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18 Nov 2015, 1:08 pm by Greg Daugherty
State Street Bank & Trust Co., the Sixth Circuit held that an ESOP fiduciary’s investment decisions satisfy the ERISA duty of prudence so long as the fiduciary uses a prudent process when the decisions are made. [read post]
9 Nov 2015, 12:07 pm by Kent Berk
While Domingo was living with them, the Gracas used funds from Domingo’s savings account, his monthly pension and Social Security to supplement their own income and help with household expenses. [read post]
9 Nov 2015, 12:07 pm by Kent Berk
While Domingo was living with them, the Gracas used funds from Domingo’s savings account, his monthly pension and Social Security to supplement their own income and help with household expenses. [read post]
8 Nov 2015, 9:30 am by David Oxenford
  This is especially true as these ownership vehicles are often layered – an LLC partially owned by an investment fund which is in turn partially owned by a private equity fund which is itself partially owned by a pension or retirement fund, and so on and so on. [read post]
4 Nov 2015, 9:30 am by John Jascob
The petitioners maintain that they should have a chance to plead their Section 11 omissions claims under the Omnicare standard (NECA-IBEW Pension Trust Fund v. [read post]
2 Nov 2015, 12:10 pm by Adam Kielich
The employer will fund the pension plan’s trust generally to satisfy its obligations to its employees and retirees. [read post]
2 Nov 2015, 6:14 am by Saul Kobrick
The reason for this is that in order for those assets to serve their purpose they must provide immediate access to funds. [read post]
 The SSDI program, on the other hand, is geared towards people who likewise remain long-term disabled from working but who have sufficiently paid into the Social Security disability trust fund through their past wages or self-employment income to qualify for an SSDI benefit: these benefits are not needs based benefits (that is to say, welfare based) but rather is income that is in the form of an insurance benefit that one has paid for through their payroll taxes. [read post]
8 Oct 2015, 6:36 pm
The complaint consisted of four causes of action, as follows: (1) To impress a constructive trust upon certain real property located at 141 Forest Green, Staten Island; (2) To void the right of election filed by defendant second wife under section 5-1.1 of the Estates, Powers and Trusts Law as surviving widow of the husband; (3) To impress a constructive trust upon the proceeds of a pension plan of the deceased husband had with the City of New York, which were… [read post]
8 Oct 2015, 3:13 pm
These funded the employees' health insurance, vacation pay, and their pensions. [read post]
7 Oct 2015, 4:46 pm by Kevin LaCroix
Mary Gill Courtney Quirós In many instances when allegations of wrongdoing surface at a company, the appropriate course for the company’s board will be to appoint an independent committee to investigate the allegations. [read post]
As written, the proposed rules appear to penalize a Veteran for creating and funding a trust – for any reason. [read post]
16 Sep 2015, 5:01 am by James Edward Maule
Gary Wayne Rodrigues was convicted of mail fraud, health care fraud, money laundering, conspiracy to commit money laundering, embezzlement, and accepting kickbacks to influence operation of a union hospitalization trust fund. [read post]
15 Sep 2015, 7:29 am by Joy Waltemath
Moreover, the appeals court held that the most important factor in assessing whether an employer was a successor for purposes of imposing MPPAA withdrawal liability was whether there was substantial continuity in the business operations between the predecessor and the successor, as determined in large part by whether the new employer had taken over the economically critical bulk of the prior employer’s customer base (Resilient Floor Covering Pension Trust Fund Board… [read post]
14 Sep 2015, 2:52 pm by Adam Kielich
In a defined benefit pension plan the funds are kept in a general trust and are payable against any accrued benefits for which the plan must pay. [read post]
8 Sep 2015, 5:59 am by Joy Waltemath
The pension fund argued that the governing language appeared in the trust agreement. [read post]
31 Aug 2015, 11:26 am by Kimberly V. Mann
Investment advisers provide advisory services, such as portfolio management, financial planning, and pension consulting, to many different types of clients, including institutions, private funds and other pooled investment vehicles, pension plans, trusts, foundations and mutual funds. [read post]
12 Aug 2015, 9:01 pm by Neil H. Buchanan
The pro- versus anti-Social Security debate is truly odd, because there really is nothing to the arguments of people who try to scare post-Baby Boomers by talking about Ponzi schemes, or the purported miracles of private accounts, or the supposedly “empty” trust fund, and so on. [read post]
6 Aug 2015, 11:00 pm by Tessa Shepperson
” Quaker Housing Trust boss Jenny Brierly saying; “This would be of considerable help in protecting homes created and provided by the kind of charitable projects that Quaker Housing Trust funds. [read post]