‘Women’s Pension Protect Act’ Seeks DB-Like Protections for DC Plans
Democratic Senator Patty Murray says her bill would be a strong first step toward addressing some of the key hurdles facing women as they save for retirement in...
Compliance
Verizon Landline Spinoff Company Frontier Faces Stock Drop Litigation
The lawsuit seems keenly aware of the poor record other such complaints have had in federal court since the crucial Supreme Court ruling in Fifth-Third vs. Dudenhoeffer—focusing its...
Church Failed to Provide Retirement Benefits to Former Employees
Its former executive pastor and his wife presented evidence showing that supplemental retirement benefits were improperly taken in November 2011 and placed in the church's building campaign.
Wilmington Trust Dodges M&T Bank Proprietary Funds Suit
Wilmington Trust subsidiaries were found not to be fiduciaries, but other claims against the M&T Bank retirement plan committee were moved forward.
PBGC Issues Rules to Facilitate Mergers of Multiemployer Plans
The Pension Benefit Guaranty Corporation says that mergers can protect the benefits earned by workers and retirees and extend the solvency of troubled plans.
Butch Lewis Act Would Cost ‘Just $34 Billion,’ Dems Argue
Senate Democrats are highlighting the publication of the Congressional Budget Office’s scoring of proposed legislation known as the Butch Lewis Act, which seeks to “put union pension plans...
Investor Advocacy Groups Question SEC Customer Relationship Summary Form
Noting that they believe a more viable customer relationship summary (CRS) form can still be developed by the SEC as part of its Regulation Best Interest proposal, a...
Republicans Flesh Out Tax Reform 2.0, Taking Aim at Retirement Issues
A trio of bills introduced before the House Ways and Means Committee this week offer the first detailed look at Republican Congressional leaders’ hopes for “Tax Reform 2.0,”...
Advocacy Group Fighting Tax That Could Hit Retirement Plans
While an analysis by Modern Markets Initiative focuses specifically on public pension funds, the company notes that the tax will affect all defined benefit (DB) plans, individual retirement...
Commenters Against Federal Licensing, CE and Financial Responsibility Requirements for Advisers
The SEC included these proposals as part of its proposed best interest standards for investment advisers.
5th Circuit Sides with Whole Foods in Stock Drop Litigation
The case ascended on appeal from the U.S. District Court for the Western District of Texas, where it also flatly failed to meet the high hurdles for proving...
PBGC 2018 Premium Filing Instructions Available
The agency included a list of common filing errors and provided details about those errors in a new Appendix.
PBGC May Sue for Successor Liability for Single-Employer DB Plan Termination Costs
The 6th Circuit said a district court rejected case law when it reasoned that the cases relied on by the Pension Benefit Guaranty Corporation (PBGC) arose under the...
SEC Proposes More Information About ETFs to Investors
The agency has issued a proposal that would make it easier for ETFs to come to market.
Court Order to Pay Pensions Leads Archdiocese of San Juan to File Bankruptcy
The U.S. Supreme Court denied the archdiocese’s application for a temporary reprieve from a court order to pay $4.7 million to both retired and active teachers; however, filing...