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Motorola Solutions Inc. will shift about $3.1 billion in pension obligations to around 30,000 retirees in its frozen defined benefit plan to Prudential Insurance Co. at the start of 2015. The risk transfer becomes the third-largest of its kind, after similar moves in recent years by General Motors Co. and Verizon Communications Inc. At the […]
An employer-sponsored health plan was entitled to full recovery of more than $131,700 in funds, plus more than $149,000 in attorney’s fees, after it came to light that a plan participant and her attorneys tried to con the plan by lying about the size of a third-party settlement, the 11th U.S. Circuit Court of Appeals […]
Pension plan sponsors that offer to “cash out or annuitize benefits” for former employees would have to report this to the U.S. Pension Benefit Guaranty Corp., the agency has proposed. In a routine information-collection change request to the Office of Management and Budget posted Sept. 23 (79 Fed. Reg. 56831), PBGC said it intends to […]
Being diagnosed with cancer can be a scary and stressful time in one’s life, but imagine being fired after you find out that you’ve been diagnosed with it!
I’ve been thinking a lot lately about the phrase “servant leadership.”
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The survey, sent to a random sample of SHRM members, had 510 respondents, which was a 13% response rate.
As the transition period for amending business associate agreements draws to a close, HIPAA experts have highlighted some issues for plan sponsors to keep in mind. Under last year’s HIPAA/HITECH omnibus rules, all contracts with business associates must be compliant with the rules by Sept. 22. Obviously, group health plans and other HIPAA-covered entities that […]
The survey, sent to a random sample of SHRM members, had 510 respondents, which was a 13% response rate. SHRM released the survey at its Annual Conference and Exposition, held recently in Orlando.
One of the most sensitive — and often misunderstood — aspects of being an executive of a company with a retirement plan is knowing when senior leaders are fiduciaries for the plan. A recent federal case added some clarity when it determined that a chief executive with signature authority over the company’s finances was indeed […]