Union pension plans

News and video about Union pension plans from Pensions & Investments.

  1. Advocates push for more multiemployer reform

    trueMultiemployer pension reform advocates continue to pursue what they consider a critical missing piece in new legislation: a regulatory green light to do more alternative plan designs.

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  1. PBGC study: Multiemployer benefit cuts will be deeper

    trueMore than half of multiemployer plan participants will have their benefits reduced if their plans become insolvent and rely on government guarantees in the near future, said a study released Wednesday by the Pension Benefit Guaranty Corp.

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  2. Sheet Metal Workers' pension fund administrator to retire

    trueMarc LeBlanc is retiring as fund administrator and general counsel of the $4 billion Sheet Metal Workers’ National Pension Fund, Fairfax, Va.

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  3. Merchant Navy Ratings plan gets approval to require all employers to pay down deficit

    trueTrustees of the Merchant Navy Ratings Pension Fund won approval from the High Court of Justice on Wednesday to introduce a new deficit contribution plan that requires all employers to pay contributions to deal with a more than £300 million ($462.8 million) deficit.

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  4. Pension cuts? All I worked "now was for nothing'

    truePension cuts? All I worked "now was for nothing'

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  5. Society of Actuaries: Expect long-term increase to minimum required contributions

    trueMinimum required contributions for private-sector defined benefit plans have dipped in recent years, but are poised to rise again in the long term, the Society of Actuaries said.

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  6. IRS to seek input on multiemployer suspensions

    trueThe IRS will seek public input on how to handle benefit reductions now allowed for troubled multiemployer pension funds.

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  7. Wilshire TUCS: 2014 marked 6th up year

    trueTrusts in the Wilshire Trust Universe Comparison Service returned a median 1.7% in the fourth quarter and a median 6% for calendar 2014.

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  8. Multiemployer plans untangle reforms

    trueSome multiemployer pension fund executives are trying to figure out whether to take advantage of a controversial new reform law that allows potential benefit cuts for participants and retirees. Others are hoping for further reforms to allow for alternative plan designs.

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  9. InvestorForce universes gain 5% in 2014; corporate pension funds lead the way

    trueInvestorForce Plan Universes funds had a median net return of 5% in 2014. The median return gross of fees was 5.4%.

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  10. DOL rule for plan funding notices applies to single-employer plans for first time

    trueSingle-employer defined benefit plan sponsors covered by ERISA have new guidelines for annual funding notices in a final rule published Monday by the Department of Labor's Employee Benefits Security Administration.

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  11. Plan funding notices to apply to single-employer plans for first time; final rule expected Feb. 2

    trueSingle-employer defined benefit plan sponsors covered by ERISA will have new guidelines for annual funding notices when the Department of Labor's Employee Benefits Security Administration publishes a final rule Feb. 2.

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  12. Congress did the right thing to protect multiemployer plans

    trueCongress made the right decision to allow severely financially distressed multiemployer pension plans to cut retiree benefits.

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  13. Multiemployer plans can cut benefits to stay solvent

    trueTrustees of distressed multiemployer pension funds got new tools to avert insolvency in a package of reforms approved by Congress in mid-December, including the right to reduce benefits for active workers and retirees in deeply underfunded plans.

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