Union pensions

Sheet Metal Workers’ pension fund administrator to retire

Marc LeBlanc is retiring as fund administrator and general counsel of the $4 billion Sheet Metal Workers’ National Pension Fund, Fairfax, Va.

March 11, 2015 | 01:38 pm
Merchant Navy Ratings plan gets approval to require all employers to pay down deficit

Merchant Navy Ratings plan gets approval to require all employers to pay down deficit

Trustees of the Merchant Navy Ratings Pension Fund won approval from the High Court of Justice on Wednesday to introduce a new deficit contribution plan that requires all employers to pay...

February 25, 2015 | 02:01 pm

Pension cuts? All I worked "now was for nothing'

Pension cuts? All I worked "now was for nothing'

February 23, 2015

Society of Actuaries: Expect long-term increase to minimum required contributions

Minimum required contributions for private-sector defined benefit plans have dipped in recent years, but are poised to rise again in the long term, the Society of Actuaries said.

February 18, 2015 | 04:21 pm

IRS to seek input on multiemployer suspensions

The IRS will seek public input on how to handle benefit reductions now allowed for troubled multiemployer pension funds.

February 13, 2015 | 01:53 pm
Wilshire TUCS: 2014 marked 6th up year

Wilshire TUCS: 2014 marked 6th up year

Trusts in the Wilshire Trust Universe Comparison Service returned a median 1.7% in the fourth quarter and a median 6% for calendar 2014.

February 09, 2015 | 03:34 pm
Multiemployer plans untangle reforms

Multiemployer plans untangle reforms

Some multiemployer pension fund executives are trying to figure out whether to take advantage of a controversial new reform law that allows potential benefit cuts for participants and retirees....

February 09, 2015

InvestorForce universes gain 5% in 2014; corporate pension funds lead the way

InvestorForce Plan Universes funds had a median net return of 5% in 2014. The median return gross of fees was 5.4%.

February 04, 2015 | 11:58 am
DOL rule for plan funding notices applies to single-employer plans for first time

DOL rule for plan funding notices applies to single-employer plans for first time

Single-employer defined benefit plan sponsors covered by ERISA have new guidelines for annual funding notices in a final rule published Monday by the Department of Labor's Employee Benefits Security...

February 02, 2015 | 01:37 pm
 Plan funding notices to apply to single-employer plans for first time; final rule expected Feb. 2

Plan funding notices to apply to single-employer plans for first time; final rule expected Feb. 2

Single-employer defined benefit plan sponsors covered by ERISA will have new guidelines for annual funding notices when the Department of Labor's Employee Benefits Security Administration publishes a ...

January 30, 2015 | 05:17 pm
Multiemployer plans can cut benefits to stay solvent

Multiemployer plans can cut benefits to stay solvent

Trustees of distressed multiemployer pension funds got new tools to avert insolvency in a package of reforms approved by Congress in mid-December, including the right to reduce benefits for active...

December 22, 2014
Congress did the right thing to protect multiemployer plans

Congress did the right thing to protect multiemployer plans

Congress made the right decision to allow severely financially distressed multiemployer pension plans to cut retiree benefits.

December 22, 2014
Senate follows House in passing bill allowing relief for multiemployer plans

Senate follows House in passing bill allowing relief for multiemployer plans

Struggling multiemployer pension funds will be able to reduce retiree benefits under legislation that received final Senate approval Saturday as part of a congressional spending package already...

December 15, 2014 | 10:29 am
House passes multiemployer pension reform

House passes multiemployer pension reform

The House approved late Thursday a package of reforms available to struggling multiemployer pension funds, as part of a congressional spending deal that the Senate must vote on by Saturday.

December 12, 2014 | 11:36 am
Proposed Congress spending bill allows some multiemployer plans to cut retiree benefits

Proposed Congress spending bill allows some multiemployer plans to cut retiree benefits

Controversial reforms for multiemployer pension funds will be part of a congressional spending deal set for a final vote Thursday.

December 10, 2014 | 12:09 pm