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Government-Issue Foglights

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(5) Identification and basic plan information and actuarial information included in the annual report for any plan year shall be filed with the Secretary in an electronic format which accommodates display on the Internet, in accordance with regulations which shall be prescribed by the Secretary. The Secretary shall provide for display of such information included in the annual report, within 90 days after the date of the filing of the annual report, on an Internet website maintained by the Secretary and other appropriate media. Such information shall also be displayed on any Intranet website maintained by the plan sponsor (or by the plan administrator on behalf of the plan sponsor) for the purpose of communicating with employees and not the public, in accordance with regulations which shall be prescribed by the Secretary.

– ERISA §104(b)(5) as added by §504(a) of the Pension Protection Act of 2006, effective for plan years beginning on or after January 1, 2008

As always, Mary Walsh does well in her Feb 3 NYT article, Trying to Clear Fog From Pension Plans, even with the mild mix-and-match of single-employer pension plan requirements with multiemployer pension plan ones. Her article would have had a somewhat sharper edge to it, however, had she reached as far as one of PPA’s provisions, quoted above – a promise that if kept, ought rather alter the landscape currently occupied by FreeERISA, among others.

bumper sticker [www.internetbumperstickers.com] - actuary

Written by macheide

6 February 2008 at 1:20 pm

Posted in άctuary

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