A handful of important changes were made this week to the Pension Benefit Guaranty Corporation’s Special Financial Assistance program for struggling union pensions.
After months of operating on an interim basis, the Special Financial Assistance program for multiemployer pensions has been formally finalized within the Pension Benefit Guaranty Corporation.
One retirement industry policy expert says the conversations she is having on Capitol Hill make her optimistic that the ambitious retirement reform package could pass after the November...
The plaintiffs say the defendants failed to leverage the size of Kellogg’s plan to secure reasonable fees for recordkeeping and managed account services.
The defendants are accused of paying unreasonable recordkeeping and administrative fees and offering imprudent share classes of certain investment options.
For certain 403(b) plan participants at New Jersey school districts, more choices could facilitate additional retirement strategy personalization, one bill supporter says.
The arguments in the new lawsuit closely resemble those in cases previously filed by plaintiffs represented by the highly active law firm Capozzi Adler.
The U.S. District Court for the Eastern District of Missouri has ruled in favor of the defendants in an Employee Retirement Income Security Act lawsuit filed against the...
For the second time in a little more than a week, a key Senate committee has advanced an important piece of retirement plan reform legislation for a vote...
The defendant in the case, CommonSpirit Health, was accused of committing fiduciary breaches in the provision of an active target-date fund suit—allegations rejected both in district court and...
Secretary of Labor Marty Walsh also testified in Congress that President Joe Biden’s budget must be implemented to protect workers’ retirement security.
Backers of the bill say it will improve retirement security by creating additional protections for workers and retirement savers at all stages of their retirement timelines.