Archives: US retirement plans

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“Show Time!” for the US Labor Department’s Fiduciary Rule

It may be show time for the U.S. Department of Labor’s (DOL’s) Fiduciary Rule (the “Rule”), but don’t expect an elaborate production.  Think frustrated, reluctant actors on a bare stage with no lights or scenery implementing the previous Administration’s regulatory approach to protecting retirees and retirement savings from conflicted investment advice. After a long and … Continue Reading

U.S. Supreme Court rules in favor of ERISA exemption for church affiliated organizations

The U.S. Supreme Court has ruled in three cases that pension plans established by church affiliated organizations are “church plans” that are exempt from ERISA (the Employee Retirement Income Security Act of 1974).  The cases are Advocate Health Care Network v. Stapleton, U.S., 6/5/17; Saint Peter’s Healthcare Sys. v. Kaplan, U.S., No. 16-86, 6/5/17; and … Continue Reading

Retirement Issues and the 2014 Congressional Election: The More Things Change, the More They Stay the Same

While the scope of the Republican Party’s victories in the U.S. mid-term elections may have been surprising (at least to some), a leadership shake-up in the congressional committees with jurisdiction over the country’s public and private, employer-based retirement system was a foregone conclusion.  As further described in our 2014-mid-term Congressional elections analysis a number of key Congressional … Continue Reading

Major US pension buyouts announced

It looks like both Motorola and Bristol-Myers Squibb (BMS) will be transferring significant portions of their defined benefit pension plans liability to Prudential Insurance. Both buyouts were announced this week – and are expected to be completed in December. The Motorola plan buyout will be the third largest in the United States (following the 2012 … Continue Reading

401(k) plans – new rule on fiduciaries delayed (again)

The U.S. Department of Labor’s revised proposed rule for defining a fiduciary has been delayed … again. Most recently expected in August, the Labor Department is now predicting January 2015. And, the rule has a new name: The Conflict of Interest Rule for Investment Advice. As a refresher, the proposed rule would broaden the definition … Continue Reading
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