June 2015 Archive

May 2015 Pension Finance Update

June 04, 2015

Pension sponsors enjoyed another strong month in May, due largely to higher interest rates reducing pension liabilities. Both model plans we track saw improvements in funded status last month and both are now ‘in the black’ for 2015, with Plan A ahead almost 5%, and Plan B up 2%, since 12/31/2014. Download

Mandatory changes to French health care

June 04, 2015

Effective January 1, 2016, employers will become directly responsible for obtaining private sector insurance for their employees and paying at least 50% of the premiums. If you have employees in France, don't miss these mandatory changes. Read More

DOL re-proposes rules redefining ERISA ‘fiduciary’

June 01, 2015

On April 14, 2015, the Department of Labor released its long-awaited re-proposal of a regulation re-defining ‘fiduciary’ under ERISA. The proposal, if finalized, would significantly change what sorts of advice may be given, to whom and in what circumstances. It will probably have its greatest effect on brokers, mutual funds, and certain other financial services providers and on consultants and third party administrators. The proposal does not just cover 401(k) plans – it covers any employee benefit plan or IRA. Read More

Pension regulatory and legislative update – May 2015

June 01, 2015

In this Current outlook we review a number of recent developments: DOL's new rule providing a 2-month ‘cushion’ for the annual statement deadline; IRS's extension of its ‘closed plan’ relief to 2016; Congressional questioning about why the SEC is not more involved in the conflicted advice regulation project; the reintroduction of the SEAL Act, providing (among other things) rollover relief for loans distributed on termination of employment; the decision by the ERISA Advisory Council to re-study de-risking in 2015; and the Supreme Court's invitation to the Solicitor General to submit a brief with respect to RJR's request for a review of the Fourth Circuit's decision in Tatum v. R. J. Reynolds Tobacco Company. Read More

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