San Diego Illegal Pension Challenge too Late: Judge
August 3, 2007 (PLANSPONSOR.com) - Superior Court Judge Jeffrey Barton has dealt another blow to San Diego City Attorney Michael Aguirre's quest to roll back certain city pension...
Compliance
IRS Puts Out Updated Cafeteria Benefit Plan Proposed Regs
August 3, 2007 (PLANSPONSOR.COM) - Employers offering cafeteria plan benefits are getting new guidance with the release of new proposed reorganized and updated regulations for the plans from...
PBGC Commends Towers Automotive for Keeping Pension Obligations
August 1, 2007 (PLANSPONSOR.com) - The interim director of the Pension Benefit Guaranty Corporation (PBGC) has praised Tower Automotive for emerging from bankruptcy with its pension plan still...
Bankruptcy Court to Decide Oneida/PBGC "Termination Fee" Dispute
August 1, 2007 (PLANSPONSOR.com) - A bankruptcy judge must decide whether flatware maker Oneida Ltd is exempt from paying about $6.9 million in "termination fees" to the Pension...
Cashed-Out Participant Has Standing in Employer Stock Case
August 1, 2007 (PLANSPONSOR.com) - The 3rd U.S. Circuit Court of Appeals has decided the Employee Retirement Income Security Act (ERISA) gives a cashed-out former employee the right...
U.S. House Passes Measure Lifting Pay Lawsuit Time Limit
July 31, 2007 (PLANSPONSOR.com) - The U.S. House of Representatives voted Tuesday along party lines to effectively strip the time limits on when workers can sue for pay...
Court Denies Reimbursement of Losses from 401(k) Withdrawal Delay
July 31, 2007 (PLANSPONSOR.com) - The U.S. District Court for the Eastern District of Arkansas has denied a former 401(k) participant's request to be reimbursed for losses to...
Nike Settles Discrimination Charges for $7.6M
July 31, 2007 (PLANSPONSOR.com) - Nike Inc. has agreed to a $7.6 million settlement in a class action case charging the company with racial discrimination at one of...
UPS Submits to Push for Health Benefits for NJ Civil Union Partners
July 30, 2007 (PLANSPONSOR.com) - United Parcel Service (UPS) said it would offer health care benefits to all civil union partners of hourly workers in New Jersey who...
Enron Looks to the Courts to Force Hewitt to Recalculate Settlement Distributions
July 30, 2007 (PLANSPONSOR.com) - Enron plans to fire the company that miscalculated nearly $22 million of the $89 million initial settlement agreement to its former employees, but...
Ways & Means to Hold Hearings on 401(k) Fees: Rangel
July 30, 2007 (PLANSPONSOR.com) - With the ink barely dry on a new bill regarding 401(k) fee disclosures, another House Committee is gearing up for hearings on the...
$1M Jury Award Restored in Suit over Dental Surgery Prank
July 27, 2007 (PLANSPONSOR.COM) - The Washington state Supreme Court has restored a $1 million jury award to an oral surgeon whose insurance company refused to cover his...
Liabilities Acquired with New Firms Covered under Existing Policies
July 27, 2007 (PLANSPONSOR.com) - The Indiana Court of Appeals has ruled that companies that acquire liabilities through mergers or acquisitions have the right to seek coverage under...
Judge Blasts Principal Fee Suit Plaintiff Lawyers in Appeal Delay
July 27, 2007 (PLANSPONSOR.COM) - A clearly annoyed federal judge presiding over a lawsuit against the Principal Financial Group over its 401(k) revenue sharing arrangements has cleared the...
Judge Blasts Principal Fee Suit Plaintiff Lawyers in Appeal Delay
July 27, 2007 (PLANSPONSOR.COM) - A clearly annoyed federal judge presiding over a lawsuit against the Principal Financial Group over its 401(k) revenue sharing arrangements has cleared the...
Poor Performing MA Municipal Funds to be Turned Over to State
July 26, 2007 (PLANSPONSOR.com) - Massachusetts Governor Deval Patrick signed a bill on Wednesday that will allow the state to seize the assets of municipal funds that are...
Health Plan Cannot Recover Funds to be Placed in Special Needs Trust
July 26, 2007 (PLANSPONSOR.com) - The U.S. District Court for the Eastern District of Pennsylvania has determined that a health insurer cannot challenge a settlement agreement that calls...
U.S. Lawmakers Call for Restoration of the ADA
July 26, 2007 (PLANSPONSOR.com) - Lawmakers who claim the Americans with Disabilities Act (ADA) has strayed too far from its original purpose, to prevent discrimination, will ask Congress...
Representative Miller Introduces Fee Disclosure Legislation
July 26, 2007 (PLANSPONSOR.com) - U.S. Representative George Miller (D-California) has introduced legislation that would require clear and complete information about 401(k) fees be provided to participants.
Severance Plan Amendment Notice not Sufficient
July 25, 2007 (PLANSPONSOR.com) - An Illinois federal court ruled Wednesday that a case claiming CNA Financial Corporation did not give members of its sales force sufficient notice...