Compliance | July 1st, 2024 PBGC Closer to Receiving Pension Plan Restitution Payments Following a federal court order in Pennsylvania, the Pension Benefit Guaranty Corporation is nearer to forcing a bankrupt construction company...
Opinions | June 25th, 2024 Why PBGC’s Flat-Rate Premiums Need to Drop Lowering premiums might spur some organizations to consider offering a defined benefit plan, which could be an additional form of...
Compliance | June 13th, 2024 $8M Repayment of Excess SFA Money Coming From Illinois Multiemployer Pension The refund is the second such settlement related to overpayment of Special Financial Assistance due to the inclusion of deceased...
Compliance | May 20th, 2024 PBGC Sues to Recover Losses Caused by Trustee’s Asset Transfer The Pension Benefit Guaranty Corporation claims a shuttered California corporation’s CEO transferred plan assets to a business checking account.
Compliance | May 3rd, 2024 PBGC Seeks $1 Million+ in Liability Payments From Pension Plan in Trusteeship The Pension Benefit Guaranty Corporation is seeking damages from a construction company after the PBGC took over its terminated pension...
Administration | March 5th, 2024 PBGC Sues to Terminate NYC Nonprofit DB plan The Sheltering Arms organization shut down in 2023, and the PBGC seeks to become its defined benefit plan’s statutory trustee.
Compliance | February 5th, 2024 PBGC Files Petition Seeking Documents California DB Plan Failed to Deliver The Pension Benefit Guaranty Corporation has escalated legal proceedings against a pension plan sponsor that allegedly stopped paying insurance premiums,...
Benefits | December 29th, 2023 EBSA’s Lisa Gomez Talks DOL 2024 Agenda The Department of Labor keeps working to implement provisions of 2022’s SECURE 2.0 Act alongside further rules for retirement and...
Compliance | December 11th, 2023 2024 ERISA Plan Compliance Calendar A schedule to help plan sponsors track important due dates for their plans.
Data and Research | October 4th, 2023 Market Conditions Continue to Fuel Pension Risk Transfers The majority of plan sponsors with the goal of mitigating pension plan risks are looking to fully divest their company’s...
Compliance | July 17th, 2023 Manufacturing, Transportation, Retail Pension Funds Receive PBGC Bailouts Special Financial Assistance funds were granted to three struggling pension plans by the PBGC on July 11.
Compliance | April 25th, 2023 DOL Offers Guidance for Multiemployer Plans Bulletin provides FAQ to help plans that received Special Financial Assistance meet notice requirements.
Benefits | February 8th, 2023 Delphi Pension Restoration Bill is Reintroduced Bipartisan measure would restore pensions to more than 20,000 retirees and provide back pay for benefits that were cut.
Compliance | January 5th, 2023 ESOP Plan Faces Retirement Records Lawsuit When a former worker at medical technology company BD sought distribution of his vested and accrued retirement assets, the firm...
Compliance | December 15th, 2022 Two More Struggling Union Plans Receive PBGC Assistance The plans combine to cover more than 10,000 participants, and their aggregate PBGC assistance adds up to more than $700...
Compliance | December 13th, 2022 2023 ERISA Plan Compliance Calendar A schedule to help plan sponsors track important due dates for their plan
Benefits | December 8th, 2022 Central States Teamsters Pension Fund Becomes the Largest SFA Rescue The multiemployer plan will receive $35.8 billion in assistance, making it the largest bailout under the Special Financial Assistance program...
Compliance | October 14th, 2022 PBGC Proposes Rule for Multiemployer Pension Withdrawals The Pension Benefit Guaranty Corporation proposal clarifies assumptions for determining an employer’s withdrawal liability.
Compliance | September 27th, 2022 What Would a Government Shutdown Mean for the DOL? The Department of Labor would be able to sustain services deemed essential, as well as those that receive forms of...
Compliance | September 26th, 2022 Plan Sponsors Consider PBGC Premium Strategies As plan sponsors near the deadline for changing how they calculate PBGC premiums, some are considering a change in light...