ERISA is an acronym for the federal Employee Retirement Income Security Act of 1974. Most people have never heard of ERISA, but its comprehensiveness impacts the vast majority of American workers and their dependents. The original intent behind ERISA’s enactment was to remedy pension plan abuses; however, just prior to Congress’ passage of the ERISA law, the scope […]
A term that became popular several years ago among sponsors of ERISA [1] -governed defined benefit plans is “de-risking,” although the issue is now more commonly described as pension risk transference (PRT). […]
Defined benefit (DB) pension plans used to be the prevalent form of retirement benefit offered by American employers to their employees. […]
Complex regional pain syndrome (CRPS), formerly known as reflex sympathetic dystrophy (RSD) is a severe chronic pain syndrome that can occur after an injury, illness, or surgery. Even a minor injury can result in complex regional pain syndrome CRPS/RSD; and its persistence and manifestation can often be significantly worse than the original injury and appear […]
A July 7 ruling from the U.S. Court of Appeals for the Seventh Circuit has potentially created a large loophole in multiemployer welfare and pension plans’ ability to collect delinquent contributions from successor organizations or to impose withdrawal liability on successors […]
Court rulings on issues involving the Employee Retirement Income Security Act sometimes have surprising outcomes, and a June decision from the U.S. District Court for the District of Massachusetts in the case of DeBold v. Liberty Life Assurance Co. of Boston[1] is a good example […]