Funded Status of U.S. Corporate Pension Plans Continues to Improve in May
Funded status improvement continues for fifth consecutive month, though in contrast to April, strong equity markets bolstered a decline in...
Tag: pension funding
Democrats Have Won the Power to Fix Union Pensions
A bipartisan compromise solution to end the multiemployer pension crisis is urgently required, sources agree, and one could finally be...
Union Pension Funding Advocate Urges Immediate Action
Beyond the ethical imperative to address the crisis facing many multiemployer pensions, today’s ultra-low interest rate environment presents an opportunity too good to pass up, one union pension...
2020 Brought Little Progress on Union Pension Funding Crisis
With so many other challenges and debates dominating the halls of the Capitol, it is hard to imagine the union pension funding crisis will be addressed during this...
Plaintiffs Clear Summary Judgement in CBIZ Litigation
A federal court has ruled that the University of Pittsburgh Medical Center’s lawsuit against CBIZ should not be dismissed as a matter of summary judgment.
2021 Pension Mortality Improvement Rates Published by IRS
IRS Notice 2019-67 specifies updated mortality improvement rates and static mortality tables to be used for defined benefit pension plans during 2021.
Former House Speaker Boehner and Rep. Crowley Talk Union Pension Crisis
The influential former lawmakers are using their combined bipartisan stature to advocate for progress on the union multiemployer pension funding...
Split House Committee Advances Stressed Union Pension Loan Program
Democrats on the House Ways and Means Committee were adamant the bill is a positive first step that can and should be built upon in a bipartisan manner.
Dow, DuPont and Corteva Sued for Allegedly Ducking Pension Obligations
According to plaintiffs in a new ERISA lawsuit, the pension plan in question was underfunded by nearly $6 billion dollars when its assets and liabilities were transferred to...
Congress Called (Again) to Get Serious About Union Pension Crisis
Apart from discussing the RESA legislation, witnesses and Senators at a Finance Committee meeting spoke about the pressing need to address severe funding shortfalls faced by some union...
Now Covering Fiduciary Matters, PBGC Mediation Pilot Made Permanent
The mediation program now includes fiduciary disputes; opposing parties entering into the mediation program are connected with “neutral, professional and independent” mediators.
New House Ways & Means Chair Introduces Multiemployer Pension Bill
Representative Richard Neal has introduced a bill with bipartisan backers that would take several steps towards solving the union multiemployer pension funding crisis.
Will Lame-Duck Session Deliver Solution to Multiemployer Pension Crisis?
A vote on solutions was supposed to take place by today, but the co-chairmen of the Joint Select Committee on the Solvency of Multiemployer Pension Plans say they...
Multiemployer Pension Funding a Big Challenge for PBGC, Wider Economy
Multiemployer pension plan insolvencies will obviously be harmful to the participants and beneficiaries of the plans in question, but the loss of the significant economic momentum provided by retirees spending...
Treasury Rates’ Slow Upward March Boosted Pension During April
Favorable equity market and interest rate forces resulted in a 2% increase in the average U.S. pension plan funded status during April.
10 Years Beyond Crisis, Pension Fund Allocations Have Shifted
The financial crisis resulted in severe declines in the funded status of most U.S. corporate pension funds resulting in almost universal pension deficits; companies’ various responses to the...
WTW Warns of Potential Credit Portfolio Impacts Based on Tax Reform
Adjustments made to the corporate tax rate, repatriation of offshore cash and interest rate deductibility all are likely to have immediate effects on the credit markets—and by extension,...
Joint Congressional Committee Seeks Adviser Input on PBGC Solvency
Under the Bipartisan Budget Act of 2018, the bicameral committee is charged with improving the solvency of multiemployer pension plans and the Pension Benefit Guarantee Corporation.