PBGC Releases Technical Update on Reportable Events, Funding-Related Determinations, and Missed Quarterly Contributions
The Pension Benefit Guaranty Corporation (the ?Ç£PBGC?Ç¥) published Technical Update 13-1 (the ?Ç£Update?Ç¥) providing guidance on (i) funding-related determinations for purposes of waivers, extensions, and the advance reporting threshold test; and (ii) missed quarterly contributions. The Update is generally applicable for plan years commencing after 2012. A copy of the guidance is available here.
A Final Rule was released which amends the Health Insurance Portability and Accountability Act (?Ç£HIPAA?Ç¥) to incorporate the changes made by the Health Information Technology for Economic and Clinical Health Act (?Ç£HITECH?Ç¥) and the Genetic Information Nondiscrimination Act (?Ç£GINA?Ç¥), and to make HIPAA more ?Ç£workable?Ç¥ for covered entities, such as employer-sponsored group health plans. An Alert discussing the Final Rule can be found here.