Tag: Defined benefit
Verizon Retirees Hope Supreme Court Will Revive PRT Suit
After seeing their pension risk transfer lawsuits dismissed in both district and circuit court, tens of thousands of former Verizon employees hope SCOTUS will have more sympathy.
Union Fund Trustees Sued for Multiple Fiduciary Breaches
The International Association of Machinists National Pension Fund and its board of trustees are facing a lawsuit.
Institutional Investors See First Losing Year Since Financial Crisis
2015 was the first calendar year since 2008 that institutional investors overall had a negative return.
Tips and Next Steps After ‘Montanile’ Decision
ERISA expert discusses the significant implications of the Supreme Court’s decision in Montanile v. Board of Trustees, especially as it pertains to enforcing liens on retirement or health...
DB Clients Should Know About Proposed Accounting Changes
Comments are due to the FASB by April 26.
IRS Proposes Nondiscrimination Relief for Closed DBs
The proposed rule will help closed DB plans continue to satisfy minimum coverage and other testing requirements.
Pension Funding Picture Still Tough for 2016
Market volatility, longevity and PBGC premiums are prompting sponsors to take a harder look at funding levels.
Overfunding Makes Challenge to DB Plan Management Moot
In the years following the filing of a lawsuit against U.S. Bank, it has made changes to its DB plan investing practices that have resulted in the plan...
Addressing the High Cost of Maintaining a DB Plan
DB plan sponsors are freezing their plans and changing accounting methods; what can be done about ballooning costs for these plans?
Pension Buyout Guide Weighs Lump Sum vs. Annuity
A new guide from the Consumer Financial Protection Bureau charts the complex twists and turns involved in a pension buyout—especially the trade-offs individuals face between lump sums and...
Investing Considerations for Not-for-Profit Health Care Clients
Mercer outlines the top investment considerations to discuss with not-for-profit healthcare organizations in 2016.
PBGC Releases Modified Reportable Events Forms and Instructions
On September 11, 2015, PBGC published a final rule that made significant changes to the prior regulation about reportable events.
Auto Enrollment, Collective Trusts Allowed for Church Plans
Part of the budget deal passed by President Obama includes legislation for church plans for which lawmakers have repeatedly pushed.
3rd Circuit Reiterates Only Churches Can Establish Church Plans
The court is the first of the appellate courts to rule on recent church plan litigation.
Court Looks Beyond Simple Meaning of Church Plan
Catholic Health Initiatives has won a lawsuit challenging its pension plan's church-plan status.
A Third-Quarter Dip for Retirement Assets, ICI Says
New information used by the Investment Company Institute results in a downward revision.
Pension Risk Transfer Advisers Needed in 2016
As 2015 is an indication, pension risk transfer activity shows no signs of slowing, so plan sponsors will need...
The Retirement Planning Uncertainty Principle
Retirement planning research is at least in one respect similar to particle physics: It’s often hard to separate observer from observed.