Changes affect terminated multiemployer defined benefit plans; plans using a variable annuity benefit formula; and terminated single-employer PBGC-covered plans.
The bill, which includes more than 20 measures that had progressed out of committee, would ‘level the playing field’ for investments in plans serving educators and nonprofit employees.
The federal government, via the solicitor general and the DOL, is increasingly favoring employers in ongoing ERISA litigation, including on pension risk transfer transactions.
More than half of households in which a retirement plan participant borrowed from their retirement savings had increased their health expenditures by at least 10% in the same...