Employer News | November 2015

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Payroll Processing

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November | VOLUME #123

Open Enrollment

Open Enrollment 2016

Open Enrollment is November 4-25, 2015.

This year, Optional Benefits are changing for all members. The State of Alaska will begin offering increased life insurance volumes and enhanced Short-Term Disability coverage.

If your employees are enrolled in Accidental Death and Dismemberment (AD&D), Supplemental Life Insurance and/or Short-Term Disability Insurance, they MUST re-enroll in order to keep their coverage. Coverage WILL NOT roll over to the new benefit year.

All Optional Benefits members should have received a letter detailing the changes in these benefits and how to enroll. The Division has also sent Open Enrollment emails to employers and ask that they be forwarded to all employees.

Go to Alaska.gov/drb/OpenEnrollment for more information about the changes in Optional Benefits for the 2016 benefit year.

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2016 Pension Plan Limitations


The Internal Revenue Service announced cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2016. In general, the pension plan limitations will not change for 2016 because the increase in the cost-of-living index did not meet the statutory thresholds that trigger their adjustment. However, other limitations will change because the increase in the index did meet the statutory thresholds. View highlights...

Source: IRS

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In 2016, Some Tax Benefits Increase Slightly Due to Inflation Adjustments

Penalty Relief Pilot Program

For tax year 2016, the Internal Revenue Service announced annual inflation adjustments for more than 50 tax provisions, including the tax rate schedules, and other tax changes. Revenue Procedure 2015-53 provides details about these annual adjustments. Read more...

Source: IRS

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IRS Urges Public to Stay Alert for Scam Phone Calls

IRS Scam Alert

The IRS is warning consumers to guard against scam phone calls from thieves intent on stealing their money or their identity. Criminals pose as the IRS to trick victims out of their money or personal information. The IRS has several tips to help you avoid being a victim of these scams. Read more...

Source: IRS

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