Tag: procedures

It’s PPA Restatement Time! … Wait, What’s That?

By Brandy Cross, Milliman Have you heard about PPA restatements but aren’t sure what’s required? Let’s start with some background on the process, and then describe steps that retirement plan sponsors should take to implement it. All plans that use a preapproved plan document must be restated before April 30, 2016. Failure to amend by this date will […]

OFCCP Would Ban Pay Secrecy Policies by Federal Contractors in Proposed Rule

The Office of Federal Contract Compliance announced a proposed rule Sept. 15 to prohibit pay secrecy policies at government contractor firms. The proposal is the result of an executive order signed by President Obama in April requiring federal contractors to abide by pay transparency rules. “Under the terms of the proposal, federal contractors and subcontractors […]