Administration | June 16th, 2015 Challenges of Retirement Plans for Union Members The collective bargaining agreement rules.
Compliance | April 2nd, 2015 PBGC Proposes Electronic Filing for Multiemployer Plan Notices The PBGC says electronic filing of certain notices required by multiemployer plans would result in greater efficiencies for the government.
Compliance | March 25th, 2015 Changes Soon Due for Multiemployer Plans Expanded annual actuarial certifications for multiemployer plans are due March 31 for calendar year plans.
Administration | March 23rd, 2015 Multiemployer Plans Need Consistent Returns to Fully Rebound Multiemployer plans have not fully rebounded from the 2008 financial crisis because returns have not kept pace with growth in...
Products | February 25th, 2015 LGIMA Expands Beyond Corporate DB Plan Market LGIMA has hired Mark Toomey, senior client portfolio manager, to assist with its expansion.
Compliance | February 19th, 2015 PBGC Issues FAQs About Multiemployer Pension Reform The FAQs are addressed to multiemployer plan participants, and provide a summary of certain reform provisions.
Compliance | February 17th, 2015 PBGC, IRS Request Input on Multiemployer Plan Guidance The PBGC and the IRS have issued requests for information to help them with issuing guidance about the Multiemployer Pension...
Investing | February 9th, 2015 Master Trusts See Sixth Year of Gains All plan types had a median return of 1.70% in Q4 2014.
Compliance | January 15th, 2015 Supreme Court Won’t Review Multiemployer Withdrawal Liability Case The Supreme Court decided not to review an appellate court decision ordering several commonly owned companies to pay withdrawal liabilities...
Compliance | January 13th, 2015 What New Legislation Means for Multiemployer Plans The passage of the Multiemployer Pension Reform Act of 2014 represents an important milestone for multiemployer pension plans in the...
Compliance | January 12th, 2015 J.P. Morgan Settles Lawsuit for $500M J.P. Morgan has agreed to pay approximately $500 million to settle a class-action lawsuit over poor-quality mortgage-backed securities.
Compliance | December 10th, 2014 Spending Bill Would Allow Pension Benefit Cuts An amendment tacked on to the U.S House’s proposed spending bill would “permit trustees of severely underfunded [multiemployer] plans to...
Compliance | December 10th, 2014 Bill Would Extend PPA Provisions for Multiemployer Plans The U.S. House of Representatives has approved a bill that would extend funding and benefit rules for multiemployer plans.
Compliance | December 8th, 2014 Fiduciaries of Fake Union Plan Ordered to Pay $4.7M A court determined the fake Professional Industrial Trade Workers Union was a front for a scheme to operate a purported,...
Benefits | November 17th, 2014 IFEBP Says Multiemployer Plans Rebounding A new report suggests multiemployer defined benefit (DB) plans are rebounding after a turbulent decade.
Administration | October 30th, 2014 Returns Not Keeping Pace with Multiemployer Plan Liability October 30, 2014 (PLANSPONSOR.com) - Strong investment performance during 2013 triggered a notable improvement in the aggregate funded status of...
Deals and People | October 21st, 2014 MassMutual Expands Taft-Hartley Service Team October 21, 2014 (PLANSPONSOR.com) – MassMutual’s retirement services group has added several members to its Taft-Hartley retirement plan client service...
Compliance | September 11th, 2014 UAW Retirees Cannot Benefit from Restatement of Benefits September 11, 2014 (PLANSPONSOR.com) - Because it did not appeal a decision allowing Visteon to terminate certain benefits, the UAW...
Compliance | August 28th, 2014 Company Owner Pleads Guilty to Falsifying ERISA Disclosures August 28, 2014 (PLANSPONSOR.com) - The owner of a Maryland electrical contracting company pleaded guilty to falsifying plan documents to...
Benefits | August 14th, 2014 Structural Challenges Impact Multiemployer Plan Funding August 14, 2014 (PLANSPONSOR.com) - Multiemployer retirement plans face three structural challenges that affect their funding, according to a brief...