ERISA News

The IRS has announced the postponement of certain tax-related deadlines for victims of Typhoon Halong until May 1, 2026.

The Pension Benefit Guarantee Corporation (PBGC) has updated its table titled, “Present Value of PBGC Maximum Guarantee,” to reflect applicable values for distributions with annuity starting dates during calendar year 2026.

Effective October 29, 2025, the prime interest rate was lowered from 7.25 percent to 7.00 percent.

The Internal Revenue Service has announced the postponement of certain tax-related deadlines for North Dakota and South Dakota victims of severe storms and flooding in Sisseton-Wahpeton Oyate located in Lake Traverse Reservation until February 2, 2026.

The Internal Revenue Service has released a draft 2025 tax year Publication 590-A, Contributions to Individual Retirement Arrangements (IRAs).

The Pension Benefit Guarantee Corporation has determined premium rates applicable for the 2026 plan year in accordance with indexing rules provided in ERISA Section 4006. 

The Social Security Administration (SSA) has issued the 2026 adjustments for benefits and certain other limitations that are subject to annual cost-of-living adjustment (COLA) indices. One of these includes the increase in the Social Security taxable wage base (TWB)—the maximum amount of yearly earnings subject to Social Security taxes.

The Internal Revenue Service has issued an updated draft Form 5330, Return of Excise Taxes Related to Employee Benefit Plans.

The Federal Emergency Management Agency (FEMA) issued Major Disaster Declarations on October 22, 2025, for the following disasters. 

Alaska Severe Storms, Flooding, and Remnants of Typhoon Halong, for the incident period October 8, 2025 – October 13, 2025. 

North Dakota Severe Storms, Straight-line Winds, and Tornadoes, for the incident period August 7, 2025 – August 8, 2025. 

Leech Lake Band of Ojibwe Severe Storms and Straight-Line Winds, for the incident period June 21, 2025. 

Nebraska Severe Storms, Straight-line Winds, and Flooding, for the incident period August 8, 2025 – August 10, 2025. 

The Internal Revenue Service has posted draft Instructions for Form 8881, Credits for Small Employer Pension Plan Startup Costs, Contributions, Auto-Enrollment, and Military Spouse Participation.