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...
Compliance
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.
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%...
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...
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...
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...
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"...
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...
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 and his approval of...
DoL Offers Online Tool to Calculate DFVCP Penalties
October 11, 2007 (PLANSPONSOR.com) - The U.S. Department of Labor's Employee Benefits Security Administration (EBSA) has released an interactive calculator to help employers and plan administrators who faltered...
SCOOTER Store ESOP Participants Claim Fiduciary Breach by CEO
October 11, 2007 (PLANSPONSOR.com) - The chief executive of SCOOTER Store, Inc. had insider information about the federal government's investigation into the mobility device company, but continued to...
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...
New CA Health Care Bill Reflects Change in Employer Assessment
October 10, 2007 (PLANSPONSOR.com) - California Governor Arnold Schwarzenegger on Tuesday announced a bill that largely follows the health care proposal he announced in January, but with a...
Court: No Need to Question 14,000+ 401(k) Class Action Participants
October 10, 2007 (PLANSPONSOR.com) - Efforts by a health care products manufacturer to get details from more than 14,000 401(k) participants on their outside investments as part of...
DoL Releases Advance Copies of Revised Form 5500
October 10, 2007 (PLANSPONSOR.com) - Advanced copies of the 2007 Form 5500 Annual Return/Report of Employee Benefit Plans and related instructions were released Wednesday by the U.S. Department...
Judge Blocks No-Match Letter Program, Cites 'Serious Questions'
October 10, 2007 (PLANSPONSOR.com) - Declaring that "plaintiffs have raised serious questions" about a Bush administration program cracking down on employers giving work to illegal immigrants, a federal...
IRS Issues Guidance on Yield Curve to be Used for PPA Funding Rules
October 9, 2007 (PLANSPONSOR.com) - The Treasury Department and the Internal Revenue Service (IRS) on Tuesday issued a notice providing guidance on the corporate bond yield curve and...