Supreme Court Rules That ERISA Preempts State Patients' Rights Laws
The U.S. Supreme Court has ruled that ERISA preempts state laws that allow health plan participants to sue their health plans for denying coverage. Court Finds Cash Balance Plans Nondiscriminatory, Treasury Withdraws Regulations, Legislators Plan Hearings
The controversy surrounding cash balance and other hybrid pension plans shows no signs of letting up. Supreme Court Rules ERISA Prohibits Retroactive Changes to Plan Benefit Suspension Terms
In Central Laborers’ Pension Fund v. Heinz, the Supreme Court ruled that ERISA’s anti-cutback rule prohibits changes to a pension plan’s suspension-of-benefits rules that would reduce benefits for employees who continue working after retirement. Nonqualified Deferred Compensation Legislation Has Broad Implications
On June 17, the House approved the American Jobs Creation Act (H.R.4520), which would make several significant changes to the rules on nonqualified deferred compensation (NQDC). IRS Extends Effective Date of Relative Value Regulations — With One Exception
On June 8, Senator Tom Harkin (D-Iowa) sent a letter to Treasury Secretary John Snow stating that he does not object to the proposed delay of the effective date of the relative value regulations, except as they pertain to lump sum distributions. IRS Issues Final Section 401(a)(9) Minimum Distribution Regulations
The IRS has issued comprehensive final regulations on required minimum distributions under Code section 401(a)(9). DOL Issues Final COBRA Regulations on Notice and Disclosure
The U.S. Department of Labor (DOL) has issued final COBRA regulations addressing notice
and disclosure. IRS Releases Guidance on Taxation of Pension Distributions to Nonresident Aliens
The IRS has released guidance on determining the appropriate U.S. tax treatment for a distribution from a U.S. qualified plan to a nonresident alien participant. News in Brief
Prescription Drug Importation Activities Continue, House Approves Stock Option Accounting Legislation
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