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Gotbaum Tells Council Lump-Sum Cash-Outs Are Like Cigarettes: Legal but Bad for You

09/03/2013 | Bloomberg BNA Pension & Benefits Reporter

Joshua Gotbaum, director of the Pension Benefit Guaranty Corporation, told the ERISA Advisory Council Aug. 29 that pension plan lump-sum cashouts to retirees are like cigarettes: They are legal, many people like them and they are bad for you.


A Pension Strategy That Could Backfire

09/01/2013 | Kiplinger's Retirement Report

Taking a life-only pension payout and buying life insurance to protect a spouse comes with risks.


Saint Peter's retirees concerned with IRS ruling on pensions

08/28/2013 | Home News Tribune/MyCentralJersey.com

Saint Peter's University Hospital employees and retirees recently were notified that the Internal Revenue Service had issued a private letter ruling saying that their pension plan is a “church plan.”


IRS says St. Peter’s Heathcare System is a ‘church plan’

08/28/2013 | BenefitsPro

Employees and retirees of New Jersey’s St. Peter’s Healthcare System have received notice from the IRS informing them their pension plan was now considered a “church plan.”


IRS grants church-plan status to St. Peter's Healthcare System

08/27/2013 | Pensions & Investments

The IRS has granted church-plan status to the defined benefit pension plan of Saint Peter's Healthcare System, New Brunswick, N.J., exempting it from Employee Retirement Income Security Act rules on reporting, minimum contributions and paying premiums to the Pension Benefit Guaranty Corp.


Courts, Rather Than IRS, May Be Arbiter Of Church Plan Exemption, Practitioners Say

08/27/2013 | Bloomberg BNA Pension & Benefits Reporter

Recent Internal Revenue Service rulings on the "church plan" status of retirement plans sponsored by large hospital systems, including a ruling apparently received by the Saint Peter’s Healthcare System Retirement Plan, indicate that the IRS is disinclined to modify its long-standing interpretation of church plan exemption under federal pension law, practitioners told BNA Aug. 23.


The Search For Missing 401(k) Money

08/27/2013 | Forbes

There are tens of thousands of workers who are due lost 401(k) money, but there is no one central depository where you can look for what’s rightfully yours.


Retirees Face Cuts in Pension Benefits

08/19/2013 | Kiplinger's Retirement Report

As multiemployer pension plans try to deal with their financial struggles, the benefits of current retirees are in the crosshairs.


Groups Say Lifetime Income Guidance Should Be Flexible, Provide Protections

08/13/2013 | Bloomberg BNA Pension & Benefits Reporter

Any guidance promulgated by the Department of Labor’s Employee Benefits Security Administration on lifetime income illustrations should be optional for retirement plans and provide fiduciary protections, retirement and financial industry groups say in comment letters.


Free legal assistance for problems collecting pension benefits

08/12/2013 | Eagle-Tribune (North Andover, MA)

Q: My husband passed away earlier this year. When I applied for his pension survivor’s benefit I was informed I was not eligible. He was out on disability when he was forced into retirement and never officially signed paperwork regarding his pension. By default he was receiving a higher monthly payout which automatically did not leave a benefit for the surviving spouse. More...