Tag: Defined benefit

The health system agreed to pay more than $350 million to settle a lawsuit challenging its pension plan's church plan status under ERISA.

This is a friendly reminder that 2017 PLANSPONSOR Retirement Plan Sponsor of the Year nomination forms are still available. Don't wait to nominate—time is running out! 

Based on the Society of Actuaries' preliminary estimates, the new scale may reduce pension plan clients' current liabilities by 1.5% to 2%, depending on the individual characteristics of...

The updated page also includes a link to scheduled increases for years after 2017.

These are a type of DB plan where the accrued benefit is tied to market performance.

The case had been remanded back to the appellate court after the Supreme Court's decision in Spokeo, Inc.v. Robins.

The company expects the actions will reduce the overall size of its pension obligations by approximately $1.77 billion.

An analysis suggests discount rates are likely not the driving force behind different funding levels, despite the general belief lower discount rates produce greater liabilities.

A traditional 60/40 portfolio is up more than 7% so far this year, while a conservative 20/80 portfolio remains up almost 10% through the first three quarters of...

Plan sponsors need help assessing several factors before deciding whether to purchase an annuity buyout for their DB plans.

The high court has granted a stay on a lower court's mandate for Dignity Health to get its pension plan in compliance with ERISA.

However, only 24% of workers are covered by a pension.

A UPMC hospital system subsidiary in Altoona, Pennsylvania, filed a lawsuit claiming plan service provider CBIZ Benefits & Insurance Services made costly actuarial errors in projecting pension liabilities.

Under the final rule, penalty rates and caps are both cut in half.

The relief is available for plan years beginning before 2018, if certain conditions are satisfied.

There’s a large opportunity for advisers in the DB plan market.

The rule is intended to facilitate the payment of benefits partly in the form of an annuity and partly as a single sum.

Governance Leaders are focusing on pursuing new investment strategies, prioritizing risk management capabilities, hiring more risk talent and expanding internal investment capabilities, enhancing their board’s effectiveness, and improving...

A new whitepaper from Transamerica explores strategies for maximizing control and transparency in key pension plan processes. 

The updated tables apply for purposes of calculating the funding target and other items for valuation dates occurring during calendar year 2017.