Social Security

Updates

protected content Tax Breaks for Donations to Victims of Hurricane Matthew

Employers and employees who participate in donation programs to aid victims of Hurricane Matthew will receive special tax breaks, the Internal Revenue Service said Thursday… More

2016 Election: What Happens Now for Retirement Policy

As Senior Vice President for Retirement Policy at The ERISA Industry Committee (ERIC) and a political enthusiast, I have closely followed this election cycle and was surprised at the lack of focus on retirement policy, including Social Security, throughout the Presidential, Senate, and Congressional races… More

protected content IRS Announces 2015 Pension Plan Limits; PBGC Updates Website Showing 2015 Premiums, Maximum Benefits

The Internal Revenue Service on October 23 released the annual cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2015. Meanwhile, the Pension Benefit Guaranty Corporation (PBGC) updated its website to show the premium rates and maximum guaranteed benefit for 2015. … More

protected content Senate Finance Committee Holds Hearing on Retirement Savings Policy

Today, the Senate Finance Committee held a hearing on “Retirement Savings 2.0: Updating Savings Policy for the Modern Economy.” Chairman Ron Wyden (D-OR) opened the hearing by stating that it appears tax incentives for retirement savings are not skewed towards those Americans who need them the most. … More

protected content Agencies Issue New Guidance on Same-Sex Married Couples

The Department of Labor (DOL) and Social Security Administration recently issued new guidance on the treatment of same-sex couples for purposes of the Family and Medical Leave Act (FMLA) and entitlement to Social Security benefits.… More

See All Updates

Court Rulings

protected content U.S. Supreme Court Issues Adverse Decision in U.S. v. Quality Stores

The U.S. Supreme Court issued its decision today in U.S. v. Quality Stores, Inc. The case involved whether severance payments made because of involuntary separation from employment are considered “wages” and therefore subject to the FICA payroll tax. … More

protected content Supreme Court Invalidates DOMA and Dismisses California Proposition 8 Appeal

The U.S. Supreme Court has issued its long-awaited decisions on the constitutionality of same-sex marriages. The Court’s holdings in these cases could have a significant impact on the manner in which employee benefit plans need to be operated. The Court heard two cases involving same-sex marriages – one involving state law and the other involving federal law.… More

More Court Rulings

Government Reports

protected content IRS Announces 2015 Pension Plan Limits; PBGC Updates Website Showing 2015 Premiums, Maximum Benefits

The Internal Revenue Service on October 23 released the annual cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2015. Meanwhile, the Pension Benefit Guaranty Corporation (PBGC) updated its website to show the premium rates and maximum guaranteed benefit for 2015. … More

protected content CBO Report on Deficit Reduction Options Includes Retirement and Health Tax Incentives

The Congressional Budget Office (CBO) released a report entitled “Options for Reducing the Deficit 2014-2023,” which contains 103 options for cutting the U.S. government’s deficit, including policy options related to retirement and health spending and tax incentives. … More

More Government Reports

Judicial Documents

protected content U.S. Supreme Court Issues Adverse Decision in U.S. v. Quality Stores

The U.S. Supreme Court issued its decision today in U.S. v. Quality Stores, Inc. The case involved whether severance payments made because of involuntary separation from employment are considered “wages” and therefore subject to the FICA payroll tax. … More

protected content Supreme Court Invalidates DOMA and Dismisses California Proposition 8 Appeal

The U.S. Supreme Court has issued its long-awaited decisions on the constitutionality of same-sex marriages. The Court’s holdings in these cases could have a significant impact on the manner in which employee benefit plans need to be operated. The Court heard two cases involving same-sex marriages – one involving state law and the other involving federal law.… More

More Judicial Documents

Legislative Documents

protected content Senate Finance Committee Holds Hearing on Retirement Savings Policy

Today, the Senate Finance Committee held a hearing on “Retirement Savings 2.0: Updating Savings Policy for the Modern Economy.” Chairman Ron Wyden (D-OR) opened the hearing by stating that it appears tax incentives for retirement savings are not skewed towards those Americans who need them the most. … More

protected content CBO Report on Deficit Reduction Options Includes Retirement and Health Tax Incentives

The Congressional Budget Office (CBO) released a report entitled “Options for Reducing the Deficit 2014-2023,” which contains 103 options for cutting the U.S. government’s deficit, including policy options related to retirement and health spending and tax incentives. … More

protected content Attention Turns to Budget Conference Following Agreement to Reopen the Government

Now that Washington lawmakers temporarily resolved the government shutdown that was plaguing the city over the past two weeks, attention turns to an upcoming budget conference between the House and Senate and whether the lawmakers can come to an agreement on the parameters for tax and entitlement reform, and fund the government for the rest of the current fiscal year, which began on October 1.… More

More Legislative Documents

Letters to Agencies

protected content Response from Commerce Department on Letter on Access to Death Master File

We wanted to provide an update regarding the letter that ERIC and other trade associations sent to the Commerce Department on access to the Death Master File (“DMF”). The Commerce Department confirms that user access to the DMF will continue uninterrupted under the existing process. … More

More Letters to Agencies

Regulatory Documents

protected content IRS Announces 2015 Pension Plan Limits; PBGC Updates Website Showing 2015 Premiums, Maximum Benefits

The Internal Revenue Service on October 23 released the annual cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2015. Meanwhile, the Pension Benefit Guaranty Corporation (PBGC) updated its website to show the premium rates and maximum guaranteed benefit for 2015. … More

protected content Agencies Issue New Guidance on Same-Sex Married Couples

The Department of Labor (DOL) and Social Security Administration recently issued new guidance on the treatment of same-sex couples for purposes of the Family and Medical Leave Act (FMLA) and entitlement to Social Security benefits.… More

protected content NTIS Opens Temporary Certification Program for Death Master File Access

The National Technical Information Service on March 24 released an interim final rule establishing a certification program under which persons may obtain immediate access to the Social Security Death Master File (DMF). … More

protected content Treasury and IRS Issue Guidance on DOMA Issues (but NOT retroactive effect)

Today, the Treasury Department and Internal Revenue Service (“IRS”) issued Revenue Ruling 2013-17, which provides guidance on the treatment of same-sex married couples for federal income tax purposes, including for some issues relating to retirement benefits. … More

protected content Treasury Provides Initial Important Guidance on DOMA

Treasury and the IRS published long-awaited guidance today on the application of the Supreme Court’s decision on June 26, 2013, to invalidate section 3 of the DOMA (which had prevented federal recognition of same-sex marriages.) … More

More Regulatory Documents

Testimony

protected content Senate Finance Committee Holds Hearing on Retirement Savings Policy

Today, the Senate Finance Committee held a hearing on “Retirement Savings 2.0: Updating Savings Policy for the Modern Economy.” Chairman Ron Wyden (D-OR) opened the hearing by stating that it appears tax incentives for retirement savings are not skewed towards those Americans who need them the most. … More

More Testimony