SAL TRIPODI - TRI Pension Services
Your Employee Retirement Income Security Act Resource

Pension News - What's New in 2021?

The following list tracks important guidance that are released during 2021. Except where noted, these items are summarized in detail, with appropriate commentary, in our quarterly newsletter, eRISA Update. See our Newsletters page to sign up for eRISA Update.

Last Updated: May 6, 2021

Legislative Developments

Treasury Regulations

IRS Guidance

  • 2021 annual update of general procedures for obtaining Employee Plans private letter rulings and determination letters, user fees for Employee Plans submissions, including VCP [Citation: Rev. Proc. 2021-4, 2021-1 I.R.B. (January 4, 2021)]
    Text available at https://www.irs.gov/pub/irs-irbs/irb21-01.pdf
  • Temporary relief that waives physical presence requirement for spousal consent if certain conditions are met is extended to June 30, 2021 [Citation: Notice 2021-03, 2021-2 (January 11, 2021; advance notice on December 22, 2020), modifying Notice 2020-42, 2020-26 I.R.B. (June 22, 2020)]
    Text available at https://www.irs.gov/pub/irs-drop/n-21-03.pdf
  • IRS issues 2021 covered compensation table [Citation: Rev. Rul. 2021-3, 2021-5 I.R.B. (February 1, 2021; advance release on January 15, 2021)]
    Text available at https://www.irs.gov/pub/irs-drop/rr-21-03.pdf
  • IRS guidance on legislative changes applicable to cafeteria plans [Citation: Notice 2021-15, 2021-10 I.R.B. (March 8, 2021); advance publication on February 18, 2021)]
    Text available at: https://www.irs.gov/pub/irs-drop/n-21-15.pdf
  • IRS website provides FAQs regarding the partial termination relief enacted as part of Consolidated Appropriations Act [Citation: Partial Termination of a Qualified Retirement Plan Under Section 209 of the Taxpayer Certainty and Disaster Tax Relief Act of 2020, Coronavirus-related relief for retirement plans and IRAs questions and answers, www.irs.gov (April 27, 2021)]
    Text available at:
    https://www.irs.gov/newsroom/coronavirus-related-relief-for-retirement-plans-and-iras-questions-and-answers#partial-termination

DOL Regulations

DOL Formal Guidance/Prohibited Transaction Exemptions

PBGC Regulations and Other Guidance

EBSA Advisory Opinions, Field Assistance Bulletins and other informal guidance from the DOL

ERISA Litigation

Miscellaneous Guidance

Pension News Quick Links

 


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