Etiqueta: René Avilés García

Delegation of authority under an LTD plan must be clear for arbitrary and capricious standard to apply

Delegation of authority under an LTD plan must be clear for arbitrary and capricious standard to apply

Descarga el documento: Rodríguez-López v. Triple- S Vida, Inc. On March 1, 2017, the United States Court of Appeals for the First Circuit (“First Circuit”) held in Rodríguez-López v. Triple- S Vida, Inc., that the District Court for the District of Puerto Rico erred in applying the arbitrary and capricious standard of review instead of ...

Junta de Supervisión Fiscal busca consultor de pensiones y retiro

Statutory Changes to PR Trusts, PR Retirement Plan Provisions and Estate Tax Matters

On February 8, 2017, Governor Ricardo Roselló signed into law Act No. 9-2017 (the “Act 9”) which aims to protect, retain and attract professionals to Puerto Rico by providing more flexibility to retirement plans and ease their establishment, and to provide for better protection of trust assets. Act 9-2017 amends the Puerto Rico Internal Revenue ...

Q&A: Responsabilidad fiduciaria bajo la nueva regla del Departamento del Trabajo federal

Q&A: Responsabilidad fiduciaria bajo la nueva regla del Departamento del Trabajo federal

¿Qué hace la nueva regla del Departamento del Trabajo federal? La nueva regla fiduciaria reemplaza una regla vigente desde 1975 para determinar si alguien es un fiduciario bajo ERISA, la Ley de Seguridad del Ingreso de los Retirados de Empleo. La nueva regla amplía significativamente el universo de actividades que convertirían a alguien en fiduciario ...

La asignación de beneficios de planes de retiro y los casos de relaciones de familia

IRS Announces the 2017 Cost-of-Living Adjustments for Retirement Plans

The Internal Revenue Service (“IRS”) recently announced retirement pension plans’ applicable cost-of-living adjustments affecting dollar limitations for the tax year 2017. Some of the key limits for the tax years 2017 and 2016 of importance to Puerto Rico tax qualified plans are as follows with changes underlined: 2016 2017 Annual Benefit Limitation for Defined Benefit Plans ...

Failure to provide time limit for filing action in notice of benefits denial held to render contractual limitation periods innaplicable by First Circuit

Failure to provide time limit for filing action in notice of benefits denial held to render contractual limitation periods innaplicable by First Circuit

Recently, the United States Court of Appeals for the First Circuit (the “Court of Appeals”) held in Santana-Díaz v. Metropolitan Life Insurance Company, that a plan administrator’s failure to include the time limit for filing a suit challenging its denial of a participant’s request for long term disability (“LTD”) benefits was a violation of the ...

René Avilés García

René Avilés García

Blog: Temas laborales René J. Avilés-García is a Capital Member and the Chair of Ferraiuoli LLC’s Taxes & Employee Benefits Practice Group. René practices in two complimentary areas – employee benefits and trusts & estates. In his employee benefits practice, he focuses on complex pension plan design, operation and reorganization consultations (including mergers, spinoffs and transfers ...