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Pension Rights Center Statement on Saint Peter's Healthcare System "Church Plan" Ruling from the IRS

News Release

WASHINGTON – Last week, Saint Peter's University Hospital employees and retirees were notified that the Internal Revenue Service had issued a Private Letter Ruling saying that their pension plan is a “church plan.” If allowed to stand, the ruling will mean that the pension plan will no longer be protected by ERISA (the Employee Retirement Income Security Act, the nation’s landmark pension law),

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

News Item

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.

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The Search For Missing 401(k) Money

News Item

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.

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Retirees Face Cuts in Pension Benefits

News Item

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

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Labor secretary's job might be new, but his plate is full

News Item

Thomas Perez, the new secretary of labor, will have little time to make an immediate imprint on retirement issues as he inherits the already packed regulatory agenda of the Employee Benefits Security Administration, including a controversial new fiduciary rule.

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Pension Advocates Raise Questions About IRS Rulings on Church Plan Status

News Item

In the months since the Internal Revenue Service lifted a moratorium in 2011 on issuing private letter rulings on church plans, IRS has issued at least 13 rulings granting church plan status, including one conferring church plan status on a defined benefit pension plan sponsored by a tax-exempt 501(c)(3) unincorporated religious organization that had been paying pension insurance premiums to th

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Teamsters pension plan stuck in crisis

News Item

The plight of the Teamsters’ Central States, Southeast & Southwest Pension Plan has been in the news lately and its prospects are not good.

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A deed well done: Pensions protected

News Item

Let me brag. The Pension Rights Center, where I serve on the board, has just helped participants in a so-called church plan achieve justice. The Pension Rights Center did not do this alone; former employees and retirees as well as the Internal Revenue Service and the Pension Benefit Guaranty Corporation (PBGC) played important roles.

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Do no harm: Protecting retirees in shaky pension plans

News Item

We've all heard the physician's Hippocratic oath: "First, do no harm." But there's a similar, less-well-known principle in the world of pensions: First, do no harm to retirees.

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Lost Defined Benefit Plans a Challenge For Those Nearing Retirement, Speakers Say

News Item

Pension specialists recommended June 4 that the Department of Labor’s Employee Benefits Security Administration develop a lost-plan registry to help individuals find retirement income when they have difficulty locating a former employer.

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