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Know The Rules Before You Roll Over Your Pension

12/06/2019 | Forbes

The days of traditional pensions are coming to an end as companies continue turning to 401(k)s for employee retirement plans. Some members of today’s workforce, mostly Generation X and older, were lucky to be enrolled in blue-chip pension plans before they were no longer offered. However, new pension access has plummeted to 4% of the workforce.

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Cutter Family Finances - What To Do If Your Employer Freezes Your Pension

12/06/2019 | The Falmouth Enterprise

General Electric (GE) announced earlier this month it was freezing pensions for 20,000 employees in an attempt to reduce its $8 billion pension deficit, and it’s also freezing supplementary pension benefits for about 700 workers.

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Justices Probe Meaning of 'Actual Knowledge' in Federal Pension Plan Fight

12/04/2019 | Law.Com

The U.S. Supreme Court on Wednesday wrestled with whether receiving pension investment disclosures constitutes “actual knowledge” of a fiduciary breach even when many people don’t read the detailed disclosures required by federal law.

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Prospects for electronic delivery sparking enthusiasm for more

11/25/2019 | Pensions & Investments

The plan sponsor and record-keeper communities are thrilled with a new Department of Labor proposal that would permit default electronic delivery of retirement plan disclosures and would like to see it expanded further.

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Pension Rights Center Cries Foul Over DOL Electronic Disclosure Plan

11/20/2019 | Think Advisor

The Pension Rights Center is urging the Labor Department to withdraw its proposed electronic disclosure rule, saying the plan makes it harder for workers to get the information they need to prepare for retirement and monitor their pension and 401(k) plans.

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Intel Corp. Investment Policy Committee v. Sulyma to shape ERISA fiduciary lawsuits

11/07/2019 | Lawyers and Settlements

Washington, DC -- On December 4, the US Supreme Court will hear arguments in an ERISA lawsuit that may have lasting implications for the ability of plan participants to sue over mismanagement of retirement funds.

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Falling interest rates wreak havoc in US pension system

11/06/2019 | Financial Times

Expert insights, analysis and smart data help you cut through the noise to spot trends, risks and opportunities

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Legislation proposes new PBGC funding source from QPAM fees

10/15/2019 | Pensions&Investments

Legislation aimed at giving the PBGC more money for distressed multiemployer pension funds by imposing fees on asset managers that want to keep managing retirement plan assets following criminal convictions was introduced Monday by Sen. Tammy Baldwin, D-Wis.

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As GE freezes pensions, observers say employees should consider finances carefully

10/12/2019 | timesunion

John Phelps gives General Electric's current CEO, Larry Culp, the benefit of the doubt. Phelps, a GE retiree who has tangled with management over changes to the company's retiree health plans, isn't surprised Culp has lately focused his cost-cutting efforts on the company's pension plan

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GE's pension freeze raises a question: Should you take a lump-sum buyout or keep benefits?

10/11/2019 | USA Today

General Electric is offering about 100,000 former workers a "limited-time option" to take their pensions in a lump sum. But experts say such buyout deals may not be as good as they seem.

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