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2 multiple employer plan bills introduced
trueMultiple employer plans could be a more viable option for smaller employers and service providers under bipartisan legislation introduced Thursday in the House and Senate.
Hatch lays out retirement savings agenda for Senate Finance Committee
trueTax reform that includes a broader base and lower rates, and new retirement savings incentives, will be top priorities of the Senate Finance Committee, incoming Chairman Orrin Hatch, R-Utah, said Tuesday at the U.S. Chamber of Commerce.
ERISA Industry Committee names new CEO
trueAnnette Guarisco Fildes was named CEO of the ERISA Industry Committee Monday.
Investors, companies to fight over who pays litigation fees
trueBattle lines are being drawn over last year's Delaware court ruling that lets companies shift legal fees to investors bringing lawsuits.
Ontario requiring all DB funds to disclose ESG data
trueA regulation enacted by the Ontario Parliament late last year will require trustees of all occupational defined benefit pension plans in the province to disclose whether environmental, social and governance factors are incorporated in the pension fund’s investment policies and procedures.
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.
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.
Senate follows House in passing bill allowing relief for multiemployer plans
trueStruggling multiemployer pension funds will be able to reduce retiree benefits under legislation that received final Senate approval Saturday as part of a congressional spending package already approved by the House.
Sen. Patty Murray to become ranking HELP Committee member
trueSen. Patty Murray, D-Wash., will become ranking member of the Senate Health, Education, Labor and Pensions Committee when the 114th Congress convenes in January.
House passes multiemployer pension reform
trueThe House approved late Thursday a package of reforms available to struggling multiemployer pension funds, as part of a congressional spending deal that the Senate must vote on by Saturday.
Proposed Congress spending bill allows some multiemployer plans to cut retiree benefits
trueControversial reforms for multiemployer pension funds will be part of a congressional spending deal set for a final vote Thursday.
Immediate multiemployer reforms urged
trueThe increasing risk that some multiemployer pension funds will be insolvent is putting pressure on lawmakers to enact some sweeping reforms in the final days of the 113th Congress before their scheduled adjournment Dec. 11.
House approves 529 plan model for savings accounts for disabled people
trueLegislation creating tax-free savings accounts for people with disabilities was approved by the House on Wednesday.
House votes to extend multiemployer pension provisions
trueMultiemployer pension provisions in the Pension Protection Act of 2006 set to expire Dec. 31 would gain another year in a tax extension passed by the House Wednesday.
FSOC process necessary, Dodd says
trueThe Financial Stability Oversight Council's mission to identify systemically important non-bank financial institutions is necessary, former Sen. Christopher J. Dodd said Tuesday at an event marking the fourth anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act.