Workers and Retirees Lose Pensions – and Take Action!
On New Year’s Eve, current and retired employees of Augsburg Fortress, the publishing arm of the Evangelical Lutheran Church in America, learned that their traditional defined benefit pension plan would be terminated and that they could lose a substantial portion of their benefits as a result of the termination. These days, news of an employer […]
When is a participant not a participant?
As I was reading the most recent edition of the Private Pension Plan Bulletin Abstract of 2007 Form 5500 Annual Reports [PDF], published by the Labor Department’s Employee Benefits Security Administration, I noticed something rather odd in one of the footnotes. In its definition of “participant,” the Bulletin includes “individuals who are merely eligible to elect […]