ERISA

Generally speaking, many employers do not think about ERISA when it comes to severance, whether at the front end, when employment agreements or policies are negotiated and planned, or at the back end, when termination occurs and the severance is paid.

The new penalties for the Employee Retirement Income Security Act are set to climb next month.

‘Favoring’ individual employees is permitted in some cases, but seldom recommended, says HUB’s Dennis Fiszer.

‘Favoring’ individual employees is permitted in some cases, but seldom recommended, says HUB’s Dennis Fiszer.

The new rules were developed in consultation with the SEC, the Labor secretary adds.

Now that the sharply contested rule is the law of the land, a senior Labor Department official says the department looks to help with compliance, not find targets to sue.

Now that the sharply contested rule is the law of the land, a senior DoL official says the department looks to help with compliance, not find targets to sue.

A Massachusetts district court recently ruled that two affiliated private equity funds were liable for the unfunded vested benefits owed to a multiemployer pension fund by its bankrupt portfolio company.

With reporting requirements soaring, brokers are turning to their own regulatory division to help clients, says Richard Asensio, director of compliance at Burnham Benefits.

Pension plans and welfare plan all store personal data on each participant and beneficiary, ranging from social security numbers and addresses to date of birth and health information. The more immediate and available personal data becomes, the greater the risk for a potential breach or unauthorized disclosure or access, as is evident from the cyber attacks on major retail operations, health care providers and the government.