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1691 Matching News Items |
| 1. |
401(k) Specialist
Jan. 29, 2026 "According to the allegations in the Complaint, Bloomberg failed to remove two funds from its Plan ... despite those funds suffering from poor investment performance for over a decade." [Rajappan v. Bloomberg L.P., No. 26-0785 (S.D.N.Y. complaint filed Jan. 29, 2026)] MORE >> |
| 2. |
Bloomberg; subscription required
Aug. 25, 2011
BNA, which publishes the Daily Labor Report and U.S. Law Week, will 'significantly grow Bloomberg's presence in Washington' and its research will contribute to coverage and analysis of employment, health care, labor, accounting, intellectual property and telecommunications, Bloomberg said.
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| 3. |
Bloomberg
Aug. 15, 2018
"There's one area where the traditional pension plan is getting new life -- as a tax dodge for wealthy business owners. Pensions, also known as defined-benefit plans, can be used by doctors, law partners and wealth managers to stash hundreds of thousands of dollars in income a year. By doing so, they'll get around the income limits Congress created to bar them from a generous new tax break for owners of pass-through entities, who report the firms' income on their individual tax returns."
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| 4. |
Pensions & Investments
Feb. 8, 2018 "Millennials are the largest identifiable group that has elected to participate in the ESG-focused fund in Bloomberg's $2.5 billion U.S. 401(k) plan ... Just under 1% of the plan's total assets are invested in the Parnassus Core Equity Fund, which focuses on socially conscious U.S. large-cap companies." MORE >> |
| 5. |
The Washington Post
Aug. 19, 2011 In her opinion siding with the Bloomberg media company (PDF), Chief U.S. District Judge Loretta Preska did more than rule against the dozens of women who had joined the class-action lawsuit alleging systematic discrimination. She also smacked down any notion that workers might expect their employers to honor their family-life decisions. MORE >> |
| 6. |
Bloomberg; subscription required
Oct. 4, 2010
" 'It's much too high an assumption for us, I think it should be lowered,' Bloomberg said today at a news briefing, referring to the city's five pensions holding almost $104 billion. 'That's going to require the city to put in more money.' "
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| 7. |
National Association of State Retirement Administrators [NASRA]
Mar. 11, 2009
2 pages. Excerpt: Re: Hidden Pension Fiasco May Foment Another $1 Trillion Bailout, Bloomberg, March 3, 2009. The Bloomberg article on public pensions falls into some of the same traps as many other pension-related critiques: ignoring important countervailing evidence; failing to place the size and scope of public pension issues into their proper context; and mistakenly applying a few bad examples to the entire public pension community.
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| 8. |
The Empty Closet
Dec. 9, 2004
Excerpt: New York City Mayor Michael Bloomberg announced his appointees to the city's five pension funds will be proposing resolutions to treat marriages and civil unions of same-sex couples performed outside of New York State like any other marriage for purposes of pension fund benefits.The Mayor's move was spurred by a similar action New York State Comptroller Alan G. Hevesi took in October to have the state's retirement system treat Canadian marriages of same-sex couples the same as[.]
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| 9. |
Lawton Retirement Plan Consultants
June 25, 2014 "Rolling a 401(k) account into an IRA is generally a really bad idea, for the following reasons: Higher fees.... Not only higher fees, but more fees.... No advice.... Bad advice.... Loss of protection from creditors.... [T]here are very few compelling reasons to remove 401(k) balances from qualified retirement plan accounts." MORE >> |
| 10. |
Bloomberg BNA
Apr. 25, 2012
"Telecommuting and maintaining in-home offices are among the activities that can create state tax liabilities, a Bloomberg BNA survey found. Potential Impact: Employers may be exposed to unexpected taxes when allowing employees to telecommute from other states. Few states have adopted nexus policies aimed at fostering alternative-work arrangements, according to a survey of state revenue agencies by Bloomberg BNA[.]"
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| 11. |
The Wagner Law Group and October Three in Bloomberg Law
Mar. 21, 2023 17 pages."This chapter will provide an overview of the most common purposes for which the funding level of a single-employer PBGC-covered pension plan is determined, how assets and liabilities are determined for each of these purposes, what the key consequences are if a plan is underfunded for one or more of these purposes, what the key consequences are if the employer has failed to satisfy the minimum funding requirements for the plan, and what the key options are for dealing with unaffordable contributions." [Chapter 9 of Bloomberg Law Guide to Retirement Plan Designs] |
| 12. |
Bloomberg
Sept. 12, 2018
"In an analysis of pharmacy and middleman markups in Medicaid plans around the country, Bloomberg found big spreads on dozens of drugs, and evidence that the spreads are growing. For many widely used generic drugs, state insurance plans are collectively paying millions of dollars in fees to private companies."
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| 13. |
Bloomberg BNA
Mar. 18, 2018
"The Labor Department won't be enforcing the fiduciary rule -- at least for now -- after a federal appeals court in Louisiana vacated the rule, a department spokesman told Bloomberg Law March 16.... It's helpful to the industry that the DOL is acknowledging that it covers the whole rule and has a nationwide impact, Kevin Walsh, an attorney with Groom Law Group [said] ... It would also be helpful for the DOL to make clear that the rule is off the books and other parties can't enforce it, Walsh added."
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| 14. |
Bloomberg BNA
Oct. 23, 2016 "The law firm Morgan Lewis & Bockius tops the list of law firms getting the most business from large employers hit with ERISA class actions in the past year. Since November 2015, Morgan Lewis has been hired to represent employers in 19 [ERISA] class actions, according to Bloomberg BNA's research.... O'Melveny & Myers LLP closely follows." MORE >> |
| 15. |
Bloomberg BNA
Sept. 23, 2016
"Orion won on the voluntary standard issue, but there should be a concern about the court's application of the safe harbor provision in the Americans with Disabilities Act ... Employers have taken a position that the safe harbor applies and the court essentially ruled that out in this case, she said. The deference the court is giving to the safe harbor provision isn't what employers were hoping for[.] ... Some employer groups see this as a win for their side. The Orion decision is a 'very strong rebuttal' to the EEOC's final regulation that the limited incentives that employers can provide to participants in wellness plans can't go over 30 percent, Mark Wilson, chief economist at the HR Policy Association in Washington, told Bloomberg BNA[.]"
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| 16. |
Bloomberg
July 22, 2014
"The rankings [by Bloomberg News reporters] allow employees ... to see how their own 401(k) compares to others on such criteria as company match, investment options, and time to vest.... [M]ore than 40 percent of companies allow workers to vest immediately ... Retailers Home Depot Inc. and Amazon.com make employees wait three years, and software maker Oracle Corp., four."
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| 17. |
Bloomberg
June 17, 2014
"Former employees shifted $321 billion from 401(k)-style plans to individual retirement accounts in 2012, up about 60 percent in a decade ... As a result, IRAs hold $6.5 trillion, more than the $5.9 trillion in 401(k)-style accounts. A three-month Bloomberg investigation found that former employees at major companies ... have complained that sales representatives lured them into rolling over their 401(k) nest eggs into unsuitable IRA investments. The investigation was based on interviews with retirees and brokers, confidential arbitration records and other documents."
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| 18. |
New York Post via Manhattan Institute for Policy Research
Oct. 30, 2013
"During [Mayor] Bloomberg's final year, city will spend $8.7 billion on the police department, nearly double the 2002 figure and more than three times the rate of inflation.... The $4.3 billion taxpayers will spend on salaries and wages for police officers (and a contingent of administrative staff) this year has only just kept up with inflation over the Bloomberg years. By contrast, the pension budget has quadrupled -- from $1.1 to $4.4 billion. We'll spend more on cops' benefits this year than on salaries."
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| 19. |
Bloomberg
Apr. 1, 2013
"Investors betting the worst is over for Illinois have driven its debt to the strongest level in two years as the state offers $800 million of general-obligation bonds, its biggest sale in 11 months. ... Four months after Democratic Governor Pat Quinn released a video showing a cartoon of 'Squeezy the Pension Python' threatening to strangle the capitol building in Springfield, investors are looking to Illinois debt to pad returns. Buyers demand 1.3 percentage points of extra yield on 10-year debt from Illinois and its localities, close to the smallest since February 2011, data compiled by Bloomberg show."
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| 20. |
Bloomberg
June 19, 2012
"[I]nsurers that expect the GM deal to encourage more corporations to offload plans. Pension liabilities exceed assets by more than $435 billion, according to [Bloomberg] ... Greece, facing demands for austerity measures in exchange for rescue funds, had total debt of about $450 billion at the end of 2011.... 'The pension world will forever remember this transaction as the beginning of the era of pension de-risking,' said [the] head of pension risk transfer at Prudential [the insurer that will provide annuities for the GM plan]."
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