UK Proposes Increasing Pension Watchdog’s Powers
Government white paper suggests giving The Pensions Regulator (TPR) the ability to levy ‘punitive fines.’
Regulation
Federal Judge ‘DROPs’ Police and Firefighter Pension System Lawsuit
Board froze DROP program due to insolvency woes.
Grim Fate Looms Over Kentucky Pension Reform
Stivers pessimistic as 10 days remain in regular session.
Court Orders Inquiry into Sears Canada Dividend Payment
A litigation investigator has been appointed to review C$3 billion in shareholder payouts.
Kentucky Sues to Block Pension Reform Analysis Release
Gov. Bevin’s office says law exempts disclosure of report because bill was ‘preliminary.’
Oregon Passes Law to Boost Public Pensions
Two funds will be created to help reduce the state’s $25 billion in unfunded liabilities.
A.G. Beshear Declares KY Pension Substitute Still Illegal
Cites issues with teachers’ COLA reductions.
Reducing Personal Risk for ERISA CIOs
CIOs are personally liable for breaches, but there are steps to create more safety.
California Bill Would Allow State Workers to Opt Out of CalPERS
Proposed legislation would create an optional defined contribution plan.
Kentucky Senate President Shuts Down Bevin’s 401(k) Proposal
Teachers to now choose between two plans in new reform.
UK Committee Calls for Pensions Regulation after Billion-Dollar Scandal
Average British Steel pensioner transferred £400,000 in benefits to “unsuitable” funds.
US Treasury Official Pushes for Worldwide Cryptocurrency Regulation Against ‘Kleptocrats and Criminals’
Demands ‘stiff penalties’ against non-complying companies, individuals.
AZ Judge, Politician Pension Could Get Funding via Judicial Fee Bump
Employer contribution increase, COLA reductions are also being discussed.