"After a merger of a multiemployer defined benefit pension plan that has received SFA from PBGC with a second multiemployer defined benefit pension plan that has not received SFA, with the second plan designated as the ongoing plan after the merger, the ongoing plan is not deemed to be in critical status under section 432(b)(7) of the Code solely as a result of the merger."  MORE >>

"The final rule makes various changes that address the public comments received: [1] Allows plans to invest up to 33% of their SFA funds in return-seeking investments ... with the remaining 67% restricted to high-quality fixed income investments. [2] Modifies the SFA calculation method to use separate interest rates for plans' SFA and non-SFA assets; and aligns the interest rates used to calculate SFA with reasonable expectations of investment returns on plans' SFA assets. [3] Provides a different methodology for the calculation of SFA for plans that implemented benefit suspensions under [MPRA]."  MORE >>

"The [SEC] has several initiatives underway related to [ESG] investing, and they are pursuing fundamental changes to the relationship between investors and private fund advisors. The [DOL] ... is preparing to amend [PTE 1984-14], which provides prohibited transaction relief for asset managers that qualify as qualified professional asset managers (QPAMs)."  MORE >>

"[T]his new deadline is only for qualified plans that are employer-funded ... This does not include 401(k) deferral elections, since elective deferrals may not be implemented retroactively.... In August of 2021, the IRS ... [stated] that retirement plans that are retroactively adopted can skip the first year's Form 5500 filing requirement."  MORE >>

"Stocks tumbled again in June, driving the worst month of the year for pension finance. Both model plans ... lost ground last month: Plan A lost more than 3% but remains up 2% for the year, while the more conservative Plan B lost 1%, ending the first half of 2022 down 1%."  MORE >>

"The analysis finds a big disconnect between how actual and perceived risks are ranked: Actual: [1] longevity; [2] health; and [3] market. Perceived: [1] market; [2] longevity; and [3] health. In short, retirees overestimate market volatility and underestimate how long they will live and their health costs."  MORE >>

"Bonilla's deferred comp deal and its history highlight a dark side of deferred compensation programs. Despite changes in ownership and management at the Mets, the deferred comp agreement continues to live on and, at least to an outsider, it does not appear that new management has ever tried to get out from under the deal, even though the interest rate environment shifted in ways that made the original deal a poor one for ownership."  MORE >>