Wayne Kemp wrote a great old song for Johnny Cash called “One Piece at a Time.” In it, Johnny sings of slowly piecing together his very own Cadillac using parts pilfered from his Detroit employer over a period of decades. The end […]
The latest reporting requirements related to the Affordable Care Act (ACA) seem to be a dizzying jumble of numbers and letters. Here’s the who, what, when, why and how of it: Why? Two new ACA reporting requirements are in effect for plan […]
A couple of years ago, I had a conversation with an older relative about claiming Social Security benefits. Like most people, he began getting Social Security at 62. When I said I hoped to wait until I reached 70, he was incredulous. […]
Defined benefit pension plan administrators: You might need to change your annual funding notice. The Department of Labor published a final rule in the Federal Register on February 2, 2015 clarifying the requirements under ERISA 101(f) that administrators of defined benefit plans, […]
During my morning commute, I’m usually thinking about my to-do list for the day, how to avoid the next traffic jam or what to make for dinner that night. I’ve spent my drive time thinking about a lot of things, but never a […]
Two friends of mine, both men, have been in a loving and committed relationship for several years. But until they got in their car and drove across the border to Iowa last October to get married, they weren’t afforded the spousal rights […]
Are your employees asking you for documentation of their employer-sponsored health coverage in 2014? Under the Affordable Care Act (ACA) employers may voluntarily, but are not required to, provide this information for 2014. For the 2014 tax year, the IRS does not […]
At the Annual Employee Benefits Conference in Boston last fall, International Foundation staff led a series of focus groups to collect direct feedback from members and provide assistance in driving strategic initiatives. One session gathered 13 representatives who serve jointly managed training […]
Enhancing the Canada Pension Plan (CPP) is expected to be an issue in October’s federal election, but in the meantime Ontario is moving forward with an effort to create its own Ontario Retirement Pension Plan (ORPP). The Ontario Ministry of Finance released […]
As a new employee at the International Foundation of Employee Benefit Plans, one of the first things I noticed was a big, beautiful yard in front of my new building (blanketed with snow, of course, because we’re in Wisconsin). When I commented […]
