Cash Balance Litigation Settles for $1.85M
June 21, 2006 (PLANSPONSOR.com) - A federal judge has approved a $1.85 million settlement between a Pennsylvania health care firm and its former employees over allegations that workers...
Compliance
Court Turns Down Participant Claim for Account Restoration
June 21, 2006 (PLANSPONSOR.com) - The 4th US Circuit Court of Appeals has affirmed a lower court's ruling that a participant's request for restoration of his 401(k) plan...
Company Fined for ESOP Wrongdoing
June 20, 2006 (PLANSPONSOR.com) - A court judgment ordered a former Tennessee home-health company to pay $325,000 as part of the settlement of a federal lawsuit charging it...
Court Orders New Trial for Age Discrimination Case
June 20, 2006 (PLANSPONSOR.com) - The US District Court for the Eastern District of Pennsylvania has ruled that an average age difference of 6.75 years between a former...
Appellate Court Throws Out Sex Discrimination Rulings
June 19, 2006 (PLANSPONSOR.com) - A federal appeals court has thrown out a series of rulings by a US Bankruptcy judge in a case involving sex discrimination claims...
Supreme Court Rejects Priority for Workers' Comp Premiums
June 19, 2006 (PLANSPONSOR.com) - The US Supreme Court ruled 6-3 that workers' compensation premiums owed by an employer are not entitled to priority status under the section...
Worker Who Fell Returning from Lunch is Entitled to Benefits
June 16, 2006 (PLANSPONSOR.com) - In a unanimous ruling, the Maine Supreme Judicial Court ruled that a worker who hurt herself while returning to work from lunch is...
Old Cash Balance Plans may Get no Protection from US Pension Reform
June 15, 2006 (PLANSPONSOR.com) - Pension legislation now being ironed out by members of the House and Senate probably will not protect companies that are already under fire...
PBGC Sets Rule on Termination Liability Calculations
June 15, 2006 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) specified Thursday how to calculate the liability that occurs when an employer closes its operations and causes...
SEC Asks for Additional Comments on Fund Director Rule
June 14, 2006 (PLANSPONSOR.com) - The Securities and Exchange Commission is asking for additional comments regarding its controversial rule regarding the composition of mutual fund boards of directors.
TN Gov. Signs Health Care Bill
June 13, 2006 (PLANSPONSOR.com) - Tennessee Governor Phil Bresden signed Cover Tennessee, a health care bill aimed at the state's 600,000-plus uninsured workers, according to the Associated Press.
Court Rules Employee Has Evidence to Support Retaliation Claim
June 13, 2006 (PLANSPONSOR.com) - The 8th US Circuit Court of Appeals has ruled that an employee who had filed a complaint for race and sex discrimination against...
Court: Early Retirement Program not Being Considered When Employee Retired
June 12, 2006 (PLANSPONSOR.com) - The 3rd US Circuit Court of Appeals has affirmed a lower court's ruling that a Pennsylvania power company did not violate its fiduciary...
Different Retaliation Claims Warrant Different Court Conclusions
June 9, 2006 (PLANSPONSOR.com) - The US District Court for the District of Minnesota recently sent one retaliation claim to trial while granting summary judgment to the defendant...
House Bill Supports Employer's Right to Recover Health Care Costs in Workers' Injury
June 8, 2006 (PLANSPONSOR.com) - A provision in the House version of the pending pension legislation could make it easier for health care insurers and employers to get...
Police Officer Receives More than $1M in Harassment Lawsuit
June 8, 2006 (PLANSPONSOR.com) - A jury in Aguadilla, Puerto Rico, awarded more than $1 million to a female police officer who alleged that her male supervisor, an...
Bankrupt Northwest Asks Congress to Speed Up Aid Legislation
June 7, 2006 (PLANSPONSOR.com) - Northwest Airlines sent Representative John Boehner a letter saying that it would be forced to terminate its employee pension plan if Congress did...
Treasury Delays Release of Section 409A Regulations
June 7, 2006 (PLANSPONSOR.com) - A Treasury official said Tuesday that the government will not be able to complete the tax code Section 409A's final regulations by its...
NH Gov.To Sign Bill Allowing Seriously Ill College Students on Parent's Health Plan
June 7, 2006 (PLANSPONSOR.com) - New Hampshire Governor John Lynch said he would sign off on a bill passed by the state's legislature in May that would allow...
CO Governor Vetoes Two Health Care Bills
June 6, 2006 (PLANSPONSOR.com) - Colorado's governor has vetoed two health care bills in the past two months - one that would have required publishing the names of...