Today in ERISA History

April 5, 2011 – The Dept. of Labor announces Technical Revisions to Actuarial Information on Form 5500 Annual Return/Report for Pension Plans Electing Funding Alternatives Under Pension Relief Act of 2010. The Pension Relief Act, Pub. L. 111-192, 124 Stat. 1280 (2010) was signed into law by President Obama on June 25, 2010. It provided retroactive pension funding relief for single employer and multiemployer defined benefit pension plans, and that funding relief required certain technical revisions to Form 5500 Schedule MB and SB. Without these revisions, the DOL said that accurate and complete Schedules MB and SB could not be filed with respect to plans to which the funding relief applies because complying IRS Notice 2010-83 and Notice 2011-3 required certain information to be included.