PLANSPONSOR Weekend Newsdash
Week ending November 20th, 2015
Happy Friday, PLANSPONSOR readers! Another eventful week in the retirement industry has come and gone, with the Department of Labor issuing its guidance for state-run retirement plans for the private sector, the Pension Benefit Guaranty Corporation reporting about the financial status of its programs, and the release of PLANSPONSOR's 2015 DC Survey. We help you stay informed with this edition of NewsDash Weekend.
Editor's choice
City’s Retirement Plan Claims Against Buck Dismissed
The city of Providence, Rhode Island, claimed its long-time actuary, Buck Consultants, incorrectly estimated savings it would see from suspending COLAs for retirees.Read more >
DOL Proposes Guidance on State-Run Plans for Private Sector
States offering retirement planning solutions to private-sector workers got their first look at a few highly anticipated (and increasingly controversial) pieces of regulatory guidance this week.Read more >
State Street’s Handling of GM Stock for 401(k) Gets Court Blessing
An appellate court found State Street’s process to review the GM stock investment was prudent.Read more >
Will State-Run Plans Help Close the Coverage Gap?
ERISA attorney David Levine discusses the challenges for, and potential positive outcomes from, DOL guidance about state-run retirement plans for the private sector.Read more >
PBGC Programs’ Deficits Continue to Climb
The multiemployer program deficit is $52 billion, and the single-employer program deficit is $24 billion.Read more >
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