Washington

Retirement plan reform taking center stage in the military

Retirement plan reform taking center stage in the military

A major revamping of the military retirement system could finally become a reality as the Pentagon comes under increasing pressure to save money and attract new recruits.

February 09, 2015
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
PBGC gains additional pension funding for Safeway plan

PBGC gains additional pension funding for Safeway plan

Safeway Inc. will contribute an additional $212 million to its largest pension plan in a settlement with the Pension Benefit Guaranty Corp., the agency announced Friday.

February 06, 2015 | 03:50 pm

FSOC moves toward more transparency

The Financial Stability Oversight Council agreed Wednesday to bring more transparency to its process for determining whether non-bank financial institutions are systemically important to the...

February 05, 2015 | 02:59 pm

PBGC assumes Hovensa pension plan

The Pension Benefit Guaranty Corp. is assuming the defined benefit plan of Hovensa LLC, which is headquartered on St. Croix in the U.S. Virgin Islands and also owns a former oil refinery and an oil...

February 04, 2015 | 06:10 pm
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
President Obama proposes more retirement plan access, cap on tax savings

President Obama proposes more retirement plan access, cap on tax savings

President Barack Obama's fiscal year 2016 budget proposal released Monday calls for expanding access to retirement savings in the workplace while capping the tax-favored accumulation of all private...

February 02, 2015 | 04:27 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
2 multiple employer plan bills introduced

2 multiple employer plan bills introduced

Multiple employer plans could be a more viable option for smaller employers and service providers under bipartisan legislation introduced Thursday in the House and Senate.

January 29, 2015 | 05:03 pm
Military pension reform panel calls for DC plan option; mandatory for new entrants

Military pension reform panel calls for DC plan option; mandatory for new entrants

The Department of Defense could save billions of dollars and improve military recruitment and retention by adding a defined contribution retirement plan, an advisory group said Thursday.

January 29, 2015 | 01:35 pm

PBGC seeks special services investment manager for terminated plan assets

The Pension Benefit Guaranty Corp. is looking for a special situations investment manager for its trust fund.

January 29, 2015 | 02:48 pm

Federal funds rate likely to stay low ‘for some time’

The Federal Open Market Committee repeated Wednesday that “it can be patient in beginning to normalize” monetary policy, but members declined to predict when they might be ready to raise...

January 28, 2015 | 03:29 pm
DOL feeling heat on QPAM exemptions

DOL feeling heat on QPAM exemptions

The Department of Labor is under increasing pressure to get tough on money managers with U.S. retirement plan clients when their firm, or an affiliate, gets into legal trouble.

January 26, 2015
Obama tax proposals may be DOA

Obama tax proposals may be DOA

President Barack Obama's State of the Union speech Jan. 20 mentioned only broadly his vision for helping middle-class workers save more for retirement, but he's poised to submit proposals to Congress ...

January 26, 2015
Fiduciary breach issue gets Supreme Court hearing

Fiduciary breach issue gets Supreme Court hearing

The U.S. Supreme Court is scheduled to hear arguments next month in an ERISA case that could greatly expand guidelines for defined contribution plan executives' fiduciary responsibilities.

January 26, 2015