The embattled California city has negotiated a deal to exit bankruptcy without neglecting its obligations to the state's public employee retirement system, avoiding a $1.6 billion termination fee.
Targeting the exploding health and wellness market, Microsoft in one fell swoop has launched a new cloud-based platform, mobile app, and wearable fitness tracking wrist band.
ERISA can be a complicated law to navigate, especially for companies that dont have access to internal resources who understand the inner workings and compliance issues of 401(k) plans. Pay close attention to these 10 items to avoid catching the eye of the DOL.
The IRS last week announced new adjustments for retirement plans, including for 401(k) deferrals, contributions and benefits, and the amount of compensation counted for plan purposes beginning in 2015. Heres what you and your employer clients need to know.
Last week, the Internal Revenue Service and the Department of Labor issued coordinated guidance on lifetime income provided through target date funds. It is intended to encourage and expand the availability of retirement income options in defined contribution plans.
As more and more employers analyze their ever-growing pension obligations, Boeing and Hartford Financial Services Group are the latest companies to use the lump-sum payment tactic to limit their liabilities.
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