Compliance

The Pension Accountability Act is designed to give workers and retirees “a seat at the table” when a looming multiemployer pension bankruptcy may require major pension cuts, U.S....

Among other things, they say Putnam exaggerated the Circuit split regarding who bears the burden of proving loss causation and it filed its petition prematurely because a final...

The regulator says a romantic interest led a county manager in Georgia to recommend one investment adviser over others to three public pension fund boards.

A U.S. Appeals Court rejected a District Court’s finding that was similar to many decision in lawsuits following the Supreme Court’s decision in Fifth Third v. Dudenhoeffer.

The settlement agreement calls for a $3.5 million payment from Brown, as well as non-monetary relief.

A decision by the Supreme Court on the question of what establishes “actual knowledge” of an alleged breach of fiduciary duty could have a big influence on how...

A federal judge made this decision in allowing Massachusetts Institute of Technology’s motion to strike plaintiffs’ demand for a jury trial in a suit alleging breach of fiduciary...

The defense benefited strongly from the fact that expert witness testimony given in favor of plaintiffs was rejected by the judge as not being fully relevant or credible.

The IRS had previously put a halt to the practice of defined benefit (DB) plan sponsors offering lump-sum windows to retirees in pay status, saying it intended to...

In a hearing, lawmakers heard about how the multiemployer pension plan crisis is affecting employers, employees and the economy today, why current legislation contributes to the crisis, and...

Among a host of other services, Serco Inc. will operate the Pension Benefit Guaranty Corporation's (PBGC)’s contact center and help find pension plan participants.

A federal appellate court found older job seekers who feel they face hiring discrimination may not file Age Discrimination in Employment Act (ADEA) disparate impact claims, though they...

The Department of Labor found the investment adviser made 63 fraudulent requests to Transamerica for lump sum benefit checks for participants not entitled to plan benefits, in total...

The court found the Sequoia Fund’s investment in Valeant Pharmaceuticals was consistent with the retirement plan documents, and plaintiffs concentrated unnecessarily on whether the fund purported to be...

In addition, in a new 2019 State Retirement Security Blueprint, the Insured Retirement Institute (IRI) says the creation of state-run retirement plans is the wrong approach to addressing...

H.R. 1439, known as the Increasing Access to a Secure Retirement Act, would establish a stronger Employee Retirement Income Security Act (ERISA) safe harbor for defined contribution (DC)...

The lawsuit claims owners of Freedom Communications made ill-advised, highly speculative investments which caused the pension plan to lose tens of millions of dollars.

In Information Letter 2018-0033, the IRS offers some examples of the type of errors which may be corrected—expanding on previous guidance.

A federal district court judge has granted the parties' request to set a deadline of April 22, for the filing of a motion for preliminary approval of the...