Several well-known music recording companies are named in a lawsuit tied to music streaming revenues and other sources of potential pension contributions.
Also extended is a provision in prior pension reform allowing over-funded pensions to use their excesses to fund retiree health and life insurance benefits.
The EEOC says a company violated federal law when it rejected a 58-year-old applicant upon learning that he was older than the company's ideal age range.
“Companies need to communicate clearly, aggressively and creatively about what they're offering and how the programs can enhance their employees' well-being,” says Brodeur Partners CEO Andrea Coville.
If the successor liability notice requirement excludes notice of contingent multiemployer pension plan liabilities, “a liability loophole would exist,” the 7th Circuit said.
The fourth and final article in a series about how to boost retirement plan participant engagement and outcomes beyond automatically enrolling employees.