirement plan sponsors have a relatively short list of employee benefit changes that begin on or around January 1, 2019. However, some changes were announced so long ago that they could be easily forgotten.
Mortality rates are improving at a slower rate than previously observed, leading to lower pension obligations for the next round of accounting measurements. A similar decrease for funding, PBGC, and lump sums will follow in 2020.
The Internal Revenue Service (IRS) recently gave employers and their advisors hope that attractive, affordable student loan debt assistance programs are just around the corner.
This Findley white paper takes a deep dive into the simple phrase “actuarially sound” which can be a source of confusion for government entity stakeholders.
Reorganization of how portions of net periodic cost are recognized in a pension plan sponsor’s income statement is effective for privately held entities beginning after December 15, 2018.
Findley Focus is published by Findley to provide general information about recent developments and current topics in employee benefits. The information provided is a summary and should not be relied upon in lieu of the full text of a particular law, regulation, notice, opinion, legislative proposal or other pertinent information, and the advice of your legal counsel. Findley does not practice law or accounting, and this publication is not legal or tax advice. Legal issues concerning your employee benefit plans should be discussed with your legal counsel.
