A federal appellate court has upheld a ruling that the cash balance plan offered by El Paso Corporation does not violate the Employee Retirement Income Security Act (ERISA) or the Age Discrimination in Employment Act (ADEA).
Tag: Cash Balance
Kravitz has announced the upcoming launch of what it called the nation's first ever Cash Balance Daily Access online portal.
Employer-sponsored retirement plans continue to shift away from defined benefit (DB) plans toward defined contribution (DC) and Roth 401(k) savings plans, according to SHRM’s 2011 Employee Benefits report.
The 3rd U.S. Circuit Court of Appeals affirmed a lower court ruling that AT&T did not violate the Employee Retirement Income Security Act (ERISA) and the Age Discrimination in Employment Act (ADEA) in its cash balance plan.
If you’re working with large retirement plans, and you’ve done a cash balance plan conversion, you may already be in the crosshairs of a new litigation trend.
The U.S. Supreme Court vacated a lower court’s decision on grounds that that it lacked authority under ERISA to reinstate CIGNA's traditional defined benefit plan as a remedy for cash balance conversion notice violations.
A federal judge in South Carolina approved a $30 million settlement against Duke Energy over its conversion to a cash balance retirement plan.
A cash balance plan consultant says that cash balance programs are the fastest growing sector of the retirement plan market.
A federal judge in Kentucky ruled that cash balance plan participants waited too long before filing amended legal claims challenging their plan's whipsaw lump-sum distribution method.
The adoption of cash balance plans has slowed to a trickle since the passage of the Pension Protection Act of 2006, according to Sibson Consulting, a division of Segal.
Today’s retirement plan market reflects two sides of a coin; one silver, the other gold.
Small-business owners are slowly starting to realize that they can’t handle retirement planning on their own, according toE. Thomas Foster Jr., Vice President and National Spokesperson of The Hartford's Retirement Plans Group.
Replacing a gasoline engine with an electric hybrid motor...doubling the number of intake and exhaust valves...installing ABS brakes instead of standard discs...When it comes to cars, advanced designs often lead to improved performance.
The ERISA Industry Committee (ERIC) submitted to the Treasury Department and Internal Revenue Service (IRS) a series of letters on proposed and final regulations about cash balance and other hybrid plans.
A federal judge in Wisconsin has ordered Alliant Energy Corp. to use an 8.2% interest rate when it carries out lump-sum distributions from its cash balance program.
A federal judge has issued an order involving damages in a cash balance lawsuit – and it could be bigger than anticipated.
A review of the Form 5500 filings from 2008 confirms what even the most casual pension observer knows.
Looking for insights on those new hybrid plan regulations?
A federal judge in Illinois ruled that a participant in the Verizon Communications cash balance plan is entitled to attorney’s fees for her long-running legal battle even though she lost in her primary claim.
Alliant Energy Corp. improperly used a 30-year Treasury rate for whipsaw calculations for lump-sum distributions from its cash balance plan to employees younger than the retirement age, a judge ruled.