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27 Oct 2021, 7:54 am by CharlesB
Improves benefits for widows and widowers in two income households Repeals the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) that currently penalize many public servants. [read post]
19 Oct 2021, 2:22 pm by Kevin LaCroix
This is truly an astonishing amount and there are significant examples of mutual funds, pension funds, and other asset management firms experiencing a positive NAV from recoveries. [read post]
19 Oct 2021, 10:10 am by Cynthia Marcotte Stamer
EBSA’s first official recognition of a cybersecurity responsibility by plan fiduciaries appears in the Default Electronic Disclosure by Employee Pension Benefit Plans Under ERISA Final Rule (the “Electronic Disclosure Rule”), which took effect July 27, 2020 . [read post]
15 Oct 2021, 8:40 pm by Simon Lovegrove (UK)
Among other things to support more long term investing, the FCA has recently consulted on proposals to introduce a Long Term Asset Fund (LTAF), which is likely to be of interest to pension funds. [read post]
15 Oct 2021, 4:00 am by Jim Sedor
Nuñez excoriates the company’s handling of a foreign nonprofit tied to former Trump campaign manager Paul Manafort that exposed Mercury to liability and public denouncement. [read post]
13 Oct 2021, 8:32 am
At its heart are Global Public Investors – central banks, sovereign funds and public pension funds – with investable assets of $42tn, equivalent to 43% of world GDP. [read post]
12 Oct 2021, 2:14 pm by Kevin LaCroix
We assume no duty in contract, tort, or otherwise in connection with this publication and expressly disclaim, to the fullest extent permitted by law, any liability in connection with this publication. [read post]
12 Oct 2021, 6:40 am by Richard Reibstein Esq.
‘Connecticut law and public policy of freedom of contract’ therefore require enforcement of the parties’ agreement. [read post]
3 Oct 2021, 4:33 pm by Chris Castle
The Administrative Assessment proceeding is how the collective got funded by Spotify, Google, Apple, Amazon and the rest of the big services (and eventually all users of the compulsory license). [read post]
1 Oct 2021, 11:43 am by Steven M. Berliner and Michael Youril
SB 278 greatly increases the potential costs to CalPERS agencies for reporting errors, by creating new and in some cases retroactive financial exposure for CalPERS agencies already struggling to fund their pension obligations. [read post]
1 Oct 2021, 7:45 am by Kluwer Patent blogger
In his reply, Mr Campinos threatened to reduce cash injections into the pension reserve funds if he were to grant moral damages to all staff. [read post]
1 Oct 2021, 7:45 am by Kluwer Patent blogger
In his reply, Mr Campinos threatened to reduce cash injections into the pension reserve funds if he were to grant moral damages to all staff. [read post]
26 Sep 2021, 8:08 pm by Francis Pileggi
The Delaware Supreme Court has announced a revised standard for an important aspect of corporate litigation: the analysis of pre-suit demand futility for purposes of pursuing a derivative stockholder claim, in United Food and Commercial Workers Union and Participating Food Industry Employers Tri-State Pension Fund. v. [read post]
26 Sep 2021, 7:28 pm by Francis Pileggi
Background Two public pension funds were the co-lead plaintiffs in a shareholder suit that claimed Boeing’s directors were liable for lax safety that caused two crashes of the new 737 MAX jetliner, killing all aboard both planes — which were grounded by federal regulators for 20 months with large financial losses. [read post]
22 Sep 2021, 9:13 pm by David Super
  One would be to determine that section 4 of the Fourteenth Amendment makes the debt limit unenforceable when it states that “The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall [read post]