EMPLOYEE PLANS

NOTICE 2020-81, page 1454. This notice sets forth updates on the corporate bond monthly yield curve, the corresponding spot segment rates for November 2020 used under § 417(e)(3)(D), the 24-month average segment rates applicable for November 2020, and the 30-year Treasury rates, as reflected by the application of § 430(h)(2)(C)(iv).

NOTICE 2020-82, page 1458. This notice provides that the IRS will treat a contribution to a single-employer defined benefit pension plan with an extended due date of January 1, 2021 pursuant to § 3608(a) (1) of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), Pub. L. No. 116-136, as timely if it is made no later than January 4, 2021 (which is the first business day after January 1, 2021).

T.D. 9929, page 1220. These final regulations respond to Executive Order 13877, “Executive Order on Improving Price and Quality Transparency in American Healthcare to Put Patients First” and are intended to increase consumer access to price information for health costs when third-party payers are involved. The final regulations set forth requirements for non-grandfathered group health plans and health insurance issuers of non-grandfathered coverage offering group health insurance coverage to disclose to a participant, beneficiary, or authorized representative for such individual, their cost-sharing liability for covered items or services from a particular provider. Under the final regulations, group health plans and health insurance issuers are required to make such information available for covered items and services through an internet website and through non-internet means. The final regulations also require plans and issuers to disclose provider negotiated rates and out-of-network provider allowed amounts through three machine-readable files posted on an internet website.

Finding Lists begin on page ii.

T.D. 9930, page 1400. This document sets forth final regulations providing guidance relating to the life expectancy and distribution period tables that are used to calculate required minimum distributions from qualified retirement plans, individual retirement accounts and annuities, and certain other tax-favored employer-provided retirement arrangements. These regulations affect participants, beneficiaries, and plan administrators of these qualified retirement plans and other tax-favored employer-provided retirement arrangements, as well as owners, beneficiaries, trustees and custodians of individual retirement accounts and annuities.