Compliance | August 29th, 2024 DOL Supports Retirees’ Appeal to Revive Lawsuit Against IBM The Department of Labor backed an appeal by IBM retirees to reopen a lawsuit against the firm for allegedly using...
Opinions | July 29th, 2024 The Life Expectancy of Actuarial Equivalence Lawsuits Despite the volume of cases, no court has yet issued a favorable judgment on the merits for any pension plan...
Compliance | June 20th, 2024 Kohler Agrees to Settle ERISA Lawsuit Against DB Plan Kohler Co., the Kohler Co. Pension Plan and pension plan beneficiary plaintiffs request the court’s approval of the settlement.
Compliance | April 19th, 2024 Kellogg Wins Pension Lawsuit Dismissal Federal court in Michigan dismisses a lawsuit brought against the Kellogg Company pension plan.
Benefits | April 9th, 2024 IBM Wins Dismissal of Pension Lawsuit A lawsuit against IBM’s pension plan will not proceed, following a judge’s ruling in U.S. District Court for the Southern...
Compliance | December 27th, 2023 What’s Changing in 2024 Under SECURE 2.0 A comparison of the SECURE 2.0 Act of 2022 provisions taking effect in 2024 and prior law, where applicable, according...
Compliance | November 9th, 2023 PBGC Publishes New Mortality Tables for 2024 The 4044/4050 tables are used to calculate withdrawal liability and missing participant program transfer amounts.
Compliance | September 22nd, 2023 Pension Plans of Kellogg, Kohler, FedEx Sued for Outdated Calculations A law firm has sued four defined pension plans over the last six weeks alleging fiduciaries violated ERISA and shortchanged...
Compliance | August 17th, 2023 PBGC Looks to Modernize Actuarial Assumptions The proposal would change mortality tables and interest rate calculations.
Compliance | January 13th, 2023 Ibuprofen Stock Surges as Plan Sponsors Read New DB Plan Rules in SECURE SECURE 2.0 makes several regulatory and disclosure changes for DB plans.
Data and Research | December 23rd, 2022 CDC Data Shows Increased Deaths and Lower Life Expectancy in 2021 However, the separate actuarial tables used for retirement planning and services may not follow the trend.
Compliance | October 24th, 2022 Arizona Electric Company Sued for Using Actuarial Tables from the 1960s Plaintiffs argue the outdated tables had the effect of reducing the value of employees’ pensions by underestimating the plaintiffs’ life...
Compliance | July 21st, 2020 Parties Bow Out of Case Challenging DB Plan Calculations The case against American Airlines is one of several alleging that the use of outdated mortality tables in determining DB...
Compliance | December 13th, 2019 IRS Publishes 2021 Mortality Improvement Rates for DB Plans The updated mortality improvement rates and static tables apply for purposes of calculating the funding target and other items for...
Products | October 14th, 2019 Club Vita Introduces Mortality Tables Considering Geography The company says the nine-digit ZIP code, or ”ZIP+4 code,” offers significantly more detail on geographical differences in life expectancy...
Compliance | June 28th, 2019 50-Year Old Mortality Data Questioned in Latest ERISA Lawsuit The mortality table in question, published in 1971, assumes 90% of Huntington Ingalls Industries’ employees are male and that 90%...
Administration | May 28th, 2019 SOA Proposes New Mortality Tables The Society of Actuaries (SOA) proposed mortality tables include mortality data from both single-employer and multiemployer defined benefit (DB) plans.
Compliance | March 25th, 2019 IRS Updates Mortality Tables for DB Plans The updated mortality improvement rates and static tables apply for purposes of calculating a defined benefit (DB) plan’s funding target...
Compliance | January 23rd, 2019 Society of Actuaries Releases Public Retirement Plan Mortality Tables It developed the new tables to give pension actuaries and plan sponsors current information to assist in setting mortality assumptions...
Administration | October 1st, 2018 Managing Growing PBGC Premiums How do plan sponsors do that, and have they already taken steps to do so?