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USA - March 28 2013
The Supreme Court's 2011 CIGNA v. Amara decision suggested that an employer's pension plan could be rewritten to remedy the employer's failure to…
USA - January 29 2013
In Sun Capital Partners III, LP v. New England Teamsters and Trucking Industry Pension Fund, a U.S. district court in Massachusetts held that…
USA - November 30 2012
In McCorkle v. Bank of America Corp., decided on July 25, 2012, the U.S. Court of Appeals for the Fourth Circuit affirmed the district court’s dismissal of claims that a cash balance pension plan sponsored by Bank of America (the “Plan”) violated the requirements for defining normal retirement age and the benefit accrual and disclosure rules under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”).
USA - June 29 2012
Earlier this year, the Treasury Department issued proposed rules and two revenue rulings intended to encourage employers to incorporate more “lifetime income” distribution options into their retirement plans.
USA - April 23 2012
On February 14, 2012, the Departments of Health and Human Services, Labor and the Treasury issued final regulations regarding the summary of benefits and coverage disclosure requirement imposed by the Patient Protection and Affordable Care Act.
