David M. PixleyBlog Posts
What Took So Long? Democrats Quickly Introduce Pension Relief BillHouse Ways and Means Committee Chairman Richard Neal (D-Mass.) introduced the Emergency Pension Plan Relief Act of 2021 (EPPRA) on January 21, 2021. EPPRA represents the latest legislative attempt to address the well-documented multiemployer pension crisis. EPPRA is significant in that it is the first legislation introduced by Chairman Neal under the Biden administration, signaling a possible... Continue Reading…January 24, 2021 |
What Took So Long? Democrats Quickly Introduce Pension Relief BillHouse Ways and Means Committee Chairman Richard Neal (D-Mass.) introduced the Emergency Pension Plan Relief Act of 2021 (EPPRA) on January 21, 2021. EPPRA represents the latest legislative attempt to address the well-documented multiemployer pension crisis. EPPRA is significant in that it is the first legislation introduced by Chairman Neal under the Biden administration, signaling a possible...… Continue ReadingJanuary 24, 2021 |
Manufacturers and Multiemployer Pensions — The Importance of Monitoring Withdrawal LiabilityApproximately a quarter of the workforce covered by a traditional pension plan is in a multiemployer plan, according to the U.S. Bureau of Labor Statistics. Many manufacturers that participate in such plans are unaware their largest contingent liability may stem from their allocable share of unfunded vested benefits or withdrawal liability. More info…… Continue ReadingDecember 8, 2020 |
Guidance to Make Us Feel More SECURENotice 2020-68 from the IRS provides valuable clarification for sponsors of qualified plans, 403(b) plans, and 457(b) governmental plans, as well as IRA holders, related to certain provisions in the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) and the Bipartisan American Miners Act of 2019. A new tax credit under the...… Continue ReadingSeptember 7, 2020 |
COVID-19 Update – Ohio Issues FAQs on Health Insurance Flexibility for EmployersAs previously discussed, the Ohio Department of Insurance (ODI) issued guidance pursuant to Governor Mike DeWine’s emergency declaration and order from March 9, 2020. Under Bulletin 2020-03, the ODI lifted certain restrictions for group health plans, limited premium increases, and expanded the rules for the continuation of coverage. Recently, the ODI issued FAQs to clarify...… Continue ReadingMarch 30, 2020 |
COVID-19 Update – Ohio Changes Rules for Health Insurance CoverageThe Ohio Department of Insurance (ODI) has issued guidance pursuant to Governor Mike DeWine’s emergency declaration and March 9, 2020, order directing state agencies to implement procedures consistent with recommendations from the Department of Health. The ODI guidance applies to insurance companies, multiple employer welfare arrangements, non-federal governmental health plans, and other entities subject to...… Continue ReadingMarch 23, 2020 |