Institutional Investors Post Seventh Quarter of Positive Returns
Corporate funds led gains for the second quarter of 2017, according to the Wilshire TUCS.
Tag: Taft-Hartley
PBGC Requests More Time to Collect Multiemployer Merger Information
The agency says it uses information submitted by plan sponsors under the regulation to determine whether mergers and transfers conform to the requirements of ERISA Section 4231.
Multiemployer Plans Have Hope and a Future
Doom and gloom headlines are not the whole story about multiemployer plans.
Multiemployer Plan Member Has No Claim Against Rehabilitation Amendment
WestRock RKT Company claims that the amendment violates ERISA because “critical status [multiemployer plans] with valid rehabilitation plans may not unilaterally impose on employers contribution requirements necessary to avoid an [accumulated funding deficiency].”
Lawmakers Introduce Legislation to Stop Multiemployer Plan Benefit Cuts
The new legislation establishes a legacy fund within the Pension Benefit Guaranty Corporation.
Market Returns Help Boost Institutional Investor Returns
“This quarter’s return boosted the one-year return to 10.49% for the year ending March 31, 2017,” says Robert J. Waid, managing director, Wilshire Associates.
Multiemployer Plans’ Zone Status Remains Stable
The numbers are virtually unchanged compared to data for the previous 12-month period, Segal Consulting finds.
PBGC Issues RFI About Alternative Multiemployer Plan Withdrawal Liability Calculation
The agency wants to hear about issues involving a two-pool withdrawal liability method.
Multiemployer Plans Are Predominantly in Green Zone
While some multiemployer plans are in poor shape financially, many more are doing just fine, according to an analysis from Segal Consulting.
Trustee and Counsel for Union Found Guilty of Retaliation
The case stemmed from the activities of workers who reported on the trustee’s interference with collections and contributions from unionized employers.
Reductions in Multiemployer Plan Withdrawal Liability Possible
Rehabilitation plan surcharges and contribution rate increases can be excluded from withdrawal liability installment payment calculations.
PBGC Issues Proposed Rule for Multiemployer Plan Mergers
The proposed rule would provide guidance about the process for requesting a facilitated merger, including a request for financial assistance.
PBGC Data Tables Show Serious Underfunding
The single-employer program is underfunded by more than $19 billion, and the multiemployer program is underfunded by more than $42 billion.
Court Expands Withdrawal Liability Rules for Construction Employers
The federal appellate court’s opinion turned on when to assess common control among employers.
PBGC Adjusts Penalties for Failure to Provide Disclosures
PBGC says its legal authority for this action comes from legislation about inflation adjustment of civil penalties.
IRS Issues Final Rules for Multiemployer Plan Suspension of Benefits
The final rule includes limitations on suspensions, requirements for benefit improvements, notice requirements and details of the approval or rejection process.
Multiemployer Plans Close 2015 Less Funded
The funded status declined from 79% at the end of June 2015 to 75% at the end of December.
Private Equity Funds Liable for Multiemployer Plan Withdrawal Liability
A federal district court found private equity funds that owned a bankrupt company are responsible for that company’s multiemployer pension plan withdrawal liability.
PBGC Warns of Multiemployer Program Trouble
In a report to Congress, the agency says the program will likely run out of money by 2025.
Retirees Nationwide Protest Multiemployer Plan Benefit Cuts
While retirees say the cuts are unfair, regulators say without them, the result could be much worse.