January 1, 2015 has come and gone. With respect to employee benefits, it will likely be remembered as the first day of ACA compliance for many employers. If the past year has been any indication, employers will continue to struggle with the specifics of compliance, but for the time being, the initial considerations are more focused on “where are we now” and how we manage going forward. So let’s look at […]
On December 17, 2014, the Alberta Government’s proposed amendments to the Personal Information Protection Act (PIPA), found in Bill 3, came into force.
The proposed amendments to PIPA and the motivation for the changes are discussed in our previous blog post.
The Government of Alberta was required to amend PIPA when the Supreme Court of Canada found it unconstitutional, on the basis that PIPA infringed on a labour union’s freedom of expression by limiting the union’s […]
The Internal Revenue Service has issued Notice 2014-74, updating its safe harbor model notices for use by qualified retirement plans to satisfy the special tax notice requirement under Section 402(f) of the Internal Revenue Code relative to recipients of eligible rollover distributions. The Notice explains why the changes were made and provides updated safe harbor model notices for distributions from both non-Roth and designated Roth accounts.
In general, administrators of qualified retirement plans must provide […]