Compass Retirement Consulting Group, Inc. |
Defined Benefit Calculation Specialist/Actuary The Angell Pension Group, Inc. |
United 401(k) Plans, Inc. |
Central Pension Fund of the IUOE |
Retirement Plan Legal Specialist Pentegra |
Retirement Plan Relationship Manager ERISA Services, Inc. |
Central Pension Fund of the IUOE |
Trucker Huss, A Professional Corporation |
Bates & Company |
Prime Pensions, Inc. |
Carpenter Morse Group |
Retirement, LLC |
Nicholas Pension Consultants |
Nova 401(k) Associates |
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Text of Sixth Circuit Opinion: PBGC Denial of Post-Termination Amendment Was Not Arbitrary and Capricious (PDF) U.S. Court of Appeals for the Sixth Circuit ![]() Jan. 16, 2015 "Even assuming Kentucky Bancshares was obliged to amend its Plan to account for changes precipitated by the PPA ... nothing in the PPA or the Internal Revenue Code made it necessary for Kentucky Bancshares to amend the Plan in a way that caused a decrease in the value of benefits. Or, stated otherwise, even though the PPA-authorized changes made by the Plan amendment were permissible ... Kentucky Bancshares has failed to identify any persuasive authority or reason for finding that the amendment did not result in an impermissible post-termination decrease in the value of benefits ... PBGC reasonably concluded that Kentucky Bancshares' compliance with PPA Section 1107 did not obviate its obligation to also comply with ERISA's standard termination requirements. The two sets of requirements are not contradictory[.]" [Pension Benefit Guaranty Corp. v. Kentucky Bancshares, Inc., No. 14-5573 (6th Cir. Jan. 15, 2015)] |
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