Court Finds Medical Equipment Provider's Claims not ERISA Dependent
November 17, 2011 (PLANSPONSOR.com) – The 5th U.S. Circuit Court of Appeals has reversed a lower court decision in...
Compliance
Some Positives Exist Amid Dire PBGC Financial Picture
November 15, 2011 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) released its annual report for fiscal year 2011, which shows the agency's deficit increased to $26 billion...
Mass. Lawmakers Agree on Minimum State Retirement Age
November 15, 2011 (PLANSPONSOR.com) - Massachusetts State House and Senate negotiators finalized a deal on Monday night to increase the minimum state retirement age to 60 as part...
ERISA Advisory Council Asks DoL for 403(b) Plan Relief
November 15, 2011 (PLANSPONSOR.com) - The ERISA Advisory Council recommended to Department of Labor officials that the department grant 403(b) plans a “fresh start” on certain disclosure and...
Supreme Court Agrees to Review Health Care Law
November 14, 2011 (PLANSPONSOR.com) - The Supreme Court on Monday agreed to hear a challenge to the 2010 health care overhaul law.
Groups Call on Congress to Reject PBGC Premium Increase
November 11, 2011 (PLANSPONSOR.com) - The ERISA Industry Committee (ERIC), along with the American Benefits Council, Business Roundtable, and the U.S. Chamber of Commerce on November 11 warned that the...
PBGC Report Forecasts Higher Deficits
November 10, 2011 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) has released its long-term exposure report, which shows financial deterioration in some pension plans and increased deficits...
EBSA Creates New Consumer Assistance Web Page
November 10, 2011 (PLANSPONSOR.com) – The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) has created a new consumer assistance Web page that provides access to useful...
Pension Fund Sues U.S. Bancorp over Investor Losses on CDOs
November 10, 2011 (PLANSPONSOR.com) – The Oklahoma Police Pension Fund has sued U.S. Bancorp over allegations that investors in mortgage bonds were hurt by the bank failing to...
EBRI Finds Tax Reform Proposals Likely to Reduce 401(k) Balances
November 9, 2011 (PLANSPONSOR.com) – Two recent proposals to change the existing tax treatment of 401(k) retirement plans, if enacted, are likely to result in lower account balances...
San Diego Pension Initiative Will be on Ballot
November 9, 2011 (PLANSPONSOR.com) – The pension reform initiative for the city of San Diego will be on the city’s June 2012 ballot, reports Voice of San Diego.
Illinois House Committee Approves Pension Bill
November 9, 2011 (PLANSPONSOR.com) – The Illinois House Personnel and Pensions Committee approved a bill which would set-up a three-tiered retirement system, reports The State Journal-Register.
U.S. Court of Appeals Upholds Obama Health Care Law
November 9, 2011 (PLANSPONSOR.com) – The U.S. Court of Appeals for the District of Columbia issued a split opinion on Tuesday, upholding the lower court’s ruling that Congress...
Pa. Town Considering Tax to Address Pension Funding
November 8, 2011 (PLANSPONSOR.com) – The town of York, Pennsylvania, is considering establishing a “distressed pension earned income tax,” according to local news reports.
Louisiana Pension Fund Sues JPMorgan for Breach of Fiduciary Duty
November 8, 2011 (PLANSPONSOR.com) – JPMorgan Chase & Co was sued by Louisiana’s police pension fund, which claims the bank’s $88.3 million settlement with the U.S. Treasury Department...
MA House Passes Pension Bill Raising Retirement Age
November 3, 2011 (PLANSPONSOR.com) – The Massachusetts House of Representatives unanimously approved a plan to tighten the state’s pension...
MEWA Participating Employer Cannot Offset Contribution Overpayments
November 3, 2011 (PLANSPONSOR.com) – A multiemployer welfare fund has won summary judgment in a suit claiming a participating employer offset contributions by past overpayments in violation of...
Hospital Fiduciaries Ordered to Repay Employee Retirement Plan
November 1, 2011 (PLANSPONSOR.com) - Two former corporate officers of an East Los Angeles community hospital have been ordered to repay $600,692 plus post-judgment interest to the ElaStar...
ERIC Urges Simplified Process for Determining Exchange Eligibility
November 1, 2011 (PLANSPONSOR.com) - The ERISA Industry Committee (ERIC) submitted a comment letter on a proposed regulation under the Patient Protection and Affordable Care Act (ACA) to implement...
Employer E-mail Could Show FMLA Bias
November 1, 2011 (PLANSPONSOR.com) – A federal appellate court has determined that an employer’s reference of an employee’s Family and Medical Leave Act (FMLA) leave in an e-mail...