Loan & Distribution Specialist AimPoint Pension
|
AimPoint Pension
|
Compass
|
Bates & Company, Inc.
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
Regional Vice President of Sales The Retirement Plan Company
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
As Pension Recoupment Grows, Advocates for Retirees Offer Advice to Agencies (PDF)
Bloomberg BNA Pension & Benefits Reporter, via Pension Rights Center May 19, 2015 "[S]uggestions that the DOL or Treasury can use to develop guidance [include]: ... [1] Either the DOL or Treasury should state that plans must follow the usual claims and appeals process.... [2] Many plans impose a statute of limitations on participants, stating, for example, that claims must be brought within three years, or even as little as one year. But plans impose no such limitations on themselves. [3] Limit recoupment to a percentage of monthly benefit.... [4] Prohibition on interest.... [5] The DOL should also develop guidance as to what constitutes a hardship, such as exists with the OPM and Social Security." |
Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |