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House Bill Promises Free Coronavirus Treatment, Pension Aid

05/12/2020 | Law360

House Democrats' $3 trillion proposal for the next coronavirus relief package, released Tuesday, promises free coronavirus treatment, aid to troubled pension plans and more benefits assistance to out-of-work Americans, including help with health insurance payments and access to enhanced unemployment benefits until January.


Pandemic Relief Could Risk Spousal Retirement Security

05/05/2020 | Chief Investment Officer

Retirement plan industry groups are requesting changes to regulations that would make it easier for employees and retirees to access their retirement savings during the COVID-19 pandemic. 


Multiemployer Plans Urgently Need Help to Avoid Catastrophe

04/28/2020 | Plan Sponsor

Many multiemployer plans were already on the brink of collapse before the market downturn caused by COVID-19 came in like a wrecking ball.


Estranged Couples to Fight Over Virus-Stung Retirement Funds

04/16/2020 | Bloomberg Law

The coronavirus pandemic could give estranged couples something else to fight over: shrinking retirement accounts stuck in a bureaucratic limbo between courts and plan administrators.


Unions Say Next Virus Relief Package Needs Pension Reform

04/15/2020 | Law360

Union pension funds — already ailing and facing the possibility of a faster demise in a strained economy — are pushing Congress to use the next round of coronavirus relief legislation to give them the help they need to avoid going belly up.


Pandemic Spurs Push for Easing Pension Change Consent Rules

04/09/2020 | Bloomberg Law

Business groups want to make it easier for pension holders facing pandemic-induced financial problems to take large lump sum withdrawals.


Companies hammered by coronavirus pandemic look to drop 401(k) matches

04/02/2020 | Fox Business via Yahoo Finance

A growing number of companies are reducing, or eliminating, the contributions they make to their employees’ 401(k) plans, trying to cut costs as the coronavirus pandemic wallops their profits and revenues. 


Companies slammed by coronavirus look to cut contributions to their employees' 401(k)s

04/01/2020 | USA Today

More corporations are looking to temporarily halt 401(k) contributions, trying to cut costs as the coronavirus crisis hits their revenue and profits, labor attorneys said.


Construction Company Workers Get Support in Stock Plan Appeal

03/31/2020 | Bloomberg Law

The Pension Rights Center waded into a dispute involving Choate Construction Co.'s employee stock ownership plan, urging the Fourth Circuit to revive the employees’ lawsuit and recognize the “special risks” these plans pose for workers.


Coronavirus May Disproportionately Hurt the Poor—And That's Bad for Everyone

03/11/2020 | TIME

As COVID-19 continues to spread across the United States—infecting at least 1,000 people in more than 35 states, as of Wednesday afternoon, experts are recommending that people avoid large crowds, stockpile shelf-stable foods in case they end up quarantined, and stay home from work and contact a doctor if they are ill. More...