"[W]ith only three months remaining in federal fiscal year 2022, [it is highly likely] that, for 2023: [1] The compensation limit will increase to at least $335,000 ($30,000 more than in 2022). [2] The highly compensated employee (HCE) dollar limit will increase to at least $150,000 ($15,000 more). [3] The individual elective contributions limit will increase to at least $22,500 ($2,000 more). [4] The sum of individual and employer contribution limits will increase to at least $67,000 ($6,000 more)"  MORE >>

"In 2015, the plan was predicted to be bankrupt as early as 2022. That didn't happen because of a government bailout. But this reality begs the question whether it makes sense to impose a discount rate that assumes the plan would have continued to earn something close to 7.5% on its assets during the relevant time period. Or does applying such an assumption simply shift the costs of withdrawal from the participating mining company to the taxpayers and the plan, thereby incentivizing employers such as Energy West to withdraw, doing precisely what Congress was seeking to avoid." [United Mine Workers of America 1974 Pension Plan v. Energy West Mining Co., No. 20-7054 (D.C. Cir. July 8, 2022)]  MORE >>

"The court found that the employees plausibly allege that TriHealth acted imprudently by failing to offer a functionally identical share for less. 'These allegations permit the reasonable inference that TriHealth failed to exploit the advantages of being a large retirement plan that could use scale to provide substantial benefits to its participants.' " [Forman v. TriHealth, Inc., No. 21-3977 (6th Cir. Jul. 13, 2022)]  MORE >>

"[The] combination of portfolio withdrawals with market corrections can shorten a portfolio's life by seven years or more.... [B]uffered or defined-outcome ETFs, a strategy that historically was only available through insurers and investment banks, can be used to manage and mitigate what's called sequence-of-returns risk, as well as some other pesky retirement risks (inflation, longevity and volatility)."  MORE >>

"Forcing taxpayers with losses in their own retirement plans to selectively bailout severely mismanaged union plans is bad enough. But the [PBGC] rule finalized changing the statutory interest rate to increase the taxpayer funds plans receive is completely without statutory authority."  MORE >>

"The plaintiff asserted that the word 'and' between '(x)' and '(y)' meant that both conditions had to be satisfied before the defendants could exercise their call right ... The judge sided with the defendants, concluding based on the language and the surrounding context, that the parties must have intended the disjunctive interpretation[.]" [Weinberg v. Waystar, Inc., No. 2021-1023 (Del. Chanc. Jul. 6, 2022)]  MORE >>