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ERISA
A new survey finds that most employers are concerned that the rising cost of health care will lead workers to cut back on retirement savings — and see a holistic approach to both as a potential solution.Health care cost concerns are a growing concern for employers and workers alike, but a new...
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The ASPPA Board would like thank the membership for the overwhelming support of the restructuring proposal. The Board is excited about the benefits of the reorganization as we near the effective date of Jan. 1, 2015.Although vetted by outside counsel, in making final preparations for the formal...
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The U.S. Supreme Court has agreed to review the Tibble v. Edison Int’l case, it was announced Oct. 2. One of the many “excessive fee” cases being pursued through the federal court system, Tibble arose in California and was the subject of a 9th Circuit Court of Appeals decision last year. The...
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A plan sponsor’s decision to eliminate an option to transfer defined contribution account balances to a defined benefit floor-offset plan didn't violate ERISA’s anti-cutback rules, according to a federal appeals court.In Randal Andersen et al. v. DHL Retirement Pension Plan et al. (No. 12-36051),...
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The ink is barely dry on the legislation that raised the Pension Benefit Guaranty Corporation (PBGC) premiums, and already there is a proposal to hike them again. In an op-ed that appears in Roll Call, Judy Miller, ASPPA’s Director of Retirement Policy, writes about the prospect and what it means...
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