September 2016 Archive

Retirement policy agenda 2017: contributions

September 14, 2016

This is the second in our series of articles on the issues that, beginning in 2017, the new Administration and the new Congress may consider, if they choose to make retirement policy a priority. In this article we discuss contribution policy. Read More

District Court dismisses Chevron fee complaint

September 08, 2016

On August 29, 2016, the United States District Court for the Northern District of California dismissed plaintiffs’ complaint in White v. Chevron. The court rejected (among other things) plaintiffs’ argument that the plan’s fiduciaries’ inclusion in a 401(k) plan fund menu of “high-priced share classes of mutual funds, instead of identical lower-cost share classes of those same mutual funds” constituted a breach of ERISA’s prudence standard. In this article we discuss the court’s analysis and holding with respect that issue. Read More

Change to German Pensions, Action Required:

September 22, 2016

Out of five different pension funding vehicles in Germany, the insurance-based ways are most popular because they provide the opportunity to offer DC pension plans. Recently, the German Federal Labour Court (BAG) passed a consequential law regarding insurance-based solutions, according to § 2 par. 2 sentence 2 BetrAVG (German Company Pension Law), affecting all direct insurances. All German companies providing insured pension plans are obligated to take action! Read More

August 2016 Pension Finance Update

September 02, 2016

August was an uneventful month for pension finance. Both model pension plans we track saw basically no change in pension funded status during the month. Through August, Plan A remains down 6% for the year, and the more conservative Plan B remains down 1% Read More

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