Defined benefit plan

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on September 27, 2023, for California Tropical Storm Hilary, for the incident period of August 19 – August 21, 2023.

The IRS has announced the postponement of certain tax-related deadlines for victims of Hurricane Lee.

The IRS has announced the postponement of certain tax-related deadlines for victims of Hurricane Lee.

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on September 21, 2023, for Missouri severe storms, straight-line winds, tornadoes, and flooding, for the incident period of July 29 – August 14, 2023.

The House Education and Workforce Committee held a mark-up of several proposals, including four bills (previously announced), which would amend ERISA related to proxy voting, fiduciary duties, and notice requirements for brokerage windows.

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on September 14, 2023, for New Hampshire severe storms and flooding, for the incident period of July 9, 2023 – July 17, 2023.

The IRS has issued Revenue Ruling 2023-18, which contains the applicable federal rates (AFR) for October 2023.

The IRS has issued Notice 2023-66, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.

The IRS has announced the postponement of certain tax-related deadlines for victims of Hurricane Idalia in parts of Georgia.

The IRS has issued Revenue Procedure 2023-31, which addresses requests for undue hardship waiver or administrative exception from the electronic filing requirements for Form 8955-SSA, Annual Registration Statement Identifying Separated Participants With Deferred Vested Benefits, and Form 5500-EZ, Annual Return of A One Participant (Owners/Partners and Their Spouses) Retirement Plan or A Foreign Plan.