Compliance | May 2nd, 2022 Plaintiffs Retry UPS Annuity Conversion Lawsuit The refiled lawsuit argues that the defendants are failing to provide alternative forms of pension benefits that are ‘actuarially equivalent’...
Compliance | March 7th, 2022 Court Dismisses ERISA Actuarial Equivalence Lawsuit The ruling, issued in favor of Partners Healthcare System, offers a substantial legal analysis of ERISA’s requirements as they pertain...
Compliance | December 15th, 2021 Delta Air Line’s Interest Rate and Mortality Assumptions Challenged in Court The plaintiffs in a new ERISA lawsuit suggest Delta Air Line’s pension plans’ annuity conversion factors were set decades ago,...
Compliance | February 18th, 2021 Settlement Published in Raytheon ‘Actuarial Equivalence’ ERISA Suit The text of the settlement agreement and its accompanying exhibitory documents stretches to nearly 300 pages, underscoring the complexity of...
Compliance | August 31st, 2020 Technical Ruling Clears UPS in ERISA Actuarial Equivalence Lawsuit The pro-defense ruling highlights the importance of exhausting potential administrative remedies before filing a lawsuit under ERISA.
Compliance | August 7th, 2020 District Court Says ‘Actuarial Equivalence’ ERISA Challenge Can Proceed A previous ruling was handed down in the case in January, when the parties were given an opportunity to submit...
Products | August 7th, 2019 Mercer, Club Vita Team Up to Offer ZIP Code Model for Longevity Honing in on each participant’s ZIP+4 code to capture a wealth of lifestyle information, and analyzing them alongside factors such...
Administration | July 30th, 2019 Maryland Pension System’s Assumed Rate of Return Reduced Again The Board said it based its decision on an analysis by its actuary.
Products | July 10th, 2019 Mercer Offers Longevity Risk Reporting to Pension Plan Sponsors Mercer's clients in the United States will have access to Club Vita's proprietary longevity assumptions, analytics and reporting, which will...
Data and Research | July 8th, 2019 Decline in Assumed Returns Increased Public Pension Plan Costs Researchers found a decline in assumed rates of return due to lower assumed inflation combined with a change in asset...
Compliance | December 10th, 2018 Lawsuit Argues MetLife Pension Calculations Use Outdated Mortality Table A newly filed complaint takes issue with the way MetLife calculates the actuarial equivalence of different types of annuity benefit...
Compliance | October 4th, 2017 IRS Issues Final Regulations About Mortality Tables In a statement, ERIC said it is pleased the agency took into account its request for flexibility for DB plan...