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General Electric freezing pension plan for 20,000 of its U.S. employees

10/08/2019 | CBS NEWS

General Electric announced it will freeze the pensions of 20,000 U.S. salaried workers, a measure designed to reduce its pension deficit and trim debt. The move will shave GE's pension deficit by as much as $8 billion and its net debt by as much as $6 billion.


GE to Freeze Pension Plan sand Cut Deficit by Up to USD 8 Billion

10/07/2019 | Financial Buzz

General Electric Co (NYSE:GE) On Monday said it will freeze pension plans for about 20,000 U.S. salaried workers, and supplementary pension benefits for 700 employees who became executives before 2011.


Not receiving the pension you deserve? There’s help

10/03/2019 | Tribune Content Agency

Many people are entitled to pensions that they are not receiving. It may seem strange, but this is often because they don’t know they are eligible for a pension.


ERISA cases get starring roles in new Supreme Court term

09/30/2019 | Pensions&Investments

After three quiet years with no major ERISA cases, the U.S. Supreme Court starts its 2019 term on Oct. 1 with three significant cases scheduled and more waiting in the wings.


Trump wrong to challenge workplace savings plans

09/28/2019 | Investment News

Virtually everyone who looks at the numbers agrees that America faces a retirement crisis. Simply put, most Americans have not saved enough to generate the income they will need to support themselves for the many, many years when they are no longer working full time.


Scorecard: College Retirement Plan Litigation Three Years Later

09/25/2019 | Bloomberg Law

Washington University in St. Louis and a group of workers who say they got a bad deal from the school’s retirement plan will argue their case today before the Eighth Circuit.


U.S. Weighs In on Supreme Court Consideration of Pension Case

09/20/2019 | Plan Adviser

The U.S. Solicitor General and the Pension Rights Center have filed briefs of Amicus Curiae with the Supreme Court in Thole v. U.S. Bank, a pension-focused case arising under the Employee Retirement Income Security Act (ERISA).


“Overfunded Plans Can Face ERISA Suits, Feds Tell High Court”

09/19/2019 | COHENMILSTEIN

The Employee Retirement Income Security Act allows for claims against pension plans that are overfunded, the federal government told the U.S. Supreme Court, weighing in on a battle between U.S. Bank and retirees looking to revive their suit against a plan that's now in the black. 


Pension crisis could be looming for at least a million retirees of religious organizations

09/17/2019 | The Christian Post

For Catholic-affiliated organizations alone, about 1 million pensioners are now estimated to be at risk of having reduced or zero pension benefits due to a federal law that exempts religious organizations from providing regulated and guaranteed pensions.


U.K. companies are required to enroll workers in retirement plans — and it’s helping them save more

09/15/2019 | Market Watch

Saving for retirement in the United Kingdom has become a given.