Administration | August 25th, 2015 Newell Rubbermaid Announces Lump-Sum Offering Employees with deferred vested benefits under the firm’s pension plan may elect to receive a lump-sum payment.
Compliance | August 21st, 2015 Court Affirms Dismissal of Verizon Pension Risk Transfer Suit An appellate court ruled that the decisions to amend the plan and transfer certain assets to an annuity contract were...
Administration | August 20th, 2015 Electric Company Passes Pension Obligation to The Principal The Principal will assume obligation for pension benefits of certain retirees of the Lincoln Electric Company.
Compliance | August 12th, 2015 Record Companies Sued Over Pension Contributions Several well-known music recording companies are named in a lawsuit tied to music streaming revenues and other sources of potential...
Investing | August 7th, 2015 Heavy Allocations to Fixed Income Hurt Corporate Pensions Corporate ERISA plans returned -1.6% at the median in the second quarter, according to Northern Trust.
Administration | August 6th, 2015 Mercer Says Corporate Pensions Hampered By Rates in July It’s been something of a common monthly performance story for pension plans in recent years, with decreasing rates overpowering increasing...
Administration | August 5th, 2015 IRS Unveils Mortality Tables for 2016 Pension Funding “The misery of uncertainty is worse than the certainty of misery,” commented one retirement industry expert, on the release of...
Investing | August 4th, 2015 Addressing Liability But Maintaining Growth With Alternatives Growth without the drawdown risk in a defined benefit plan? Alternatives may be an answer, some experts say.
Data and Research | August 3rd, 2015 Pension Plans Had a Strong Second Quarter Movement in the effective interest rate decreased pension plan liabilities sharply during the second quarter of 2015.
Products | July 29th, 2015 Deloitte and Penbridge Expand Pension Services Partnership The firms announced an “expanded array of defined benefit plan services” after nearly a year and a half of partnership...
Compliance | July 27th, 2015 No Individual Harm Means No Claim Against Pension Plan A federal appellate court says a defined benefit plan beneficiary has no standing to sue the plan if he cannot...
Compliance | July 24th, 2015 PBGC Proposes Changes to Reporting Requirements The agency says funding relief prevents it from getting all information it needs to help plans.
Data and Research | July 20th, 2015 Sponsors Actively Working to Derisk DBs Seventy percent of DB plan sponsors are contributing more to their plans than the minimum required amount.
Compliance | July 16th, 2015 Bill Extends Provision for Using Surplus Pension Funding Over-funded pension plans would have a longer time period in which they could use surpluses to pay for retiree health...
Investing | July 16th, 2015 Pension Funds Top Alternatives Investors And real estate is the most popular alternative asset class for pensions, a survey shows.
Compliance | July 10th, 2015 IRS Announces Halt to Certain Lump-Sum Offerings Effective July 9, DB plan sponsors may no longer offer a lump-sum window to participants who have begun receiving installments.
Deals and People | July 9th, 2015 MassMutual Appoints Pension Buyout Leader MassMutual’s new pension buyout business leader takes on the role during a peak time for risk transfer activity.
Deals and People | July 1st, 2015 BPAS Expands Plan Administration Business Benefit Plans Administrative Services (BPAS) has acquired the defined contribution plan administration practice of Lifetime Benefit Solutions (LBS).
Deals and People | June 22nd, 2015 Groom Lawyer Rejoins Firm Following Senate Staff Role Michael Kreps has rejoined the Groom Law Group to help expand the premier policy practice.
Products | June 17th, 2015 BNY Mellon Raising Commitment to DC Plans Launches new publication for sponsors and advisers.