The Pension Benefit Guaranty Corporation has issued a final rule amending its regulation on benefits payable in terminated single-employer plans to address the issue of the guarantee of benefits for participants who are serving in the uniformed services at the time that their pension plan terminates. Read more

Despite recent increases in asset values and regulatory relief from the Internal Revenue Service, U.S. Read more

Employees who claimed to be negatively affected by a company’s conversion of its defined benefit pension plan from one based on final average pay to one based on cash balance have timely discrimination charges when applying the Lilly Ledbetter Fair Pay Act, a federal district court rules.

The company had used a five year transition period before full implementation of the new plan, during w Read more

Despite recent events in the economy, a majority of workers are satisfied with their current employer-sponsored retirement benefits, with many placing a high value on plans that offer security and flexibility, according to a newly released Watson Wyatt survey.

The Watson Wyatt survey finds that 54 percent of employees are sat Read more

The Pension Benefit Guaranty Corporation proposes to amend its regulation on benefits payable in terminated single employer plans, to “address a narrow but important issue” regarding the guarantee of benefits for participants serving in the militar Read more

Employers are divided on whether 401(k) plans, which have become more common than traditional pension plans, are meeting employees’ retirement savings needs, according to a recent Mercer survey.

Mercer surveyed 180 employers who sponsor a 401(k) plan. Read more

Overturning a Ninth Circuit decision, a 7-2 U.S. Read more

Multiemployer defined benefit pension plans are feeling the effects of the current economic recession, according to the International Foundation of Employee Benefit Plans, citing its survey showing that the majority of plans were either endangered or seriously endangered (41 percent) or critical (38 percent).

The F Read more

The Pension Benefit Guaranty Corporation is waiving certain penalties and extending certain deadlines in response to the severe storms and flooding that occurred in Hawaii on December 10, 2008 Read more

The Employee Benefits Security Administration under the U.S. Dept. Read more

The pension plan funding levels at large U.S. Read more

Fewer companies are offering a defined benefit pension plan to their workers, according to HEC’s 2008 Defined Benefit Pension Plans and Money Purchase/Profit Sharing/401(k)/403(b) Plans in Hawaii survey (available only to survey participants).
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U.S. employers will be required to contribute more than $108 billion into their defined benefit plans this year, according to Watson Wyatt.
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The U.S. Dept. of Labor has issued a final regulation establishing procedures that assess civil penalties under the Employee Retirement Income Security Act against benefit plan administrators and sponsors for not disclosing certain plan information and documents to participants and beneficiaries.
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An analysis of the funding policies of more than 250 pension plans conducted by Mercer reveals that 27 percent fail to develop and then adhere to a formal, well-documented funding policy. Read more