"This notice provides guidance on the corporate bond monthly yield curve, the corresponding spot segment rates ... and the 24-month average segment rates ... [as well as] the interest rate on 30-year Treasury securities ... as in effect for plan years beginning before 2008 and the 30-year Treasury weighted average rate[.]"   MORE >>

"On August 22, 2022, PBGC modified My PAA to enable users to log in to My PAA via Login.gov.  To do so, you will need to set up a Login.gov account (if you don’t already have one) and use those credentials to log in to My PAA instead of your current My PAA login credentials. "   MORE >>

"Estimated competitive retiree buyout cost, as a percentage of accounting liability, decreased by 30 bps from 98.3% to 98.0% during July."   MORE >>

"While each segment faces its own unique challenges, [DCIIA researchers] found a remarkable consistency of preferences related to retirement income solutions. This implies that such solutions are likely to resonate for the majority of retirees if they are developed with an awareness of retirees' preferences and priorities."   MORE >>

"[T]he plaintiffs suggest their retirement plan's fiduciaries failed to fully disclose the expenses and risk of the plan's investment options to participants and beneficiaries. The lawsuit also alleges that plan fiduciaries allowed unreasonable expenses to be charged to participants and selected, retained or otherwise ratified high-cost and poorly performing investments." [Harris v. Swiss Re American Holding Corp., No. 22-7059 (S.D.N.Y. complaint filed Aug. 18, 2022)]   MORE >>

"[T]he Obeslo v. Great-West Capital Management, LLC lawsuit is not an ERISA class action and thus the legal standard to prove excessive fees is codified by statute.... [That standard] is unfortunately higher than how courts treat the same type of case under ERISA. But as copycat plaintiff lawyers push the boundaries of excessive fee and investment underperformance litigation, it is time for sanctions to be considered against lawyer-driven cases involving manufactured claims with no proof of a defective fiduciary process. " [ Obeslo v. Great-West Capital Mgmt. LLC , No. 16-230 (D. Colo. Aug. 7, 2020; order granting motion for sanctions Sep. 28, 2020; order specifying sanctions Aug. 16, 2022)]   MORE >>

"There seems little interest by the regulators and Congress to seriously address the issues of investor investment protection as a result of massive financial lobbying by the financial services industry, a massive lack of understanding of the issues involved (i.e., confusing major fraud with nickel and dime investor investment erosion), and the underlying conservative belief that all regulation is bad."   MORE >>

"From company competitiveness to potential financial benefits for the plan sponsor and the plan participant, NQDC plans may be an attractive part of an executive’s retirement readiness strategy. However, some of the plan’s most important benefits may be left on the table unless there is purposeful education about the plan’s options and potential."   MORE >>

"In developing an equity-based long-term incentive plan, the most significant decision to make initially is whether the plan will be based on real equity or phantom/synthetic equity. This single decision will determine the impact of the plan in many respects."   MORE >>