Sunday Aug 17
New federal pension law delays higher employer contributions until 2018
Employers can reduce their contributions to employee pension plans this year thanks to a new federal law allowing them to assume higher interest rates in valuing the size of their defined benefit plan liabilities.
Pension Smoothing Extended Without Premium Hike
On July 31, 2014, the Senate joined the House in passing legislation extending available interest rate "smoothing" options for funding defined benefit pension plans.
Are You Selling Or Downsizing a U.S. Business? Plant Closing Liability Relief May Be Coming
A long overlooked and long unenforced provision of ERISA sometimes referred to as the "plant closing rule" has caused a stir in recent years as the U.S. Pension Benefit Guaranty Corporation began aggressively pursuing defined benefit plan sponsors to enforce it.
PBGC Coverage May No Longer Apply to Puerto Rico-Only Qualified Retirement Plans
Employers that sponsor defined benefit qualified retirement plans benefiting only Puerto Rico employees should be aware that Pension Benefit Guaranty Corporation coverage may no longer apply.
Pensions & Investments
Keeping the PBGC from being the next bailout recipient
A series of recently issued reports have addressed various governance and financial challenges facing the Pension Benefit Guaranty Corp. The takeaway from all of them is that unless changes are made in the way the federal pension insurance system is governed and financed, there is a heightened risk that taxpayers will be called upon to bail out the ... (more)