By Brydon M. DeWitt The Supreme Court of the
United States recently clarified the relief available to plan
participants and beneficiaries for inaccurate plan descriptions.
Although it confirmed that plan documents control over conflicting plan
descriptions, the Court also held that a participant...
David Pratt on Hybrid Pension Plan Final
On October 19, 2010, Treasury and IRS issued final
regulations on hybrid retirement plans. The regulations provide guidance on the
changes made by the Pension Protection Act of 2006 (PPA), as amended by the
Worker, Retiree, and Employer Recovery...
By Debra Brubaker
Candidate 2012, University of California, Hastings College of the Law; Doctor
of Philosophy, University of Minnesota.
Excerpt from Too Big to Fail and Too Big to Pay: States,
Their Public-Pension Bills, and the Constitution , 39 Hastings Const. L.Q.
By Gavin Reinke*
* Candidate for Doctor
of Jurisprudence, May 2012, Vanderbilt University Law School.
Excerpt from When a
Promise Isn't a Promise: Public Employers' Ability to Alter Pension Plans of
Retired Employees, 64 Vand. L. Rev. 1673 (October 2011)
The economic downturn...
economic downturn has impacted state and local government revenues, and the
costs associated with maintaining defined benefit pension plans and unfunded
liabilities are on the rise. Legislation has been drafted to address perceived
problems with state and local public pensions to require them to...
Do ERISA and the IRC prohibit enforcement of a money judgment against a defined contribution plan? In this Analysis, Barry L. Salkin of Olshan Grundman Frome Rosenzweig & Wolosky LLP addresses this and the other issues. He writes:
SUMMARY : A defined contribution plan beneficiary sued under ERISA...
Pension and postretirement benefits represent a significant
cost to employers. The Financial Accounting Standards Board has specified that
postretirement benefits are a form of deferred compensation. FASB concluded
that the obligation to provide postretirement benefits is incurred as the