
Pensions
Teamsters Pension Asks Supreme Court to Reverse PE Firm Withdrawal Ruling
Pension says circuit court ruling ‘provides a blueprint’ for private equity funds to ‘escape withdrawal liability.’
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.