10/01/2012-Washington Update Conference Call Monday, October 1, 2012 (11am - 12pm US/Eastern)

Monday, October 1, 11:00 AM – 12:00 Noon, EDT

All ERIC members are invited and encouraged to participate in these monthly conference calls.

While the House and Senate have recessed until after the November elections, both parties are preparing for the post-election lame duck session to address the so-called fiscal cliff set to occur at the end of this year, including the fate of the 2001, 2003, and 2010 tax cuts, and the automatic budget cuts under the sequestration process. As lawmakers look for revenue in order to extend the tax cuts and prevent the budget cuts from taking effect, benefit issues could come into play.

The regulators remain busy, however, issuing much-needed guidance on the relative application of the MAP-21 segment rates for single-employer defined benefit plans under the Moving Ahead for Progress in the 21st Century Act (MAP-21). As part of that guidance, the IRS noted that the hybrid plan final regulations relating to market rate of return will not be effective for plan years beginning before January 1, 2014. In addition, case law developments continue to impact benefit plans and will be discussed briefly on the call.

Join us on Monday, October 1 to hear from ERIC's Health and Retirement staff for an update on these latest developments, and what else we are likely to see in the coming weeks.

To register for the call, click on the Register Now link at the top of this page (you will need your username and password to register) and follow the directions to register.

If you have any questions about the call or obtaining your username and password, please e-mail memberservices@eric.org or call the ERIC staff (202-789-1400).