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Massachusetts Institute of Technology persuaded a federal district court to toss a jury demand in a case alleging that the MIT 401(k)

Morgan Stanley and others were not de facto ERISA fiduciaries by virtue of having authority and means to fund company contributions with stock rather than cash.

They also discuss issues that may come up for sports industry employers such as handling disability claims involving concussions.

The SEC Office of Investor Education and Advocacy ("OIEA") provided basic information on retirement investing through IRS 403(b) and 457(b) plans.

Twenty-five Republican state attorneys general, along with two energy companies, have commenced an action against the U.S. Department of Labor (DOL) seeking to "hold unlawful and set aside" rules governing how retirement plan mangers can consider climate change and other ESG factors.

Acting New York Attorney General Barbara D. Underwood, along with the Attorneys General of California and Oregon, requested that the Fifth Circuit Court of Appeals reconsider its recent decision ...

The Senate Finance Committee is expected to release its portion of the One Big Beautiful Bill ("BBB") early this week after it reviews procedural Byrd Rule issues with the Senate parliamentarian.

Each week while Congress is in session, our Policy team delivers a key update to highlight a topical benefits, health, or retirement news item from the Hill, such as a newly introduced bill, a summary of a committee hearing, or another hot-button matter.

On November 9, senators voted 60-40 on a procedural vote to proceed with legislation to reopen the government. The agreement reached by Senate Republican leadership and a group of Senate Democrats...

US Corporate Law News, Fifth Circuit Court of Appeals vacates DOL fiduciary rule.

A coalition of nine major business and financial industry groups filed a lawsuit in the U.S. District Court in Texas challenging the Department of Labor's fiduciary rules.

The Second Circuit recently affirmed the dismissal of an ERISA stock drop class action because, like the district court, it held that Named Plaintiff Debra Taveras lacked constitutional standing to pursue her claims.

On May 4, 2015, Governor Charlie Baker signed into law a bill creating an early retirement incentive program for Massachusetts state employees.

On May 25, 2017, it was reported on Reuters that the European Insurance and Occupational Pensions Authority ("EIOPA") is to publish guidance directed to national regulators...

On June 5, 2015, the European Commission announced an extension of the exemption from the clearing obligation for pension funds from August 16, 2015 to August 16, 2017.

Effective January 1, 2021, Dutch employers have more leeway in reaching a termination settlement just before the retirement age without a punitive tax levy.

On July 10, the House Education and the Workforce Committee passed, 24-18, a Congressional Review Act ("CRA") resolution (H.J. Res. 142) to overturn the Department of Labor's final fiduciary rule.