When the U.S. Supreme Court ruled a year ago in the case of Pegram v. Herdrich, it was immediately seen as a setback for patients seeking to sue their health insurance plans.
Global capital markets results for 2000 had a negative impact on pension plan financial performance and reduced plan funded levels by 10 to 15 percent in a number of major countries.
Phased retirement arrangements are evolving gradually as employers continue to tackle the challenges of a tight labor market, according to new research.
BETHESDA, MD, - Nearly one-third of the Fortune 100 now offer employees so-called hybrid pension plans, an increase from 22 hybrids for the same group in 1998. However, the number of firms among the Fortune 100 without a defined benefit plan at all has increased even more sharply over the same two-year period, according to a new study by Watson Wyatt Worldwide.
The shift to defined contribution pension plans from defined benefit plans has continued in recent years. In fact, the percentage of families in such pension plans has doubled in the last 6 years, from 38.8% to 64.3%.
Is your employee benefits plan on target? Or do you worry that perhaps, without intending to, you have included some violations in the plan? Well, the U.S. Department of Labor's Pension and Welfare Benefits Administration (PWBA) wants to help you "quickly and completely" correct some violations you may have regarding the Employee Retirement Income Security Act (ERISA).
The typical company realizes little, if any, pension cost savings when it shifts from a traditional pension to a cash balance or other hybrid plan design, according to a comprehensive new study by Watson Wyatt.
A growing number of major American companies are spending large amounts to shore up pension plans that have deteriorated, sometimes drastically, in recent years, The New York Times reports.
