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HTMLImportant UK High Court Guidance on Pension Scheme Trustee Duties and the Status of a Scheme as "Open" Or "Frozen"
Andrew Block, Philippa James, Stuart Pickford; Mayer Brown International LLP;
Legal Alert/Article
March 5, 2015, previously published on February 25, 2015
The High Court has today given judgment in Merchant Navy Ratings Pension Fund Trustees Ltd v. Stena Line Ltd and Others1. The case gives important guidance on two issues relating to occupational pension schemes:

 

HTMLIllinois District Court Holds That a Plan Maintained by a Religiously Affiliated Organization Is Not a Church Plan
Edna S. Kersting; Wilson Elser Moskowitz Edelman & Dicker LLP;
Legal Alert/Article
March 5, 2015, previously published on January 22, 2015
The United States District Court for the Northern District of Illinois recently had the opportunity to weigh in on the issue of whether a religiously affiliated employer was exempt from federal regulation of its employee benefits plans based on a statutory exemption created for churches under the...

 

HTMLAnthem’s Data Breach Affects Many Non-Anthem Plans: What Employers Need to Know Now
Brenna M. Clark, Adam B. Cohen, Brittany Edwards-Franklin, Andrea M. Gehman, Michael A. Hepburn; Sutherland Asbill Brennan LLP;
Legal Alert/Article
March 5, 2015, previously published on March 4, 2015
On February 4, 2015, Anthem Inc. (“Anthem”) disclosed that it had been a victim of a sophisticated cyber-attack that compromised the personal health plan data of up to 80 million customers of not only Anthem but also a much broader group of insurers and third-party administrators for...

 

HTMLSeller Beware: Eighth Circuit Finds Insurer Potentially Liable for Enrollment Mistakes of Employer
Joshua Bachrach; Wilson Elser Moskowitz Edelman & Dicker LLP;
Legal Alert/Article
March 5, 2015, previously published on February 27, 2015
In Silva v. Metropolitan Life Insurance Company, 762 F.3d 711 (8th Cir. 2014), the Eighth Circuit joined a number of other circuits in recognizing equitable remedies of reformation and surcharge based on a breach of fiduciary duty under ERISA. The claim for supplemental life insurance benefits...

 

HTMLWhat ERISA Plan Fiduciaries Can Learn From Tibble v. Edison International
Reginald R. Goeke, Brian D. Netter, Nancy G. Ross; Mayer Brown LLP;
Legal Alert/Article
March 5, 2015, previously published on February 26, 2015
On February 24, the US Supreme Court heard arguments in an ERISA case challenging the prudence of certain investment options included within a 401(k) lineup. Although a decision is not expected until spring, certain risk avoidance lessons for plan sponsors and fiduciaries follow from the...

 

HTMLShenzhen Raises Minimum Wage: Rate to Take Effect from 1 March 2015
Andy S. Yeo, Esta H. Y. Zhang; Johnson Stokes & Master Mayer Brown JSM;
Legal Alert/Article
March 5, 2015, previously published on February 12, 2015
On 4 February 2015, the Shenzhen Municipal Human Resources and Social Security Bureau issued a notice (“Notice”) to increase the statutory minimum wage from 1 March 2015.

 

HTMLIRS Releases Additional Guidance on Reporting Health Coverage Information
Ronald G. Cluett, Joanne C. Youn; Caplin & Drysdale, Chartered;
Legal Alert/Article
March 4, 2015, previously published on February 25, 2015
As the fifth anniversary of its enactment fast approaches, employers continue to confront significant challenges in determining and meeting their obligations under the Patient Protection and Affordable Care Act of 2010, as amended ("PPACA"). This is unsurprising given the fact that many...

 

HTMLMandatory Retirement Plans in Illinois
Karen N. Brandon, Aimee E. Dreiss; Ogletree, Deakins, Nash, Smoak & Stewart, P.C.;
Legal Alert/Article
March 3, 2015, previously published on January 5, 2015
Is Illinois the precursor to mandatory retirement savings programs across the country the way that Massachusetts was for mandatory health care? Illinois has become the first state to require that private-sector employers offer their employees retirement benefits. The Illinois Secure Choice Savings...

 

HTMLFeb. 2 Deadline Looming to Implement Retroactive Increase in 2014 Mass Transit Benefit Limits
Vicki M. Nielsen; Ogletree, Deakins, Nash, Smoak & Stewart, P.C.;
Legal Alert/Article
March 3, 2015, previously published on January 23, 2015
Affected employers must move quickly to take advantage of a special administrative procedure regarding a retroactive increase in excludable transit benefits enacted on December 19, 2014, under the Tax Increase Prevention Act of 2014 (TIPA). Because affected Internal Revenue Service (IRS)...

 

HTMLIRS Changes Special Tax Notice Requirements for Retirement Plan Distributions
Carl J. Grassi, Amelia Larsen, Antoinette M. Pilzner, Dale R. Vlasek, John M. Wirtshafter; McDonald Hopkins LLC;
Legal Alert/Article
March 3, 2015, previously published on December 4, 2014
Retirement plan administrators for qualified retirement plans are required to provide participants with a special tax notice when the participants receive distributions from the plan which are eligible to be rolled over into another qualified retirement vehicle. On November 24, 2014, the IRS...

 


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