December 10, 2015
On December 9, the Internal Revenue Service released Notice 2015-86, which provides guidance on how the U.S. Supreme Court’s decision in Obergefell v. Hodges affects benefit plans, including retirement plans and group health plans. In Obergefell, the Court ruled that the U.S. Constitution requires all states to issue marriage licenses to same-gender couples on the same terms and conditions that apply to opposite-gender spouses, and to recognize legal same-gender marriages entered into in other states. The Notice confirms that tax-qualified retirement plans are not required to make any amendments as a result of Obergefell. In addition, the Notice confirms that plan sponsors that permitted mid-year enrollment of same-gender spouses could do so under election change rules contained in the typical section 125 cafeteria plan. For more information on Obergefell, please see Sibson Consulting's July 1, 2015 Update.
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