PLANSPONSOR Weekend Newsdash
Week ending January 22nd, 2016
This week, another major retirement plan fee lawsuit was filed and a Supreme Court decision alerts Employee Retirement Income Security Act (ERISA) health plan sponsors to be quick when requesting reimbursement from employees who recoup medical costs from a third party. New rules may affect how local governments manage their pensions and how churches design their retirement plans. We also reported about cost-cutting trends in the defined benefit (DB) plan space and what commenters think about the Department of Labor’s proposal for state-run retirement plans for private-sector workers. Have a happy weekend!
Editor's choice
Industry Groups Call Out Issues with State-Run Plan Proposal
ICI and SIFMA contend the DOL proposal for state-run retirement programs would result in a confusing patchwork of laws and other unintended consequences.Read more >
GASB 68 a Wake Up Call for Local Governments
Researchers found that for 92 cities, the unfunded pension liability as a percentage of revenue rises from 37% before GASB 68 pension accounting standards to 70% after.Read more >
2015 PLANSPONSOR Defined Contribution Survey Standouts Announced
Eleven service providers will be recognized at the annual PLANSPONSOR/PLANADVISER Awards for Excellence dinner March 31.Read more >
Auto Enrollment an Opportunity for Church Plans
Church plan legislation provides an immediate opportunity for plan sponsors to affect participant outcomes through auto enrollment; the effect of other provisions remains to be seen.Read more >
SCOTUS Decision Means Lien Enforcement Must Be Quick
It is essential for plan sponsors to understand how liens work under ERISA—and how a recent Supreme Court decision puts serious time pressures on the collection of equitable relief from participants and beneficiaries.Read more >
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