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Pension Rights Center

IRS's W. Thomas Reeder Nominated To Lead PBGC; Pick Widely Lauded

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President Barack Obama nominated W. Thomas Reeder Jr. as director of the Pension Benefit Guaranty Corporation, and initial reaction the day after was positive from various realms of the employee benefits community.

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Summary of the pension cutback provisions in the Multiemployer Pension Reform Act of 2014

Legislation

In December 2014, Congress passed and President Obama signed into law the 2015 Omnibus spending bill, which included provisions of the Mult

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IRS Moves to Ease Pension Pain

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AARP Bulletin story exposed drastic payment reductions

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States seek workplace retirement plans

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According to the latest data, about 55 million U.S. private-sector workers don’t have access to a workplace retirement-savings plan, and states want to change that.

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As Pension Recoupment Grows, Advocates For Pensioners Offer Advice to Agencies

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Pension plans have been ratcheting up demands that retirees reimburse them for benefit overpayments, and a lack of government guidance has pushed those efforts even further, advocates for pensioners told Bloomberg BNA.

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Supreme Court Decision in Tibble a Victory for 401(k) Participants

News Release

WASHINGTON – On May 18, the U.S. Supreme Court ruled in favor of employees in Tibble v. Edison International, a class-action lawsuit filed by participants in the power company’s 401(k) plan.

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As Church Plan Debate Hits Next Level, 3rd Cir. Receives Competing Amicus Briefs

News Item

More than two years into a litigation effort challenging the way large hospitals run their pension plans, all eyes are on the U.S. Court of Appeals for the Third Circuit, which recently received a flood of amicus briefs arguing both sides of the debate.

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Supreme Court decision should help lower 401(k) fees

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In a decision that should put further downward pressure on 401(k) fees, the Supreme Court ruled unanimously Monday that the trustees in charge of such plans have an ongoing duty to monitor plan investments.

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More GOP Senators Press DOL to Extend Fiduciary Comment Period

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Lawmakers on both sides of the aisle continue to pressure the Department of Labor to extend the comment period on its revised plan to amend the definition of fiduciary for retirement accounts.

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Lawmakers Ask DOL’s Perez to Extend Fiduciary Comment Period

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Lawmakers asked Labor Secretary Thomas Perez in two separate letters this week to extend by another 45 days the comment period on the Department’s redraft of its rule to amend the definition of fiduciary under the Employee Retirement Income Security Act.

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