PBGC Takes on Tissue Paper Manufacturer Plans
March 15, 2011 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation is taking on three pension plans of Erving Industries, Inc., a manufacturer of tissue paper based in Erving,...
Compliance
EBSA to Hold Forum on Auto Enroll in Large Employer Health Plans
March 14, 2011 (PLANSPONSOR.com) - The U. S. Department of Labor’s Employee Benefits Security Administration will hold a public forum on April 8, 2011, on the health plan...
Macy’s Stock Fiduciary Breach Suit Certified as Class Action
March 14, 2011 (PLANSPONSOR.com) – A lawsuit questioning Macy’s Inc.’s decision to continue offering company stock in its retirement plans following the acquisition of a troubled department store...
Congressmen Introduce Bill to Drop ‘Use it or Lose it” FSA Provision
March 11, 2011 (PLANSPONSOR.com) – Two lawmakers have introduced a bill that would repeal the “use it or lose it” aspect of medical flexible spending accounts (FSA).
Verizon Involuntary Plan Transfer Suit Declared Class Action
March 11, 2011 (PLANSPONSOR.com) – A federal judge has granted class certification in a lawsuit filed by Verizon retirees claiming they were involuntarily switched post-retirement to pension plans...
Hearing Witnesses Say HCR Driving Up Employer Costs
March 10, 2011 (PLANSPONSOR.com) – The chair of a U.S. House subcommittee said testimony his panel heard at a hearing Thursday supported the notion that the Obama Administration’s...
HHS and Treasury Issue Regs on State Innovation Waivers under ACA
March 10, 2011 (PLANSPONSOR.com) - The Departments of Health and Human Services (HHS) and Treasury have proposed new rules outlining the steps states may pursue in order to...
PBGC Proposes Guidance on Limitations on Guaranteed Benefits
March 10, 2011 (PLANSPONSOR.com) – The Pension Benefit Guaranty Corporation (PBGC) has issued a proposed rule to amend its regulation on Benefits Payable in Terminated Single-Employer Plans.
AGs Make another Filing in Support of Health Reform Law
March 9, 2011 (PLANSPONSOR.com) – Attorneys general of nine states have filed a friend-of-the-court brief in the 4th U.S. Circuit Court of Appeals, strongly asserting the legality of...
WI Businessman Sued for Diverting Profit Sharing Plan Assets
March 9, 2011 (PLANSPONSOR.com) – The U.S. Department of Labor (DoL) has sued Coin Builders LLC of Wisconsin Rapids and its president, Joseph Kreeger, to restore more than...
House Oversight Panel to Probe Health Reform Annual Limit Waivers
March 9, 2011 (PLANSPONSOR.com) – A U.S. House subcommittee has scheduled a March 15 hearing into why the Obama Administration is granting waivers from parts of the health...
Maine Granted Waiver of Key Provision of Health Care Law
March 9, 2011 (PLANSPONSOR.com) - The federal government has granted Maine a waiver of a key provision in the federal health care overhaul, citing the likelihood that enforcement...
Maine Granted Waiver of Key Provision of Health Care Law
March 9, 2011 (PLANSPONSOR.com) - The federal government has granted Maine a waiver of a key provision in the federal health care overhaul, citing the likelihood that enforcement...
Obama Administration Files Appeal of Health Care Ruling
March 9, 2011 (PLANSPONSOR.com) - The Obama administration has filed an appeal of a U.S. judge's ruling in Florida that struck down the health care overhaul law as...
House Panel Holds Health Reform Costs Hearing
March 8, 2011 (PLANSPONSOR.com) – The Subcommittee on Health, Employment, Labor, and Pensions of the U.S.House Education & the Workforce Committee has scheduled a Thursday morning hearing about...
EBSA Extends Comment Period for Fiduciary Definition Change
March 8, 2011 (PLANSPONSOR.com) – Those wishing to comment on a pending regulatory proposal to revamp the definition of a fiduciary under the Employee Retirement Income Security Act...
CA Bill Makes Adult Children’s Health Costs Tax Exempt
March 8, 2011 (PLANSPONSOR.com) – The California state Assembly has unanimously approved a bill keeping the amount paid for health care insurance for an employee’s adult children from...
Jury Awards over $1.5M in EEOC Retaliation Case
March 7, 2011 (PLANSPONSOR.com) - A U.S. District Court jury brought in a verdict of over $1.5 million for sexual harassment and retaliation in the U.S Equal Employment...
Judge Approves Class in Tribune ESOP Suit
March 7, 2011 (PLANSPONSOR.com) – The suit against the trustee of the Tribune Co. Employee Stock Ownership Plan during the company’s takeover by billionaire Sam Zell has been...
Boehner Plans to Defend DOMA
March 4, 2011 (PLANSPONSOR.com) – House Majority Leader John Boehner (R-Ohio) says he plans to take action in support of the Defense of Marriage Act...