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.
Tag: pensions
Massive Teacher Retirements Could Hurt Pensions
It would increase public pension plans’ required contributions and result in lower contributions by members.
Investing
Segal Leaders Perplexed Over Treasury’s Benefit Cut Rejections
A law passed in 2014 allows stressed union pensions to reduce benefits in order to prevent insolvency, subject to approval by the U.S. Treasury. One leading actuarial firms says the agency is preparing to wrongfully reject an application made by one of its clients.
Investing
Compliance
Coronavirus News for Plan Advisers
Focused analysis of market movements, business challenges and legislative and regulatory actions.
ERISA Title IV Determination Process Updated by PBGC
Among other elements, Title IV of ERISA is used to determine liability for PBGC termination premiums.
Compliance Consult
Unrelated Taxable Income and Pensions
‘Tax Cuts’ act raises the tax on funds generating UBTI.