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Mass. ERISA Pension Plan Litigation $59 Mil Settlement


Tuesday, March 16, 2021
For many years there has been concern that when pension plans collapse, it may in part be attributable to the failure of employer plan sponsors to conduct the selection and monitoring of actuarial assumptions in a prudent, objective manner. This is because the Employee Retirement Income Security Act of 1974 (ERISA) only requires the use of “reasonable” assumptions and “actuarial equivalents”; and because these terms are not defined in the statute, they could mean different things to different people, particularly to different actuaries.
Most recently, there have been challenges to the use of pension plan mortality assumptions and, in particular, claims alleging that the use of older mortality tables in connection with the calculation of joint and survivor benefits violates ERISA’s anti-cutback rule. These cases generally are settled, since winning a motion to dismiss is difficult when alleged violations depend on the meaning of t ....

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DWP update: Post Office accounts set to close - Britons will need to take action | Personal Finance | Finance


| UPDATED: 21:51, Wed, Feb 17, 2021
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Many benefit claimants have used Post Office account cards in order to claim the sums to which they are entitled from the Government. A Post Office Card Account (POCA) is a popular bank account used for automated Government payments. It is additionally favoured by a number of State Pension recipients who use the account to collect their retirement income with ease. ....

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V Česku přibylo 8452 nakažených, víc než před týdnem

V Česku přibylo 8452 nakažených, víc než před týdnem
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