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Hallelujahs ring after IRS reverses church pension rule

05/23/2013 | Reuters

The Internal Revenue Service may be having a bad week, but Mary Rich isn't complaining about the taxman. The former nurse and hospital executive recently won a 10-year battle to get the IRS to reverse a ruling that would have cost her and her husband, Riz Corpuz, $2,500 a month in pension benefits from their former employer, the now-defunct Hospital Center at Orange (HCO) in New Jersey.

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Groups Give Early Praise to DOL ANPRM On Lifetime Income as a ‘Good First Step’

05/21/2013 | Bloomberg BNA Pension & Benefits Reporter

The Department of Labor’s recently issued advance notice of proposed rulemaking that would require lifetime income illustrations to be included on pension benefit statements is a "good first step" toward furthering retirement income education, retirement industry groups told BNA in a series of interviews.

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PBGC Reverses Prior Position as It Agrees To Pay Benefits for Shuttered Hospital’s Plan

05/14/2013 | Bloomberg BNA Pension & Benefits Reporter

The Pension Benefit Guaranty Corporation announced May 10 that, in a reversal of a prior position, it would pay the pension benefits for more than 800 former employees of a New Jersey hospital center that closed in 2004.

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‘Triumph of justice’: 800 pensions saved after feds cover $30M shortfall for closed hospital

05/11/2013 | Star-Ledger (Newark, NJ)

Christmas will come early to 800 hospital workers whose pensions were at risk of being lost by December, thanks to a federal safety net program.

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PBGC to take control of hospital pension plan

05/10/2013 | Pensions & Investments

The PBGC will cover the pension benefits of nearly 800 former employees of the Hospital Center at Orange, after a change in legal status.

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Former Lawmaker Sees Hope in Congress For Multiemployer Plan Recommendations

05/07/2013 | Bloomberg BNA Pension & Benefits Reporter

Greater congressional interest in retirement policy in recent years could help a proposal that would shore up the multiemployer retirement plan system get adopted into law, former Rep. Earl Pomeroy (D-N.D.) said May 2.

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New Rule Signals Kiss of Death for Pensions

05/03/2013 | CNBC

A little known rule change that allows companies to contribute fewer dollars to pension funds is signaling just how meaningless the retirement vehicle has become.

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Adjustable pension plan design begins to gain converts

04/29/2013 | Pensions & Investments

A new pension plan design that allows employers to drastically reduce their risk while still providing lifetime income to participants is gaining support as an alternative to moving employees into a defined contribution plans.

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Despite financial troubles, J.C. Penney has one of the best-funded pensions in the country

04/19/2013 | Dallas Morning News

Troubled companies usually have troubled pensions, if they have pensions at all. Bankrupt giants such as General Motors Co., American Airlines Inc. and LTV Steel were hampered by billions in unfunded pension liabilities. Then there’s J.C. Penney, whose financial problems have made headlines for months. More...

Baby Boomer Confidence Level Still Low On Retirement Security, IRI Survey Finds

04/16/2013 | Bloomberg BNA Pension & Benefits Reporter

Many members of the baby boom generation continue to lack confidence in their retirement outlook, according to a survey released April 8 by the Insured Retirement Institute.

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