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The War on Pensions Goes Federal

10/16/2013 | In These Times

Congress is expected to take up legislation in the next month that would fundamentally reshape the laws governing multi-employer plans. A soon-to-be-introduced bill could allow the trustees of some financially troubled plans, like the Central States Fund, to slash benefits already promised to current retirees. It’s not yet clear how big those cuts would be.


Law shields churches, leaves pensions unprotected

10/05/2013 | Associated Press

Pension shortfalls at some religiously affiliated hospitals, businesses and social service agencies are raising new alarms and spotlighting a largely overlooked gap in the law protecting Americans' retirement benefits.


This week’s other huge (but little-noticed) fight: Wall Street’s newest scheme

10/02/2013 | Salon

While we're all distracted, a quiet battle this week could seriously affect your finances. Here's what's at stake


Pension Fund Demands Overpayments Back, With Interest

09/27/2013 | CBS2 Chicago

In growing numbers, retirees are getting hit with shocking news: Through no fault of their own, pension fund mistakes resulted in overpayments they must pay back with interest. [VIDEO]


Target date funds drive up 401(k) fees

09/13/2013 | MarketWatch

Final language being hammered out on new fee disclosure rules for 401(k) funds will hopefully put pressure on plan sponsors to take a hard look at the double-layering of fees by target date mutual funds.


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.