4 11, 2022

UFCW Union Pension Trustees Demand Albertsons Delay $4B Dividend Pending Fulfillment of Pension Obligations

2022-11-04T11:10:09-07:00November 4th, 2022|Categories: Defined Benefit Plans|Tags: , , , |

Source: Business Wire Pension Trustees representing United Food and Commercial Workers (UFCW) Locals 5, 8, 480 and 648 in Northern California and Hawaii demand Albertsons delay an anticipated $4 billion dividend to shareholders. “The UFCW played a significant role in securing billions of dollars in anticipated pension funding through the American Rescue Plan Act as a means to bolster qualifying pension plans. This government support of retirement security must not be converted into a windfall for shareholders at the [...]

16 08, 2022

Defined Benefit Plans May Have New Life

2022-08-16T08:48:31-07:00August 16th, 2022|Categories: Defined Benefit Plans|Tags: , |

By Noah Zuss Source: Plan Sponsor Defined benefit plans, the dinosaurs of the retirement world, may once again roam the private-sector benefits landscape, according to retirement industry veterans with pension actuarial expertise. For plan sponsors with a frozen defined benefit plan, it could be a good time to consider unfreezing, says Zorast Wadia, principal and consulting actuary, Milliman. Regulatory relief from Congress in the American Rescue Plan Act, economic and labor market conditions, hybrid pension plan designs and the [...]

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