The massive $2,000-per-full-time-employee penalty will not apply so long as employers offer coverage to at least 95 percent of their full-time employees and their dependents up to age 26, the IRS said.
Retirement plans are in congressional crosshairs for one basic reason: the tax-deductible contributions made to the plans cost the government tens of billions of dollars a year in reduced tax revenues.
Missouri lawmakers on Sept. 12 overrode Gov. Jay Nixon's veto of legislation that would allow employers and insurers to deny contraceptive coverage, setting the stage for yet another legal battle over contraceptive coverage.
The purpose of the center, Marsh & McLennan announced Oct. 4, ‘will be to become a catalyst for new ideas and perspectives on retirement and to educate the public and key constituents on retirement public policy issues.’