President Offers ''Helping Hand'' with Prescription Drugs
Figuring out the best way to provide affordable prescription drugs to America's seniors has been hotly debated for several years, and recent escalating drug costs have focused even more attention on the issue. Executive Pay in the Land of Opportunity
Executive pay in the United States reflects one of the founding values of our country: It is the land of opportunity. This year's report on executive pay reinforces this belief and confirms findings from previous years; namely, that there is a correlation between executive pay programs and company performance. 2000 Form 5500 Changes
The 2000 Form 5500 has some new features, including changes in ERISA Filing Acceptance System (EFAST) processing, a new EFAST help line and financial reporting requirements for certain plan investments. Proposed Minimum Distribution Rules
This article highlights recent proposed changes to the 1987 proposed regulations under Section 401(a)(9). The 2001 proposed rules provide a uniform table for calculating annual minimum distribution amounts from individual account plans, allow more time to identify beneficiaries after an employee's death, extend the deadline for providing documentation to plan administrators on trust beneficiary designations, and propose other changes to the minimum distribution rules. IRS Issues Final COBRA Regulations
In 1999, the IRS issued both proposed and final regulations regarding continuation of group health coverage under COBRA. Recently, the IRS issued another set of final regulations, which finalize (with limited modifications) the 1999 proposed COBRA regulations and amend the 1999 final COBRA regulations. IRS Releases Final Transportation Regulations
The value of qualified transportation fringe benefits is excluded from an employee's gross income, as long as it is within a statutory monthly limit. After previously issuing notices, proposed regulations and announcements, the IRS recently issued final regulations that provide employers with "one-stop shopping" for qualified transportation plans.
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