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Switch to 'church plan' pension status at Saint Peter's University Hospital stirs concerns

News Item

Larry Kaplan is feeling anxious, and he’s not alone.Ten years ago, Kaplan retired from his position as a manager for nutrition services at Saint Peter’s University Hospital, and he now lives in Toms River with his wife, Gloria.

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American Airlines pension default Q&A

News Item

American Airlines is heading toward the largest default of a defined-benefit pension plan in U.S. history.

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Lost Pension Plan Registries in the U.K. and Australia

Publication

In the United States, many retirees face great difficulties in locating their former employers in order to apply for a pension to which they are entitled. At the same time, pension plans have trouble locating prospective pensioners with whom they have lost contact.

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Workers fight switch to church pension plans

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The Employee Retirement Income Security Act, known as ERISA, regulates most private-sector pensions. But it has always exempted plans operated directly by churches for their clergy and employees to make it easier for the churches to operate their plans.

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N.J. workers at religious institutions fear change threatens pensions

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Tens of thousands of current and former employees at scores of religiously affiliated institutions across the country face the same fear, as nonprofits increasingly seek refuge in "church" pension plans to escape onerous financial obligations, according to Eric Loi, an attorney at the Washington D.C.-based Pension Rights Center.

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Some church-linked pension funds drop ERISA coverage

News Item

Legal exemptions that allow church-affiliated organizations to sidestep ERISA protections for their defined benefit pension plans increasingly are being used for less-than-holy purposes...[NOTE:  A slightly different version of this article appears in Business Insurance.]

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Persistence pays off in finding a lost pension

News Item

With his 65th birthday approaching, Richard Zimmerer started making phone calls about a pension from a job he held until his mid-40s.

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Tax Reform Will Shape Pension Agenda; Significant Regulations Expected in 2012

News Item

Congress will pass no major retirement plan legislation in 2012, but the tax treatment of employment-based retirement benefits almost certainly will be part of any tax code overhaul in 2013—for which ideas and positions will become cemented in 2012— according to practitioners interviewed by BNA.

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AMR Bankruptcy Upends (Family) Financial Planning

News Item

The recent bankruptcy filing by American Airlines' parent, AMR Corp., cast clouds over the best-laid financial plans of many of the carrier's employees. Among the issues up in the air: pensions, benefits and job security.

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[UPDATED] American Airlines’ bankruptcy – what does it mean for its pensions?

Blog entry

No doubt you’ve heard that American Airlines has filed for bankruptcy. The airline has four underfunded pension plans, and their fate is the source of much speculation. Despite meetings the company has held with employees to discuss their pensions, workers remain concerned.

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