Hearing Witnesses Urge Passage of Proposed Retirement Plan Legislation
The hearing focused on four bipartisan proposals, and hearing witnesses expressed their support for these proposals, while some also urged...
Tag: multiemployer pension plans
Americans Would Like Retirement Security Laws Passed
Eighty percent of American workers surveyed said they would like to hear congressional candidates discuss retirement security.
Opinions |
The Retirement Enhancement and Savings Act of 2018: What Would It Mean for MEPs?
In March, the Retirement Enhancement and Savings Act of 2018 (RESA) was introduced in the U.S. Senate. If passed, the...
Retirement Plan Exchanges for 403(b)s
Speaking at the Plan Sponsor Council of America (PSCA) 71st Annual National Conference, Brodie Wood, SVP of healthcare, education and...
‘Peeps’ Candy Company Loses Appeal in Multiemployer Pension Funding Case
The employer sought to carve out new hires from a critical-status multiemployer pension fund and instead direct their contributions into...
New Joint Committee Seeks Input on PBGC Solvency, Multiemployer Pensions
U.S. Senators Orrin Hatch and Sherrod Brown are seeking public and industry input on ways to improve the solvency of...
Benefits |
Hearing Witnesses Lay Out How Multiemployer Pensions Got Where They Are
“A combination of economic, demographic, and regulatory changes have placed a small but material segment of these plans at risk,”...
Court Finds Company Owners Not Responsible for Multiemployer Plan Withdrawal Liability
The 9th Circuit depended on its own precedent in finding that unpaid contributions to employee benefit funds are not plan...
Court Rules Method for Calculating Multiemployer Plan Withdrawal Liability Was Improper
A federal district court has ruled a multiemployer pension fund's use of the "Segal Blend" rate when assessing a member's...
7th Circuit Again Rules Successor is Responsible for Multiemployer Plan Withdrawal Liability
The appellate court disagreed with a district court conclusion that the multiemployer plan had not shown sufficient continuity of business...
Private Higher Education 403(b) Plan Sponsors to Join MEP
The goal is to reduce fees and administrative burdens for plan sponsors while providing better services for plan participants.
PBGC Issues Guidance Designed to Keep Multiemployer Plans Solvent Longer
Regarding guidance to assist multiemployer pension plans that request PBGC review of alternative plan rules for satisfying employer withdrawal liability,...
House Members Appointed to Multiemployer Pensions Committee
Senator Sherrod Brown (D-Ohio) announced he was named co-chair of the committee; however, there were no press releases at the...
IRI Calls on Congress to Pass Mandatory 401(k) Legislation
A blueprint from the Insured Retirement Institute offers a guide for its dialogue with Congress and the Administration about improving...
Plan Withdrawals Continue to Affect Multiemployer Plans
Based on a partial year of data for 2016, 1.3% of all employers withdrew, affecting 19% of plans that covered...
Budget Bill Would Create Committee for Multiemployer Pension Reform
The law would have the committee introduce legislation to address the pension crisis by this December.
Multiemployer Plan Fund Manager Sentenced for Fund Theft
In addition to being barred as serving as a fiduciary for five years, the fund manager is ordered to make...
Kroger Withdraws From Troubled Central States Multiemployer Plan
The move is designed to protect pensions for Kroger associates who participate in the Central States Pension Fund, which is...
Bill Would Require Employers To Automatically Enroll Workers
All employees would have 6% of their income contributed to a workplace retirement plan and have these contributions automatically escalated...
Only 10% of Multiemployer Plans Are in Critical and Declining Status
Nearly two-thirds (64%) of multiemployer plans are in the green zone, according to data from Segal Consulting.