Monday, December 28, 2020
On November 16, 2020, the Internal Revenue Service (IRS) issued Notice 2020-82 (the Notice), to further extend the deadline for required minimum contributions for single-employer defined benefit pension plans that would otherwise be due during the 2020 calendar year, from January 1, 2021, to January 4, 2021. On the same day, the PBGC issued complementary guidance, in Technical Update 20-2 (the PBGC Update), to reflect the January 4, 2021, deadline established by the IRS in the Notice when calculating variable-rate premiums.
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) previously established a January 1, 2021, deadline for certain required minimum contributions that would otherwise be due during the 2020 calendar year. This pension funding holiday applies for contributions to single-employer defined benefit pension plans required under Section 430(j) of the Internal Revenue Code (the Code). Under Code Section 430(j), sing
U.S. Air Force
Lockheed Martin Corp., Fort Worth, Texas, has been awarded a ceiling $900,000,000 firm-fixed-price, time-and-materials, over-and-above, cost-reimbursement contract to stand up a continental U.S.-based contractor facility to perform depot-level maintenance and aircraft modification services in support of the F-16 aircraft. Support will include all aircraft modifications, unplanned drop-in maintenance, time compliance technical orders, scheduled inspections and contract field team support. This award is the result of a competitive acquisition and four offers were received. Fiscal 2021 operation and maintenance funds in the amount of $1,402,952 are being obligated at the time of award. The Air Force Life Cycle Management Center, Hill Air Force Base, Utah, is the contracting activity (FA8232-21-D-0005).
Ricardo launching curated services on hydrogen developments
As industry, governments and regulators strive to decarbonize transportation of all kinds, hydrogen is becoming the focus of significant additional interest both as a fuel and as an energy vector and store.
Two new services from RiCK Ricardo’s online knowledge system are being launched to help executives, engineers, scientists and regulators navigate the complexities and potential opportunities presented by innovations in hydrogen. All information is drawn from reliable sources and is organized under carefully considered headings, saving valuable research time.
The first is RiCK News Hydrogen – a weekly email update service that offers the latest in cross-sector information relating to hydrogen adoption. Drawing on content aggregated from approximately 80,000 trusted news and relevant industry sources including Reuters, Bloomberg, Automotive News and Business Wire, the content is expertly curated by Ricardo. RiCK New