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Catholic health system pension plan ruled subject to ERISA

By: Erica Teichert | Modern Healthcare

Published July 27, 2016 - 9:51am CST

A federal appeals court determined on Tuesday that Dignity Health’s employee pension plan must comply with federal protections for workers despite the system’s faith-based background.

Health systems ask Supreme Court to rule on pension plans

By: Lisa Schencker, Modern Healthcare

Published July 26, 2016 - 9:33am CST

Two health systems want the U.S. Supreme Court to weigh in on whether their pension plans should be exempt from certain federal protections for workers.

Retirement security at top of wish lists for next president

By: Hazel Bradford, Pensions & Investments

Published July 25, 2016 - 9:20am CST

Whether Hillary Clinton or Donald Trump wins, retirement issues should be on the president's desk.

New York Life sued by employees claiming excessive 401(k) fees

By: Greg Iacurci, InvestmentNews

Published July 21, 2016 - 4:14pm CST

Suits question inclusion of an S&P 500 index fund owned and operated by the insurer in its retirement plans.

Medicaid expansion in holdout states would insure millions

By: Jerry Geisel

Published July 19, 2016 - 3:33pm CST

If the remaining 19 states that have not expanded Medicaid do so next year, millions of uninsured individuals would gain coverage, according to an analysis released Tuesday.

GM can offset workers comp benefits with Social Security disability

By: Donna Mahoney

Published July 18, 2016 - 3:09pm CST

GM and the UAW agreed the automaker can use disability pension benefits to reduce workers comp benefits for all workers.

Q&A: Julio A. Portalatin, Mercer L.L.C.

Published July 17, 2016 - 12:01am CST

Federal lawmakers over the past few years have repeatedly raised premiums employers with pension plans pay the Pension Benefit Guaranty Corp. Julio A. Portalatin, president and CEO of Mercer L.L.C. in New York, discusses what's driving those premium hikes and the negative consequences of escalating premiums in an interview with Business Insurance Editor-at-Large Jerry Geisel. Edited excerpts...

Bill would take PBGC premiums 'off budget'

By: Jerry Geisel

Published July 15, 2016 - 11:58am CST

Legislation would end a widely reviled “gimmick” of increasing the premiums employers pay to the Pension Benefit Guaranty Corp.

Berkshire Hathaway pension freeze suit can continue

By: Jerry Geisel

Published July 15, 2016 - 9:03am CST

Employees of a company bought by Berkshire Hathaway can sue Berkshire on the grounds that it violated ERISA law, a court says.

Employment-based health coverage remains steady

By: Jerry Geisel

Published July 13, 2016 - 1:39pm CST

Contrary to early predictions, the percentage of employees with health care coverage remained steady after the ACA took effect.

Delta pilots case against PBGC advances

By: Hazel Bradford, Pensions & Investments

Published July 13, 2016 - 9:19am CST

A lawsuit brought by former Delta Air Lines pilots against the Pension Benefit Guaranty Corp. can move forward, a federal court has ruled.

Dark days seen for multiemployer pension plans

By: Jerry Geisel

Published July 13, 2016 - 12:01am CST

Moody's report shows many plans are grossly underfunded with no relief in sight.

Manitoba adds its support to expansion of Canada Pension Plan

By: Rick Baert, Pensions & Investments

Published July 11, 2016 - 10:02am CST

Manitoba on Thursday agreed in principle to the expansion of the CA$278.9 billion ($214.4 billion) Canada Pension Plan, Ottawa.

WellCare, Centene make offers for Aetna assets: Sources

By: Thomson Reuters

Published July 11, 2016 - 9:53am CST

The firms have made competing offers for the Medicare Advantage plans that Aetna looks to shed in its acquisition of Humana.

Pension plan funding slumps in June

By: Jerry Geisel

Published July 08, 2016 - 12:34pm CST

Hammered by a fall in interest rates, which boosted the value of plan liabilities, the funded status of very large pension plans sponsored by public companies slumped in June, according to a Milliman Inc. survey released Friday.

DOL clarifies insurer status under fiduciary responsibility rule

By: Mark Schoeff Jr., Investment News

Published July 08, 2016 - 10:23am CST

The Labor Department has clarified that insurance firms can qualify for an exemption provided in a regulation that raises investment advice standards for retirement accounts.

Fujitsu U.S. subsidiary, 401(k) plan sued over high fees

By: Robert Steyer, Pensions & Investments

Published July 07, 2016 - 10:26am CST

Current and former members of a Fujitsu Ltd. 401(k) plan have sued plan executives and Fujitsu’s American subsidiary alleging the plan violated its ERISA duties by paying high fees for investment options.

Employee benefits business finds new home with CBIZ

By: Joyce Famakinwa

Published July 06, 2016 - 2:23pm CST

CBIZ Inc. has acquired the assets related to the employee benefits consulting business of Ed Jacobs & Associates Inc.

Retirement plan sponsors fret over investment woes, compliance

By: Jerry Geisel

Published July 06, 2016 - 11:59am CST

Investment volatility, benefit costs and regulatory compliance issues are the top concerns of retirement plan sponsors, according to a Willis Towers Watson P.L.C. survey released Wednesday.

Political shockwaves hit pension plan funding

By: Jerry Geisel

Published July 06, 2016 - 10:10am CST

The funded status of pension plans sponsored by large employers fell in June following the Brexit vote, Mercer says.

Investment adviser's employees sue over excessive 401(k) fees

By: Greg Iacurci, Investment News

Published July 06, 2016 - 9:25am CST

Employees of American Century Cos. say the firm's 401(k) plan management was “tainted by self-interest.”

Wellness strategies drive concrete benefits

Published July 03, 2016 - 12:00am CST

Philia Swam has been the driving force behind programs that help keep LafargeHolcim's U.S. workforce healthy.

For retirees, a move to private health exchanges with cash to cover the shift

By: Jerry Geisel

Published July 03, 2016 - 12:01am CST

One of the biggest benefits trends in recent years has been employers dropping retiree health coverage and moving retirees to private exchanges.

Public employees paying more into pensions

By: Thomson Reuters

Published June 30, 2016 - 9:52am CST

(Reuters) — After years of steady inflows, the rate for retirement contributions by public pension employees has increased and is expected to continue rising, an effect difficult to produce but helped along by the impact of regulatory reforms, analysts say.

Retirement plan administrator settles 401(k) suit with own employees

By: Greg Iacurci, InvestmentNews

Published June 30, 2016 - 9:39am CST

Transamerica Corp. has agreed to settle an excessive-fee lawsuit with participants in its own 401(k) plan for $3.8 million.

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