California's vast public employee and teacher retirement systems, CalPERS and CalSTRS, have agreed to a new options policy for their investments in the 1,000 largest public companies.
The Employee Plans subgroup of the IRS Advisory Committee on Tax Exempt and Government Entities (ACT) is conducting its 2015/2016 project on the IRS's decision to eliminate most determination letters for individually designed plans.
Canada has enacted legislation that will exempt the first $10 million (Canadian) in gains from the sale of a business to a qualifying employee ownership trust (EOT).