Court Watchers Looking at Plan Fees, Retiree Benefits, Church Plans in 2015
Just as 2014 brought big rulings on stock-drop litigation and equitable remedies like reformation and surcharge, 2015 is shaping up to be another big year for ERISA litigation, with pending cases involving retiree health benefits, plan fee cases and ERISA’s church plan exemption.
Fiduciary Re-Proposal, Fee Disclosures On Deck for 2015; MEPs Wait in the Wings
Top employee benefit issues for the Department of Labor in 2015 are similar to those in 2014: a re-proposal that would expand the definition of “fiduciary” under the Employee Retirement Income Security Act and guidance on plan fee disclosures.
Multiemployer, 4062(e) Changes Enacted, And Now It’s Time to See How It Shakes Out
Congressional negotiations over a budget bill late last year introduced a landmark change to ERISA on the law’s 40th anniversary: To preserve their multiemployer defined benefit plans, trustees and participants can now voluntarily decide whether to reduce benefits instead of waiting for plan insolvency.
Monitoring investments doesn’t end
Supreme Court is reviewing a decision on the responsibility of plans to continually watch costs
New Fiduciary Push Faces Longer Odds
A coalition of consumer-oriented public interest groups has created a website designed to mobilize public support for a uniform fiduciary standard in anticipation of a renewed push to expand the standard.
How to invest in new state-sponsored retirement plans
Illinois gets whacked plenty for its troubled public pension plan systems. But now it’s getting high praise for being the first state in the USA to offer a novel type of retirement plan, which goes into effect in 2017.
Time to close Wall Street’s “Retirement Advice” loophole
There is a loophole in the rules that govern Wall Street brokers and financial firms that provide retirement investment advice that can drain away thousands, or even tens of thousands, of dollars of hard-earned savings from a single retirement account. Today, a coalition of senior, union and consumer groups launched a new website-SaveOurRetirement.org-to mobilize support […]
Consumer groups, unions push for DOL fiduciary rule
A new coalition of labor unions and consumer advocates has formed to help generate support for the Department of Labor’s anticipated new fiduciary standard, which would make broker-dealers beholden to the high standards of care established under the Employee Retirement Income Security Act.
Coalition Petitions For Pension Advisor Fiduciary Mandate
Several of the nation’s most influential consumer and labor groups have started an online petition demanding a fiduciary obligation on financial advisors consulting with pension plans and their participants.
Public Interest Organizations Join Forces to Protect Americans’ Retirement Savings
SaveOurRetirement.org will educate workers and retirees about the “Retirement Advice Loophole” – and mobilize public support to close it Washington — A broad range of national public interest organizations have joined forces in a new campaign to protect Americans from the “Retirement Advice Loophole” that can drain away thousands of dollars of hard-earned savings from […]
Remarks by Karen Ferguson at the PBGC’s 40th anniversary forum (January 12, 2015)
On January 12, 2015, The Pension Rights Center co-sponsored a forum, celebrating the 40th anniversary of the Pension Benefit Guaranty Corporation, the federal agency that insures most private pension plans. PRC Director Karen Ferguson delivered the following remarks to open the event: Welcome. The Pension Rights Center is absolutely delighted to co-sponsor this 40th […]
Organizing to Protect Our Pensions
Reckless Wall Street schemes tanked the economy and Teamster pension funds. Now Teamsters and retiree advocates are coming together to hold Wall Street accountable and take on pension cuts.
