A House Committee alleges the PBGC allowed over $127 million to flow to deceased pension-plan participants; the PBGC asserts funds were not "improperly" paid.
This dollar amount equates to 6.6 billion lost hours of productivity over a two-year period of the pandemic, according to a new Integrated Benefits Institute report.
A federal judge in New York has rejected a lawsuit by a participant who accused the company and plan fiduciaries of violating ERISA by mismanaging the plan.
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"articles": [
{
"uri": "/2024/03/05/majority-of-workers-forced-back-to-the-office-are-looking-to-change-jobs-411-31518/",
"title": "Most Workers Forced back to the Office Are Looking to Change Jobs",
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"prettyDate": "March 05, 2024",
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"summary": "17% of workers would prefer to be fully remote, while 15% want to be in the office full-time.",
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},
{
"uri": "/2024/01/19/house-committee-probes-pbgc-pension-bailout-after-127m-paid-to-dead-participants-411-31183/",
"title": "House Launches Probe of PBGC Pension Bailout",
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"prettyDate": "January 19, 2024",
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"summary": "A House Committee alleges the PBGC allowed over $127 million to flow to deceased pension-plan participants; the PBGC asserts funds were not \"improperly\" paid.",
"body": null
},
{
"uri": "/2023/02/17/covid-cost-employers-213b-in-lost-hours-how-to-recover-costs-411-29269/",
"title": "Covid Cost Employers $213 Billion in Lost Hours: How to Mitigate Further Losses",
"byline": "Joel Kranc",
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"prettyDate": "February 17, 2023",
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"summary": "This dollar amount equates to 6.6 billion lost hours of productivity over a two-year period of the pandemic, according to a new Integrated Benefits Institute report.",
"body": null
},
{
"uri": "/2023/01/30/employers-paying-hidden-costs-for-recruitment-in-tight-labor-market-411-29127/",
"title": "Employers Paying Hidden Costs for Recruitment in Tight Labor Market",
"byline": "Joel Kranc",
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"prettyDate": "January 30, 2023",
"timeToRead": "2 minute",
"image": {
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"summary": "The real-life markup on recruiting and employing one $15/hour employee for a year is around 63%.",
"body": null
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{
"uri": "/2023/01/20/pension-funded-status-at-highest-in-10-years-despite-pandemic-411-29066/",
"title": "Pension Funded Status at a 10-Year High",
"byline": "Joel Kranc",
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"prettyDate": "January 20, 2023",
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"summary": "The increase in interest rates seen in 2022 improved pensions' funded status and provided attractive yields for sponsors wanting to de-risk.",
"body": null
},
{
"uri": "/2022/12/09/biden-announces-36-billion-in-relief-for-ailing-teamsters-pension-fund-411-28844/",
"title": "$36 Billion in Relief for Ailing Teamsters' Pension Fund",
"byline": "Joel Kranc",
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"prettyDate": "December 09, 2022",
"timeToRead": "3 minute",
"image": {
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"summary": "This largest-ever rescue covers 350,000 workers and retirees of the Central States Pension Fund, which was projected to become insolvent in 2026.",
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},
{
"uri": "/2022/11/17/banner-year-in-2023-68-of-employers-will-increase-salaries-411-28689/",
"title": "Banner Year? In 2023, 68% of Employers Will Increase Pay.",
"byline": "Joel Kranc",
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"prettyDate": "November 17, 2022",
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"summary": "In addition to an average projected wage increase of 3.9%, employers are taking a total rewards approach and adding new employee benefits.",
"body": null
},
{
"uri": "/2022/11/07/work-from-home-poses-challenges-but-benefits-are-still-greater-411-28573/",
"title": "Work from Home Poses Challenges, but Benefits Are Still Greater",
"byline": "Joel Kranc",
"kicker": "Analysis",
"prettyDate": "November 07, 2022",
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"summary": "64% of those who transitioned to a remote or hybrid work arrangement say it's easier now for them to balance work with their personal life.",
"body": null
},
{
"uri": "/2022/10/12/pbgc-bails-out-freight-drivers-pension-plan-expected-to-run-out-of-money-in-2023-411-28391/",
"title": "PBGC Bails out Freight Drivers Pension Plan",
"byline": "Joel Kranc",
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"prettyDate": "October 12, 2022",
"timeToRead": "2 minute",
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"summary": "To date, the federal program has approved over $7.7 billion to plans that cover more than 154,000 workers, retirees, and beneficiaries.",
"body": null
},
{
"uri": "/2022/09/28/goldman-sachs-gets-a-surprising-win-in-its-401k-excessive-fee-suit-411-28279/",
"title": "Goldman Sachs Gets a Surprising Win in Its 401(k) Excessive-Fee Suit",
"byline": "Joel Kranc",
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"prettyDate": "September 28, 2022",
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"summary": "A federal judge in New York has rejected a lawsuit by a participant who accused the company and plan fiduciaries of violating ERISA by mismanaging the plan.",
"body": null
}
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}
