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Implementing an Integrated Absence Management Program - An Employee Life Cycle Approach
Tuesday, September 26, 2017
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Interested in Joining the Milwaukee Chapter?
There's no time like the present! Milwaukee Chapter membership is open to CEBS students and graduates. Benefits include discounted registration for chapter programs, networking opportunities and much more! Any board member can provide additional information. Register online at www.iscebs.org
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2017 Symposium - Register Today!
Click on the image below for program information.
TUESDAY, SEPTEMBER 19
11:15 a.m.-12:15 p.m.
Chapter Member, Steven Grieb, CEBS, will be speaking on the following topic:
The IRS Retirement Plan Correction Program Retooled for 2017
Speaker: Steven Grieb, CEBS, Director of Regulatory Services, Empower Retirement, Milwaukee, Wisconsin
In October 2016, the IRS comprehensively overhauled the Employee Plans Compliance Resolution System (EPCRS). Though it maintained the three-component structure of the EPCRS, IRS added significant changes, include how having (or not having) a determination letter impacts when a plan can self-correct an error. The new procedure also contains a number of other significant changes, including sanction amounts under Audit CAP, anonymous VCP filings, failing to autoenroll a participant or to implement a deferral election, overpayments to participants, how to address “egregious failures,” finding lost participants, listing of new IRS filing fees, and correcting nonamender failures. As a rule, the changes to the EPCRS are positive from the perspective of plan sponsors and service providers.
• What’s changing from the prior version of the EPCRS, and what’s staying the same
• When can an error be self-corrected, and when should a plan file a VCP application with the IRS?
• How having a determination letter (or relying on a preapproved plan opinion or advisory letter) impacts a plan’s correction alternatives
About the Program
Enroll in the new Certified Employee Benefits Specialist® (??CEBS) program and earn the most respected designation in the benefits industry. You'll learn from health and retirement curriculum—Streamlined core courses, laser-focused content and less breadth and more depth mean now you can learn more in less time.
The Group Benefits Associate (GBA) and the Retirement Plans Associate (RPA) form the core of the CEBS curriculum. Earn a designation in each of the specialty tracks and, at the same time, receive credit that will qualify toward earning the CEBS designation, which carries a five-course requirement.
Certificate of Employee Benefits Specialist (CEBS)
The CEBS designation is a credential that is recognized for the depth and relevance of critical knowledge achieved. It draws from the GBA and RPA curriculum to build a total benefits perspective and is achieved by successfully completing all five required courses.