It’s been 50 years since Congress passed the Employee Retirement Income Security Act, and despite the progress it has made, it has a critical deficiency, one former leader of the Employee Benefits ...
Eight former Labor Department officials are calling on lawmakers to reject legislation designed to limit the recent tsunami of ERISA litigation.
The U.S. 2nd Circuit Court of Appeals ruled that a multiemployer pension fund cannot “double count” transferred assets when calculating an employer’s withdrawal liability, wiping out approximately ...
Under ERISA, the calculation of a worker's pension benefits cannot exclude a period of work due to a break in service - even if that first stretch of work occurred before ERISA was passed - a divided ...
A federal court’s narrow reading of ‘bonus’ pay—and the DOL’s sharply different view—could reshape how Wall Street structures deferred compensation. A recent legal saga, which involved a U.S.
An employee stock ownership plan (ESOP) is a defined contribution pension plan that invests primarily in shares of stock issued by the ...
The Independent Institute is pressing Washington to roll back key protections in the Employee Retirement Income Security Act, arguing that current rules prevent 401(k) participants from taking greater ...
A settlement agreement awaiting approval from a federal judge would see Providence spending nearly $43 million to settle a class-action lawsuit alleging mismanagement of its employee retirement plan.
Several U.S. dioceses and scores of other Catholic employers have hard choices to make amid an $800 million shortfall in a pension fund, managed by a Catholic financial services firm, for thousands of ...