PRC In the News
IRS’s W. Thomas Reeder Nominated To Lead PBGC; Pick Widely Lauded
President Barack Obama nominated W. Thomas Reeder Jr. as director of the Pension Benefit Guaranty Corporation, and initial reaction the day after was positive from various realms of the employee benefits community.
States seek workplace retirement plans
According to the latest data, about 55 million U.S. private-sector workers don’t have access to a workplace retirement-savings plan, and states want to change that.
As Pension Recoupment Grows, Advocates For Pensioners Offer Advice to Agencies
Pension plans have been ratcheting up demands that retirees reimburse them for benefit overpayments, and a lack of government guidance has pushed those efforts even further, advocates for pensioners told Bloomberg BNA.
As Church Plan Debate Hits Next Level, 3rd Cir. Receives Competing Amicus Briefs
More than two years into a litigation effort challenging the way large hospitals run their pension plans, all eyes are on the U.S. Court of Appeals for the Third Circuit, which recently received a flood of amicus briefs arguing both sides of the debate.
Supreme Court decision should help lower 401(k) fees
In a decision that should put further downward pressure on 401(k) fees, the Supreme Court ruled unanimously Monday that the trustees in charge of such plans have an ongoing duty to monitor plan investments.
More GOP Senators Press DOL to Extend Fiduciary Comment Period
Lawmakers on both sides of the aisle continue to pressure the Department of Labor to extend the comment period on its revised plan to amend the definition of fiduciary for retirement accounts.
Lawmakers Ask DOL’s Perez to Extend Fiduciary Comment Period
Lawmakers asked Labor Secretary Thomas Perez in two separate letters this week to extend by another 45 days the comment period on the Department’s redraft of its rule to amend the definition of fiduciary under the Employee Retirement Income Security Act.
Split with White House widens as Democratic lawmakers ask DOL to extend comment deadline on fiduciary rule
More than two dozen Democratic lawmakers are asking the Labor Department to extend the comment period on a controversial rule that would raise investment advice standards for brokers working with retirement accounts.
A small victory in the war over pensions
Religious exemptions to pension guarantees have led to theft, but workers at one New Jersey hospital fought back
Pension Plan Clawbacks Becoming More Common In U.S.
In recent months, many seniors have been surprised to find that they have been the subject of a pension plan clawback, an action that is occurring more frequently across the United States.
Major Financial Players Lobby Around Obama’s Investment Rules
In the months since President Obama announced his support for new retirement investment rules that would stop advisers from pushing high-fee plans on small-fry American investors, several major financial organizations have lobbied hard on a bill that would undermine the commander in chief’s agenda, according to recently released lobbying records for the first quarter of […]
