Sixth Circuit Win for State Street Bank in $200 Million Chrysler “Top Hat Plan” Class Action
read more: Some 400 retired executives (including former chairman Lee Iacocca) were left with nothing in their accounts.Read More »
The Pension Benefit Guaranty Corp. needs to listen more to plan executives and participants instead of taking an adversarial approach, the agency’s participant and plan sponsor advocate said in a report issued Wednesday.
read more: “We need to listen and adjust more based on what we hear.”Read More »
Beware the Cromnibus! Could it possibly devour your pension?
read more: Is Your Pension at Risk?Read More »
read more: We call this a new low in fiscal irresponsibilityRead More »
Letting companies underfund pensions so they pay more taxes is a dumb idea, but it’s not a new one:
The Federal Highway Trust Fund is expected to run out of money in August.Read More »
Verizon has done it. General Motors has done it. And so have Ford and, recently, ketchup kingpin Heinz.
These brand-name companies have all moved part of their pension obligations off their books and into annuities run by insurance companies.Read More »
PBGC guidance on how agency officials enforce pension liability rules cannot come soon enough for some pension plan sponsors and their advocates.
PBGC officials are expected to release their guidance sometime this summer.Read More »