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Federal Government Publishes An Interim Final Rule (Part 1) Implementing The No Surprises Act - Food, Drugs, Healthcare, Life Sciences

Federal Government Publishes An Interim Final Rule (Part 1) Implementing The No Surprises Act - Food, Drugs, Healthcare, Life Sciences
mondaq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondaq.com Daily Mail and Mail on Sunday newspapers.

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Implementing the No Surprises Act Through Interim Final Rule

Implementing the No Surprises Act Through Interim Final Rule
natlawreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from natlawreview.com Daily Mail and Mail on Sunday newspapers.

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Federal Government Publishes an Interim Final Rule (Part 1) Implementing the No Surprises Act | Foley & Lardner LLP

Federal Government Publishes an Interim Final Rule (Part 1) Implementing the No Surprises Act | Foley & Lardner LLP
jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.

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Senators Warren, Smith urge EBSA to hold Goldman accountable

Senators Warren, Smith urge EBSA to hold Goldman accountable
Print
Senators Elizabeth Warren of Massachusetts and Tina Smith of Minnesota Tuesday urged the Department of Labor s Employee Benefits Security Administration to reconsider plans to exempt the Goldman Sachs Group from penalties for its role in Malaysia s 1MDB scandal that would have forfeited the group s rights to manage U.S. workers retirement assets.
Despite Goldman s pending admission of criminal wrongdoing, due to be finalized in June, for its subsidiary s role in that massive fraud, the EBSA has proposed a five-year exemption allowing the company to continue managing workers retirement assets, the senators noted in an April 13 letter addressed to Timothy D. Hauser, deputy assistant secretary for operations of EBSA at the DOL. ....

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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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