The national trade association emphasized the importance of protecting retirement and health plans under ERISA and maintaining the current tax incentives associated with these plans.
Several union groups and a think tank attempted to prevent the Department of Labor from allowing Elon Musk’s Department of Government Efficiency to access sensitive data and information.
Wagner Law Group welcomes a new partner; Venable hires a new partner in its employee benefits and executive compensation practice; Pacific Life announces promotions; and more.
The Retirement Fairness for Charities and Education Institutions Act of 2025 was reintroduced by a bipartisan group of senators and representatives on Wednesday.
The order limits access to Department of the Treasury data to two individuals working with Elon Musk’s DOGE and excludes access to confidential data and payment systems.
Meanwhile, government employee unions and labor groups filed a lawsuit seeking to block Elon Musk’s efficiency organization from accessing DOL systems containing sensitive information.
The employer organizations are supporting Southern Co. Services, accused of using outdated assumptions when calculating retirees’ joint and survivor annuity benefits.
The Alliance for Retired Americans and two union groups accused Secretary of the Treasury Scott Bessent of violating the privacy rights of millions of Americans.
While plan sponsors have prioritized implementing mandatory provisions, many of the optional provisions have taken a back seat due to administrative complexities and a lack of guidance.