Compliance

Kenneth Feinberg has been appointed as a Special Master to help provide a dedicated, impartial and informed review of applications proposing to reduce pension benefits.

Calls update to a 40-year-old rule “long overdue.”

Bankruptcies need not be imminent to ask PBGC to approve a partition.

In a section called “Reducing Harmful Red Tape,” the committee proposes a “provision prohibiting regulatory changes to the definition of the term ‘Fiduciary.’”

The announcement also includes the official notice of an extended comment period.

The lawsuit claims Dave & Buster’s effort to “right size” its workforce was done to avoid paying for health care benefits.

There are still unresolved issues about the selectivity requirement for a plan to be considered a top hat plan.

The U.S. Chamber of Commerce issued a report warning the fiduciary rulemaking effort could harm small business employees.

The U.S. Supreme Court has been asked to weigh in on whether a retirement plan may dictate the venue in which participant lawsuits are filed.

The Supreme Court in New Jersey has found that the pension contributions promised in 2011 reform are not part of an enforceable contract.

The Labor Department filed suit against a California-based manufacturer to recover millions of dollars for ESOP plan participants.

The appellate court found that Bank of America’s closing agreement with the IRS did not make the case moot.

Cash balance plans and ESOPs can now be submitted for an approval letter from the IRS.

Affected participants will receive $9 million, less attorneys’ fees and settlement expenses.

A group of Republican and Democratic members of the U.S. House introduced the Receiving Electronic Statements to Improve Retiree Earnings (RETIRE) Act.

U.S. Solicitor General Donald B. Verrilli Jr. said the questions before the Supreme Court in RJR Pension Investment Committee v. Richard G. Tatum do not warrant the court’s...

The new other post-employment benefits (OPEB) standards parallel the pension standards issued in 2012.

It’s often simply a lack of oversight and processes not followed.

Lifetime income, service provider process changes and privacy of retirement plan information are just a few things for which plan sponsors need to prepare.

Knowing what to avoid and working with advisers and providers can help retirement plan sponsors maintain good plan operations.