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House-Passed Highway Bill Would Extend Transfers of Excess Pension Assets

07/21/2015 | Bloomberg BNA's Pension & Benefits Reporter

The House passed funding legislation that includes a section that would extend for four years provisions allowing employers to transfer excess pension plan assets to retiree-health accounts and group-term life insurance accounts.


Some Lump-Sum Pension Buyouts Banned

07/16/2015 | Financial Advisor

The IRS and U.S. Treasury Department have banned lump-sum pension buyouts, like the ones offered to GM and Ford retired employees, starting July 9, 2015, according to a notice from the two agencies.


Retirement Plans At Every Employer! Is Your State Next?

07/15/2015 | Forbes

Paid sick leave, raising the minimum wage, commuter benefits. What’s next on the list of items employers are going to have to offer their employees? Retirement benefits.


Curtailing Lump Sum Pension Payouts?

07/14/2015 | Pension Pulse

I applaud the IRS and Treasury for clamping down on lump-sum pension payouts. America's pensions are in peril and the last thing it needs is more lump sum payouts which will exacerbate pension poverty.


Treasury Curtails Lump Sum Pension Payouts

07/14/2015 | Forbes

In a sudden move, the Treasury Department said it will stop allowing employers to offer certain workers the option to take out their pensions in a lump sum. Notice 2015-49, Use of Lump Sum Payments to Replace Lifetime Income Being Received By Retirees Under Defined Benefit Pension Plans, applies as of July 9, 2015.


IRS, Treasury Halt Lump-Sum Buyouts for Retirees Getting a Pension

07/13/2015 | ThinkAdvisor

The Treasury Department and Internal Revenue Service amended Treasury regulations last week to stop companies from offering lump-sum buyouts to retirees who already receive a monthly pension.


Pension advocate backs IRS rule banning annuity conversions to lump sums

07/13/2015 | Business Insurance

A new IRS and Treasury Department ban on employers offering pension plan participants currently receiving monthly annuity benefits the option to convert their benefit to a cash lump sum was needed to protect retirees, a consumer advocacy group says.


Legislation offers workable solution to multiemployer plan underfunding

07/13/2015 | Pensions & Investments

This is a Letter to the Editor from Karen Ferguson, director of the Pension Rights Center, responding to a negative editorial that Pensions & Investments published on the Keep Our Pension Promises Act of 2015.


Conn. Passes Protection for Transferred Pension Assets

07/10/2015 | PlanSponsor

Connecticut Governor Dannel Malloy signed Public Act 15-167 into law, bringing additional protections to retirees’ assets from creditor claims.


Teamster Retirees’ Campaign Against Pension Cuts Draws Support from Bernie Sanders

07/06/2015 | In These Times

Less than six months after getting started, a grassroots campaign among Teamsters union retirees to protect their pensions appears to be picking up steam, attracting the support of presidential candidate Bernie Sanders and threatening to influence the outcome of the union’s own leadership elections next year.