PLANSPONSOR Weekend Newsdash
Week ending June 22nd, 2018

Defined benefit (DB) plans have not disappeared. Many plan sponsors are struggling to keep their DB plans alive and well-funded, despite moves by regulators and legislators that bump up costs. Other DB plan sponsors are facing difficult decisions about what to do with their plans—keep them, freeze them, close them or transfer the risk to an insurer. And, as many multiemployer plans are facing dire situations, a new Congressional committee is seeking answers to solve the dilemma. PLANSPONSOR is keeping tabs on trends and tips for DB plan sponsors.

Editor's choice
Administration
PSNC 2018: Rules, Regulations and Other Factors Affecting DB Funding Strategies
A partner at Ivins, Phillips & Barker discusses why defined benefit plan sponsors should consider accelerating their funding—and how to do so. Read more >
Administration
PSNC 2018: Pension Risk Transfer Options
DB plan sponsors want to keep control of their plans as they de-risk. Read more >
Compliance
PBGC Report Shows Dire Status for Multiemployer Plan Insurance Program
The likelihood the program will remain solvent after FY 2026 is now less than 1%. Read more >
Compliance
Long-Term Loans Seen As Solution for Multiemployer Pension Crisis
Senator Sherrod Brown calls it imperative “to find a bipartisan solution to the crisis threatening 1.3 million Americans.” Read more >
Compliance
Appellate Court Rejects Bank of America Participants’ Claim for More Relief
Noting that the bank already made restitution to the participants under an IRS closing agreement, the 4th Circuit agreed with a lower court that the bank did not profit from its transfer of 401(k) assets to create a cash balance plan. Read more >
MOST POPULAR STORIES
(b)lines Ask the Experts – Must Plans Adopt Budget Act New Hardship Withdrawal Rules?
“I am aware from a prior Ask the Experts column that the Bipartisan Budget Act of 2018 made some changes to the hardship distribution rules?
Retirement Industry People Moves

Industry expert replaces BPAS SVP of Fiduciary Services; USI Consulting employs VP of Retirement Services; Cafaro Greenleaf announces addition of investment analyst; and more.

House Committee Contemplates Bill That Would Reduce Employer Health Benefit Costs

Also being considered is legislation for expanding benefits of HSAs.

HSA Amendment Bills Moved to U.S. House

Among the bills approved by the House Ways and Means Committee is one that would qualify significantly more health treatments, services and over-the-counter drugs for HSA spending.

District Court Upholds Use of Segal Blend to Calculate Multiemployer Pension Liability

Commenting on the decision, Segal Consulting says it is “consistent with every other decision handed down in similar cases except for one,” the Southern District of New York Court’s decision in The New York Times Company v. Newspaper and Mail Deliverers’-Publishers’ Pension Fund, which is being appealed.

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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