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Final Rule Addresses PBGC Special Financial Assistance Program

Final Rule Addresses PBGC Special Financial Assistance Program

by PC Editorial Staff | Jul 12, 2022 | American Rescue Plan Act (ARPA), Employee benefit plans

On July 8th, 2022, the Pension Benefit Guaranty Corporation (PBGC) published a final rule addressing PBGC special financial assistance into the Federal Register. The final rule would allow up to $91 billion for financially troubled multiemployer pension plans....
IRS Updates Guidance on Paid Sick Leave Tax Credits

IRS Updates Guidance on Paid Sick Leave Tax Credits

by Editorial Staff | Aug 9, 2021 | American Rescue Plan Act (ARPA), IRA, paid sick leave

Under the American Rescue Plan Act of 2021 (ARP), sick leave tax credits are available to covered employers. On July 29th, 2021, the Internal Revenue Service (IRS) updated its guidance on those available tax credits. Previously, the IRS released information on...

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