Tag: Supreme Court
Private equity isn’t always a market beater and charges high fees. Besides, it’ll be confined to larger investment pools, like target-date funds, which limits its impact.
Public sector workers want to strike down a provision that stops them from winning higher benefits in retirement.
Rhode Island city had been sued for suspending police, firefighter COLAs.
Government estimates rectifying age discrimination will add approximately £4 billion per year to plan liabilities from 2015.
Lower court rulings involving an automotive, mineworkers’ pensions maintained.
Question is: Can plan beneficiaries sue over risky asset allocations, despite the plan’s return to full funding?
Lawsuit against Intel claims company plans included overly risky investments.
Supports SEC in allowing agency to hold individuals liable even if they did not make a statement deemed fraudulent.
Despite the ruling, the court sidestepped a much larger issue, whether core pension benefits promised at the time of hire for public workers can be changed.