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Liberty Mutual employees score victory in pension fight

By: Shelby Livingston

Published May 26, 2016 - 12:01pm CST

An appeals court handed a victory to several Liberty Mutual Insurance Co. employees ruling they could pursue claims against the insurer.

Defined benefit pension woes hinders sale of steel manufacturer

By: Thomson Reuters

Published May 26, 2016 - 8:46am CST

(Reuters) — Britain's government said on Thursday it had started discussions on overhauling the deficit-laden British Steel Pension Scheme, a major stumbling block for potential buyers of Tata Steel Ltd.'s U.K. assets.

Hospital agrees to funnel millions into pension plan to settle litigation

By: Lisa Schencker, Modern Healthcare

Published May 25, 2016 - 4:39pm CST

Another hospital has agreed to settle for $107 million in what's become a growing list of cases over whether faith-based health systems have to follow federal rules meant to protect employee pensions.

Senate votes to block fiduciary rule enforcement

By: Jerry Geisel

Published May 25, 2016 - 9:11am CST

Following the lead of the House of Representatives, the Senate approved legislation to block enforcement of final U.S. Labor Department pension plan fiduciary rules on a largely party-line 56-41 vote Tuesday.

Supreme Court kicks Verizon pension derisking back to lower court

By: Jerry Geisel

Published May 23, 2016 - 5:12pm CST

Federal appeals court asked to review its earlier decision upholding the 2012 transfer of about $7.5 billion in benefit obligations to Prudential.

Arizona referendum repeals benefit hike for public safety plan participants

By: Meaghan Kilroy, Pensions & Investments

Published May 23, 2016 - 9:36am CST

Arizona voters overwhelmingly passed a referendum to modify pension benefits for existing participants in the $8 billion Arizona Public Safety Personnel Retirement System, Phoenix.

2016 Women to Watch nominations open

Published May 22, 2016 - 12:01am CST

Help Business Insurance acknowledge 25 women leaders doing exceptional work in commercial insurance, reinsurance, risk management, employee benefits, and related fields such as law and consulting.

Clinton proposal would expand Medicare

By: Jerry Geisel

Published May 22, 2016 - 12:01am CST

Presidential candidate offers few details of "buy-in" plan for younger retirees, leaving employers up in the air.

Teamsters' multiemployer pension fund looks to Congress for help

By: Jerry Geisel

Published May 20, 2016 - 9:36am CST

Severely underfunded plan seeking government aid, directly or through the Pension Benefit Guaranty Corp., to stave off collapse.

It's back to the drawing board for multiemployer pension reform

By: Hazel Bradford, Pensions & Investments

Published May 16, 2016 - 2:37pm CST

A new multiemployer pension reform law has left pension fund officials uncertain about their options.

Tardy employers to face spike in PBGC penalties

By: Jerry Geisel

Published May 16, 2016 - 12:01pm CST

Employers that are late filing required forms and notices to the Pension Benefit Guaranty Corp. will face sharply higher maximum financial penalties, the agency disclosed.

Aon completes $1.3 billion buy-in deal for its U.K. pension plan

By: Jerry Geisel

Published May 12, 2016 - 2:45pm CST

Pension Insurance Corp. will assume liabilities for Aon's pension plan for U.K. employees and retirees.

Insurance group likely to be first to file DOL fiduciary lawsuit

By: Mark Schoeff Jr., InvestmentNews

Published May 12, 2016 - 9:24am CST

Financial industry associations may be off to the races on lawsuits against the recent Labor Department investment advice rule.

Tennessee Valley Authority OKs partial freeze of cash balance plan

By: Rob Kozlowski, Pensions & Investments

Published May 12, 2016 - 9:04am CST

The board of the Tennessee Valley Authority Retirement System, Knoxville, approved a compromise proposal from the TVA staff and its board of directors that would partially freeze its cash balance pension fund and move some current employees to the 401(k) plan effective Oct. 1, a TVA spokesman said.

And the 2016 Benefit Manager of the Year is …

Published May 11, 2016 - 2:49pm CST

Philia Swam, manager of health, wellness and group benefits at LafargeHolcim U.S., is Business Insurance's 2016 Benefit Manager of the Year.

Employers considering new retiree health coverage approaches

By: Jerry Geisel

Published May 11, 2016 - 2:05pm CST

Employers, increasingly unable to afford the coverage, have stopped providing health care plans to their retired workers.

Treasury's multiemployer pension decision may be delaying the inevitable

By: Shelby Livingston

Published May 11, 2016 - 9:51am CST

Treasury's decision to reject benefit cuts for Teamsters’ Central States Pension Fund members could lead to more severe cuts.

Pension plan funding dips in April

By: Jerry Geisel

Published May 09, 2016 - 2:44pm CST

Large pension plans sponsored by public companies were hit by sliding interest rates, which boosted plan liabilities, Milliman says.

Treasury denies Central States' bid to cut pension benefits

By: Shelby Livingston

Published May 06, 2016 - 2:55pm CST

The denial is viewed as a major victory for hundreds of thousands of multiemployer pension plan participants.

Falling discount rates put pressure on biggest pensions in April

By: Shelby Livingston

Published May 04, 2016 - 4:48pm CST

A decrease in discount rates caused pension plan funding levels among large employers to dip in April, according to a report released Wednesday by Mercer L.L.C.

COLA clashes in spotlight as public plans, participants tussle

By: Robert Steyer, Pensions & Investments

Published May 02, 2016 - 1:12pm CST

Through legislation and regulation, public pension plans are reforming their cost-of-living-adjustment rules.

Kroger, UPS sue over Central States reduction plan

By: Hazel Bradford and Rob Kozlowski, Pensions & Investments

Published May 02, 2016 - 12:27pm CST

A plan to cut benefits to members of the Teamsters Central States, Southeast & Southwest Areas Pension Fund is facing challenges.

401(k) plan balances move little in first quarter

By: Jerry Geisel

Published April 29, 2016 - 11:52am CST

Employees' 401(k) plan account balances dipped slightly at the end of the first quarter of 2016, Fidelity Investments said.

UPS claims proposed Central States benefit reductions illegal

By: Rob Kozlowski, Pensions & Investments

Published April 29, 2016 - 11:30am CST

United Parcel Service Inc., Atlanta, argued in an earnings presentation Thursday that the benefit reduction application by the Teamsters Central States, Southeast & Southwest Areas Pension Fund, Rosemont, Illinois, is not legal.

IRS sets 2017 HSA contribution limits

By: Jerry Geisel

Published April 28, 2016 - 2:33pm CST

Maximum contributions for health savings accounts in 2017 will increase $50 for individuals, but remain unchanged for families.

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