Compliance

PBGC Takes Over J.C. Penney Pension

A purchase agreement allowing the company to emerge from Chapter 11 bankruptcy does not include the pension plan debts or assets, despite its comparatively strong funding position.

DOL’s Final ESG Rule Appears Slightly Softer Than Proposal

The final version of the regulation emphasizes the importance of using only ‘pecuniary’ factors in the assessment of investment options within tax-qualified retirement plans, rather than expressly limiting the use of environmental, social and governance themed investments.

Health Savings Account Basics

One notable feature is that account holders can deduct from their own income the amount of HSA contributions made to their account by other people—but not the employer.