News Archive: Sep - 2011

Pittsburgh Avoids Pension Takeover

The Pittsburgh, Pennsylvania municipal pension plan had been threatened with a state takeover; by achieving a funding status over 50%, they have avoided it – for now.

DoL to Hold Off on New Fiduciary Rules for Pension Plans

As part a response to requests from the public, including members of Congress, that the agency allow an opportunity for more input on the rule, the US Department of Labor's Employee Benefits Security Administration will re-propose its rule on the definition of a fiduciary.