U.S. Supreme Court Agrees to Hear Key 401(k) Fiduciary Breach Case
June 19, 2007 (PLANSPONSOR.com) - In a closely watched case that could settle a key area of pension law affecting 401(k) plans, the U.S. Supreme Court will decide...
Compliance
Evaluation Rebuttal not Protected under Whistleblower Act
June 19, 2007 (PLANSPONSOR.com) - The 8th U.S. Circuit Court of Appeals has determined that a nurse sent home for insubordination due to her rebuttal to a poor...
EBSA to Hold Advice Computer Model Public Hearing
June 19, 2007 (PLANSPONSOR.com) - The U.S. Department of Labor's Employee Benefits Security Administration (EBSA) will hold a public hearing on July 31 to assess the feasibility of...
PBGC Takes Bankrupt Manufacturer's Two Pension Plans
June 19, 2007 (PLANSPONSOR.com) --The Pension Benefit Guaranty Corporation (PBGC) announced Tuesday that it has assumed responsibility for the pensions of more than 500 former employees of Specialty...
PBGC Takes Bankrupt Manufacturer's Two Pension Plans
June 19, 2007 (PLANSPONSOR.com) --The Pension Benefit Guaranty Corporation (PBGC) announced Tuesday that it has assumed responsibility for the pensions of more than 500 former employees of Specialty...
DoL Asks for Comments Regarding Plan Loans to Parties in Interest
June 18, 2007 (PLANSPONSOR.com) - The U.S. Department of Labor (DoL) is seeking comment regarding its information collection procedures in cases of retirement plan loans made to participants...
PBGC Seeks Approval for Multiemployer Plan Information Request
June 15, 2007 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) has issued a notice seeking approval from the Office of Management and Budget (OMB) of its rules...
Senate Moves to Extend Early Withdrawal Penalty Exemption for Reservists
June 15, 2007 (PLANSPONSOR.com) - A bill introduced in the U.S. Senate would make permanent the exemption for reservists or National Guard members from the 10% early withdrawal...
Southwest Airlines Cleared of Discrimination Allegations
June 14, 2007 (PLANSPONSOR.com) - A federal judge in Texas has thrown out a lawsuit by a former Southwest Airlines employee who claimed the air carrier violated federal...
Southwest Airlines Cleared of Discrimination Allegations
June 14, 2007 (PLANSPONSOR.com) - A federal judge in Texas has thrown out a lawsuit by a former Southwest Airlines employee who claimed the air carrier violated federal...
LTD Plan Loses Appeal for Failure to Consider Mental Capacity
June 14, 2007 (PLANSPONSOR.com) - The 4th U.S. Circuit Court of Appeals ruled a long-term disability (LTD) plan administrator abused its discretion when it failed to consider evidence...
U.K. Lowers Cap on Pension Contributions
June 14, 2007 (PLANSPONSOR.com) - The U.K. government has lowered its proposed cap on the amount of money it will allow individuals to put into a new pensions...
Miscalculation of Benefits not a Fiduciary Breach
June 14, 2007 (PLANSPONSOR.com) - The U.S. District Court for the District of Massachusetts has determined that miscalculations of pension benefits by a human resources employee and a...
IRS Adjusts Determination Letter Application Cycles
June 13, 2007 (PLANSPONSOR.com) - The Internal Revenue Service (IRS) has issued Revenue Procedure 2007-44, which modifies plan amendment and determination letter application cycles for plans to accommodate...
CA Court Says Rehired Workers not Eligible for Pension Boost
June 13, 2007 (PLANSPONSOR.com) - A California state appeals court ruled that San Diego County doesn't have to pay higher pension benefits to rehired employees, who left before...
Supreme Court: Plan Mergers Considered an Alternative to Termination
June 12, 2007 (PLANSPONSOR.com) - The U.S. Supreme Court ruled that a bankrupt paper company had no fiduciary duty to consider an offer by a labor union to...
Supreme Court Finds Companion Care Employees Exempt from FLSA Rules
June 11, 2007 (PLANSPONSOR.com) - The U.S. Supreme Court has upheld a Department of Labor regulation exempting third party companion care employers from having to comply with overtime...
Legislation Threatens to Force CA Employers to Pay for Health Care
June 11, 2007 (PLANSPONSOR.com) - A bill passed by the California Legislature would force employers not providing health coverage to their employees to contribute to a state-run health...
Dead Man's Parents Eligible for Accidental Death Benefits
June 8, 2007 (PLANSPONSOR.com) - Even though a Colorado man's blood alcohol level was almost three times the legal limit for being drunk when he was killed in...
COBRA Requires Good-Faith Effort at Rights Notice Delivery
June 9, 2007 (PLANSPONSOR.com) - The 1st U.S. Circuit Court of Appeals said it could not be sure whether an employer knowingly sent a terminated employee's Consolidated Omnibus...