Feds Grant 409A Compliance Delay Requests
October 22, 2007 (PLANSPONSOR.com) - After months of direct pressure from the deferred compensation community with at least two pleas for more time to comply with new federal...
Compliance
DoL Issues Final QDIA Rules – Without Stable Value
October 22, 2007 (PLANSPONSOR.com) -Despite a fierce battle by some in the retirement services community to pressure the U.S. Department of Labor (DoL) into sanctioning stable value funds...
Alcoa Retiree Health Benefits Dispute Headed for Trial
October 19, 2007 (PLANSPONSOR.COM) - A federal judge in Tennessee has turned away a request from a group of Alcoa retirees for an emergency court order mandating Alcoa...
New Bill Would Delay PPA Pension Funding Provisions
October 19, 2007 (PLANSPONSOR.COM) - A new Congressional legislative proposal would delay implementation of new pension funding rules under the Pension Protection Act (PPA) for a year to...
House Committee OKs Bar against Workplace Sexual Orientation Discrimination
October 19, 2007 (PLANSPONSOR.COM) - A U.S. House panel has approved a measure that prohibits workplace discrimination on the basis of sexual orientation.
401(k) 2008 Limit Stays at $15,500
October 18, 2007 (PLANSPONSOR.com) - Federal tax officials on Thursday released the new pension plan dollar limits with cost-of-living adjustments for the 2008 tax year.
Questions Raised in U.S. House Committee Discrimination Bill Hearing
October 18, 2007 (PLANSPONSOR.com) - In his opening comments before the House Education and Labor Committee, Senior Republican Member Howard P. "Buck" McKeon (R-California) raised questions on the...
PBGC Takes on Werning Holding Co. Pension Plan
October 18, 2007 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation will be taking on a Pennsylvania-based ladder and climbing equipment manufacturer's pension plan, which is 58% funded.
SSA Announces 2008 Cost-of-Living Increase
October 17, 2007 (PLANSPONSOR.com) - The Social Security Administration announced the monthly Social Security and Supplemental Security Income benefits for more than 54 million Americans will increase 2.3%...
Bad Benefits Estimate Not a Fiduciary Breach
October 17, 2007 (PLANSPONSOR.com) - A Ford Motor Company employee who contested a mistaken November 2002 pension benefits calculation lost a legal battle when a federal judge ruled...
Public Worker Keeps Job after Explicit Email Scandal
October 17, 2007 (PLANSPONSOR.com) - The Commonwealth Court of Pennsylvania ruled that the Pennsylvania Department of Transportation is prohibited from firing a senior highway maintenance manager who circulated...
Schwarzenegger Strikes Down Bill to Increase Disabled Workers' Compensation
October 17, 2007 (PLANSPONSOR.com) - The Governor of California vetoed a bill that would have increased the compensation given to disabled workers, BestWire reported.
EU Court Says Older Workers can be Forced Out
October 16, 2007 (PLANSPONSOR.com) - The European Union's highest court has ruled EU countries can force workers to retire at 65 to make room for younger workers without...
Judge Grants Class Action Status to FedEx Ground Drivers
October 16, 2007 (PLANSPONSOR.com) - FedEx Corp has promised to appeal the recent decision by a federal judge in Indiana granting class action status to a string of...
EBSA Revises Guidance on Timing of Certain Benefit Statements
October 12, 2007 (PLANSPONSOR.com) - The Department of Labor's Employee Benefits Security Administration (EBSA) has issued new guidance of the timing of participant benefit statements for plans in...
Judges Rule Transsexual Not Covered by Federal Job Protections
October 12, 2007 (PLANSPONSOR.COM) - A federal appellate court has ruled that federal anti-employment discrimination protections do not apply to transsexuals because the use of the term "sex"...
PBGC Takes on a Pennsylvania Hospital Pension Plan
October 12, 2007 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) announced it has assumed responsibility for the pensions of about 1,700 current and former employees of Easton...
Employee Misconduct Does not Eliminate Discrimination Liability
October 12, 2007 (PLANSPONSOR.com) - The 9th U.S. Circuit Court of Appeals has held that an employer does not necessarily escape liability under the Civil Rights Act of...
District Court Ordered to Consider Self-Funded Plans' 'Antagonistic Interests'
October 11, 2007 (PLANSPONSOR.com) - The 2nd U.S. Circuit Court of Appeals has ordered a trial judge to reconsider his certification of a class action and his approval...
CalPERS Retiree Health Care Pre-funding Plan Opened to All CA Public Agencies
October 11, 2007 (PLANSPONSOR.com) - A bill signed on Thursday by California Governor Arnold Schwarzenegger will allow all California local public agencies to participate in the California Public...