Last week, the American Academy of Actuaries released the results of a study on the funding deficit for the single-employer pension program of the Pension Benefit Guaranty Corporation (PBGC). The PBGC, which protects pension plan participants in the event of a plan sponsor’s failure, is funded by the premiums plan sponsors pay. The organization reported a deficit of $29.1 billion for the fiscal year ended September 30, 2012. (The multi-employer program reported an additional deficit of $5.2 billion, which was not considered in the American Academy of Actuaries study.)
Insurer says it will boost its 401(k) match from 50% to 100% of the first 4% employees defer.
Following a year where companies were targeted in breaches that compromised personal information of more than half of the U.S. population, regulators are moving away from voluntary cybersecurity compliance to comprehensive regulation and enforcement.
Companies argue that federal and most state exchanges havent followed the rules set out in the statute and regulations and therefore cant levy fines.
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