Author: dcadmin
New Cash Balance Claims Filed Too Late
A federal judge in Kentucky has ruled that cash balance plan participants waited too long before filing amended legal claims challenging their plan’s whipsaw lump-sum distribution method and other issues.
Cardinal says he will fund pensions
Cardinal Seán P. O’Malley, reacting to criticism this week over management of the archdiocesan pension plan for lay employees, affirmed his commitment to fully funding the plan.
Cardinal reaffirms commitment to lay pension plan
Cardinal Seán P. O’Malley is reaffirming his commitment to meeting the obligations of the lay pension fund and will give anyone who has already elected to cash out of the plan a chance to reverse that decision.
A “Super” Time to Save for Retirement, by Senator Chuck Grassley
This week, a group that works to make sure people get their promised pensions gave me a “Superhero” award for my work on retirement income security. The award came with a caricature of me in a Superhero costume.
Mixed ruling in suit over AIG employees’ pension losses
A New York federal judge has dismissed some claims against American International Group Inc. related to losses sustained by its employee pension plans, but also refused to dismiss others.
Don’t blame Social Security
On Monday, I was honored to join my colleagues Senators Reid, Sanders, Franken and Blumenthal at a rally with more than 300 supporters of Social Security.
Savings Plans March 31, 2011, 5:00PM EST Big Banks Go After 401(k) Trillions
JPMorgan Chase, BofA, and Wells Fargo are gearing up to compete with Fidelity and Vanguard to administer retirement plans
The role for DC plans in the public sector
In the wake of the financial crisis, policymakers have been chattering about moving to defined contribution (DC) plans in the public sector. Defined contribution plans may well have a role in the public sector, but not as an alternative to defined benefit (DB) plans.
Big Banks Go After 401(k) Trillions
JPMorgan Chase, BofA, and Wells Fargo are gearing up to compete with Fidelity and Vanguard to administer retirement plans
Pension Rights Center Gala Event: A Celebration of Superheroes
Event description: On March 30, 2011, the Pension Rights Center held a gala event to celebrate its 35th anniversary. The Center recognized the work of many indivudials by awarding the Robert M. Ball – Lisle C. Carter Superhero Awards and the Helen Quirini Activist Awards, and launched the Michael S. Gordon Fellows Program. More information.
Be Certain to Get the Pension You Earned
Are you having difficulty getting the pension or 401(k) plan funds you worked years to earn? Six pension counseling projects, funded through the U. S. Administration on Aging and serving plan participants and their beneficiaries in 29 states, can help.
Nuns take O’Malley to court over pensions
In a highly unusual case pending before the Supreme Judicial Court, an order of nuns is suing Cardinal Sean P. O’Malley, the Roman Catholic archbishop of Boston, after years of trying in vain to withdraw from a church-run pension fund.
