New pension regulations affect plan administration
Article Abstract:
The Dept. of Labor has implemented a new regulation that reduces the time period in which employers must deposit the money withheld from their employees into pension trusts. The IRS has made a similar regulation requiring employees who have withheld more than $50,000 to make tax deposits at a Federal Reserve bank or any authorized institution. The new regulations are aimed at preventing losses that may occur when the employers keep withheld contributions for a long time period.
Publication Name: Pension Management
Subject: Human resources and labor relations
ISSN: 1078-9766
Year: 1996
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Federal agencies issue pension plan guidelines
Article Abstract:
The IRS and the Dept. of Labor (DOL) have issued new guidelines governing the filing and auditing of employee benefit plans. The DOL launched an amnesty program for filing delinquent plan reports in preparation for the imposition of a new penalty system for late filings. Meanwhile, the IRS issued new audit guidelines for Section 403(b) arrangements, tax-exempt pension programs and other government educational programs.
Publication Name: Pension Management
Subject: Human resources and labor relations
ISSN: 1078-9766
Year: 1995
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