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IRS sets 2017 HSA contribution limits

By: Jerry Geisel

Published April 28, 2016 - 2:33pm CST

The maximum contributions that can be made to health savings accounts in 2017 will increase $50 for individuals, but remain unchanged for families.

Effort to block investment advice rules faces veto

By: Jerry Geisel

Published April 28, 2016 - 10:23am CST

President Barack Obama would veto legislation that would block enforcement of final Labor Department pension fiduciary rules, the White House says.

Striking Verizon workers soon to lose company health insurance coverage

By: Thomson Reuters

Published April 28, 2016 - 10:15am CST

A strike by nearly 40,000 Verizon Communications Inc. workers is in its third week with unions and the company still far apart on contract talks.

PBGC plan would halve fines for late premium payments

By: Jerry Geisel

Published April 27, 2016 - 2:09pm CST

Pension plan sponsors that are late in paying required annual Pension Benefit Guaranty Corp. premiums would pay much smaller penalties under a plan the agency proposed Wednesday

UK lawmakers looking into failed department store, impact on public pension insurance fund

By: Thomson Reuters

Published April 27, 2016 - 9:27am CST

(Reuters) — British lawmakers expect to question retail billionaire Philip Green in the course of an inquiry into failed department store chain BHS's pension liabilities after the firm was put into administration on Monday.

Kentucky Retirement Systems board ignores governor's order to remove chairman

By: Meaghan Kilroy, Pensions & Investments

Published April 25, 2016 - 9:23am CST

Kentucky Retirement Systems, Frankfort, conducted business as usual Thursday, with Chairman Thomas K. Elliott presiding over the regularly scheduled board meeting, despite earlier orders from Kentucky Gov. Matt Bevin that he be removed.

Investment advice rule heightens risk

By: Jerry Geisel

Published April 24, 2016 - 12:01am CST

A federal rule that puts retirement plan advisers at risk of civil penalties if they fail to consider customers' best interests also could put employers at risk should they or their providers offer suggestions on investments in the plans they sponsor.

PBGC legislation could cut toll on employers

By: Jerry Geisel

Published April 24, 2016 - 12:01am CST

Legislation that would end a widely reviled budget-balancing “gimmick” of increasing the premiums employers must pay to the Pension Benefit Guaranty Corp. faces a difficult but not insurmountable battle.

Legislation would limit use of PBGC premium hikes

By: Jerry Geisel

Published April 20, 2016 - 12:51pm CST

Pension plan sponsors have complained about increasing premiums they pay to the Pension Benefit Guaranty Corp.

Costco changes stance on pension; Teamsters recommend new contract

By: Thomson Reuters

Published April 20, 2016 - 9:50am CST

Unions representing 16,000 Costco workers believe a new contract offer would secure larger pension contributions for employees.

Multiemployer pension plans see funding drop in 2015 second half

By: Jerry Geisel

Published April 19, 2016 - 9:52am CST

The plans were hit by lower interest rates that boosted the value of plan liabilities and subpar investment results, Milliman says.

Funding slipped in March for biggest pension plans

By: Jerry Geisel

Published April 15, 2016 - 4:13pm CST

Hit by falling interest rates, which boosted plan liabilities, the funded status of very large pension plans sponsored by public companies slipped in March, according to a Milliman Inc. survey released Friday.

Legislation would discourage future PBGC premium hikes

By: Jerry Geisel

Published April 15, 2016 - 3:07pm CST

Bipartisan legislation introduced in the House of Representatives Friday would end what business groups describe as a budget “gimmick” that has led to large, unnecessary increases in premiums that employers pay the Pension Benefit Guaranty Corp.

Pensions watchdog drops plans for E.U.-wide capital regime

By: Thomson Reuters

Published April 14, 2016 - 10:32am CST

(Reuters) — The European Union’s pensions regulator on Thursday ditched plans for a bloc-wide capital regime for pension funds, proposing instead checks on funds to make sure they are robust enough to withstand low interest rates and people living longer.

Edison utility wins dismissal of lawsuit over 401(k) plan

By: Thomson Reuters

Published April 13, 2016 - 2:37pm CST

Edison International employees accused the company of favoring higher-cost mutual funds over lower-cost ones in its retirement plan.

Largest U.S. pension plans' funding steady: Analysis

By: Jerry Geisel

Published April 13, 2016 - 10:25am CST

Funding levels of the largest U.S. corporate pension plans held steady last year amid higher interest rates, Willis Towers Watson P.L.C. says.

Illinois pension funds to get $25 million from Goldman Sachs settlement

By: Meaghan Kilroy, Pensions & Investments

Published April 12, 2016 - 12:58pm CST

The payout is part of a $5.06 billion national settlement paid by Goldman Sachs Group Inc. over allegedly misrepresented mortgage-backed securities.

Kansas to delay state pension fund contribution

By: Meaghan Kilroy, Pensions & Investments

Published April 12, 2016 - 9:56am CST

A $92.6 million contribution to the Kansas Public Employees Retirement System will be pushed back to provide flexibility in the state budget.

Largest pension plans' funding near steady in 2015

By: Jerry Geisel

Published April 07, 2016 - 1:54pm CST

The funding levels of the largest pension plans sponsored by publicly held U.S. employers remained nearly steady in 2015 as higher interest rates, according to a Milliman Inc. survey.

U.S. weakens retirement advice rule, responding to industry

By: Thomson Reuters

Published April 07, 2016 - 11:24am CST

A new rule aimed at protecting retirement savers turned out to be much weaker than an initial proposal following pressure from the financial services industry.

Fixes for multiemployer pension plan woes rest on congressional action

By: Jerry Geisel

Published April 06, 2016 - 1:49pm CST

Lawmakers are fine-tuning legislation to authorize a new multiemployer pension plan design based on recommendations from a national group.

Final fiduciary rule exempts plan sponsor education

By: Hazel Bradford, Pensions & Investments

Published April 06, 2016 - 9:45am CST

A new "conflict of interest" standard will require people giving retirement investment advice to act in their client's best interests.

DOL slated to release fiduciary conflict-of-interest rule on April 6

By: Hazel Bradford, Pensions & Investments

Published April 01, 2016 - 2:15pm CST

The Department of Labor’s final conflict-of-interest rule is scheduled to be released April 6. While Department of Labor officials declined to comment, some critics are weighing in.

International Paper makes lump-sum offer

By: Rob Kozlowski, Pensions & Investments

Published April 01, 2016 - 12:55pm CST

The Memphis, Tennessee-based employer is offering payouts to vested retirement plan participants, according to public filings.

Fourth multiemployer plan applies to reduce benefits

By: Hazel Bradford, Pensions & Investments

Published April 01, 2016 - 9:48am CST

Road Carriers Local 707 Pension Fund, Hempstead, New York, has applied to the Treasury Department to reduce benefits for participants, including retirees.

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