Defined benefit plan

The IRS released a draft 2026 Publication 15-A, Employer’s Supplemental Tax Guide (Supplement to Pub. 15, Employer’s Tax Guide). This publication, as a supplement to Publication 15, contains specialized and detailed employment tax information supplementing the basis information provided in Publication 15, including information for pensions and annuities. 

The IRS has posted another draft 2025 Form 8880, Credit for Qualified Retirement Savings Contributions.

Representatives Scott Peters (D-CA) and Norma Torres (D-CA) have introduced H.R. 5887, the Saving for the Future Act. According to a fact sheet, the bill would require employers with more than 10 workers to provide employer contributions to a savings plan of at least 50 cents per hour worked.

The Internal Revenue Service has released a draft 2025 tax year Publication 590-B, Distributions from Individual Retirement Arrangements (IRAs). Publication 590-B explains the rules for receiving distributions from IRAs – including inherited IRAs – and penalties and taxes that apply when rules aren’t followed.

Senator Bill Cassidy (R-LA) has reintroduced S. 3086, the Restoring Integrity in Fiduciary Duty Act and Senator Jim Banks (R-IN) has introduced S. 3083, the Providing Complete Information to Retirement Investors Act.

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