In a case that alleges, among other things, that defendants breached their ERISA duties by offering a money market fund rather than a stable value fund as a...
The lawsuit claims the Kentucky Retirement Systems (KRS) lost money on more than $1.5 billion in hedge fund investments in recent years, although its own advisers privately urged...
The ERISA Advisory Council is asking the DOL to provide guidance on how plan sponsors should evaluate the cybersecurity risks they face and to require them to be...
MetLife has been accused of failing to take sufficient measures to locate annuitants, declaring them dead and transferring the assets for their benefits to the firm.
The Commission is requesting comment on how certain aspects of the proposed rules address how a security-based swap data repository could potentially satisfy its obligation to verify the...
The early financial assistance from PBGC, together with benefit reductions that are required as a condition for receiving assistance, will help a Pennsylvania union pension plan avoid insolvency.
Among some 50 other provisions aimed at improving retirement readiness in the U.S., the bill substantially increases the tax credit under current law for small businesses that adopt...
The text of a new ruling on GE defendants' summary dismissal motion steps through complex issues of timeliness that are being tested in other ongoing ERISA cases.
The Retirement Parity for Student Loans Act would permit 401(k), 403(b), and SIMPLE retirement plans to make matching contributions to workers as if their student loan payments were...
The safe harbor provision in the Retirement Enhancement and Savings Act would safeguard plan sponsors from liability issues stemming from any losses from the insurer’s ability to meet...
Cases have been filed against MetLife, Pepsi and American Airlines saying the use of outdated mortality tables in determining annuity payments causes retirees to lose part of their...
A new table will be used for determining expected retirement ages for participants in pension plans undergoing distress or involuntary termination with valuation dates falling in 2019.
A newly filed complaint takes issue with the way MetLife calculates the actuarial equivalence of different types of annuity benefit options available in the firm’s pension plan.
Reflecting on lessons learned this year, Jamie Fleckner, partner at Goodwin Procter, says cases still are growing more diverse in their claims and outcomes relative to earlier waves...