PBGC Bottom Line Buffeted by "Perfect Storm"
January 27, 2003 (PLANSPONSOR.com) - Shrinking market values and a growing number of pension fund failures have taken their toll on the nation's private pension insurer.
Compliance
Trade Groups Continue Attack on Bush Pension Reform Proposals
March 1, 2005 (PLANSPONSOR.com) - In Congressional testimony Tuesday, a second retirement services trade group has blasted the Bush Administration's pension reform proposal, saying it "will reduce retirement...
CT Civil Unions Bill Advances Out of Committee
February 25, 2005 (PLANSPONSOR.com) - Connecticut is one step closer to creating civil unions for gay and lesbian couples and may go a step beyond that.
PBGC Assumes Oxford Automotive Pension Plans
February 25, 2005 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) has assumed the pensions for Lobdell Emery Corp. and Howell Industries, subsidiaries of Oxford Automotive Inc.
MA Supreme Court to Hear another Same-Sex Marriage Case
February 24, 2005 (PLANSPONSOR.com) - The Bay State's top court - which earlier ruled that same-sex couples could not be denied the right to marry in the state...
Canadian Pension Plan's Foreign Investment Limit Lifted
February 24, 2005 (PLANSPONSOR.com) - The Canadian government has erased the limit on foreign investment in pension plans and registered retirement savings plans (RRSP) as part of the...
PBGC Seeks Comment on ERISA Rule Change
February 24, 2005 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) is seeking comments on a proposed rule change to section 4062(e) of the Employee Retirement Income Security...
US Supreme Court to Hear Protective Clothing Dispute
February 23, 2005 (PLANSPONSOR.com) - The US Supreme Court has agreed to hear a case regarding whether workers should be compensated for the time they spend changing into...
IRS: Settlement Window for Stock Scam Open until late May
February 22, 2005 (PLANSPONSOR.com) - Internal Revenue Service (IRS) officials have set May 23, 2005 as a deadline for companies which avoided taxes by transferring stock options or...
Two Appeals Courts Rule for Workers in Uniform Union Logo Cases
February 21, 2005 (PLANSPONSOR.com) - Two federal appeals courts have sided with employees in legal disputes over whether employers can regulate - mandate or prohibit - the wearing...
Chao Sends Congrats to Senate AHP Sponsors
February 18, 2005 (PLANSPONSOR.com) - US Secretary of Labor Elaine Chao on Friday released a statement applauding a US Senate group for introducing a bill to allow small...
IRS Streamlines Opinion Letter Requests for DC Plans
February 18, 2005 (PLANSPONSOR.com) - Internal Revenue Service (IRS) officials have announced that the IRS is now accepting applications for opinion and advisory letters for certain defined contribution...
Genetic Discrimination Bill Passes US Senate
February 18, 2005 (PLANSPONSOR.com) - The US Senate has again passed a bill that would make it illegal to discriminate based on genetic data, repeating a step taken...
Judge Refuses to Overturn Benefits Decision Despite Procedural Foul-ups
February 18, 2005 (PLANSPONSOR.com) - Even while finding that the TPA of an occupational injury benefit plan covered by the Employee Retirement Income Security Act (ERISA) abused its...
Outsourcing Didn't Violate ERISA, Appeals Court Rules
February 18, 2005 (PLANSPONSOR.com) - A federal appeals court has ruled that employees' pension rights were not violated when their employer outsourced their division to a subcontractor.
Chao Blasts Critical ABC Pension Reform Report
February 18, 2005 (PLANSPONSOR.com) - The Bush Administration's point person on proposed defined benefit pension reforms on Friday defended the administration's recently released plan and termed a critical...
ABC: Better DB Funding Status Disclosure Needed
February 17, 2005 (PLANSPONSOR.com) - A benefits industry trade group on Thursday took direct aim on the Bush Administration's recently unveiled pension reform plan, charging that proposed pension...
Court Awards Legal Fees in ExxonMobil ERISA Claim
February 17, 2005 (PLANSPONSOR.com) - A federal court has awarded $2 million in fees to lawyers in an Employee Retirement Income Security Act (ERISA) suit brought against ExxonMobil...
Man Shot By Off-Duty Policeman Not Eligible for Accidental Death Benefits
February 17, 2005 (PLANSPONSOR.com) - A man who was shot by an off-duty police officer after he went after him with a knife is not eligible for accidental...
IRS Reminds Plan Administrators of Automatic Rollover Deadline
February 17, 2005 (PLANSPONSOR.com) - The IRS has reminded plan administrators that amendments to comply with new automatic rollover rules must be adopted by the end of the...