Labor & Employment Administrative Agency Bankruptcy

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UPDATE: Court Rejects CalPERS’ Efforts to Lift Stay In San Bernardino Case

In a ruling predicted by the Restructuring Review Blog last month, Judge Meredith A. Jury of the U.S. Bankruptcy Court for the Central District of California rejected arguments by CalPERS that the Bankruptcy Court should lift...more

California Dreaming? CalPERS Seeks Payment in Full of All Pension Obligations During Pendency of San Bernardino’s Chapter 9 Case

California has seen a string of three Chapter 9 filings this year and faces a long line of distressed municipalities. Given this backdrop, the California Public Employees’ Retirement System (“CalPERS”) figures to play a...more

Labor Issues on Tap for U.S. Bankruptcy Commission

This Reuters Article features Bernstein Shur Attorney Robert Keach. Dec 3 (Reuters) - A commission to explore major changes to U.S. bankruptcy rules said on Monday that labor and benefits will be key issues during a host...more

PBGC Announces Formal Policy Reducing Impact of ERISA Section 4062(e) on Creditworthy Plan Sponsors

The Pension Benefit Guaranty Corporation (PBGC) has announced a new pilot program that should substantially modify its enforcement strategy regarding pension liability for facility closures under ERISA Section 4062(e). Under...more

Self-Funded Plans Need to be Careful in Enforcing Subrogation Rights

A recent Eighth Circuit Court of Appeals decision considered the situation of a participant covered under a self-funded ERISA plan who sustained injuries in a slip and fall accident. The plan paid health benefits for that...more

Pennsylvania Legislature Restores Jurisdiction of Act 47 over Interest Arbitration Awards

Governor Corbett last week signed SB 1321, which requires that Act 111 interest arbitration awards comply with a municipality’s Financial Recovery Plan under the Municipalities Financial Recovery Act (Act 47). The law becomes...more

The Apellate Process Explained - Kathi Sandweiss discusses the appeals process and what it can and can't do for your situation. [Video]

Kathi Sandweiss of the Arizona law firm Jaburg Wilk discusses the apellate process and explains how only the court record is reviewed for an appeal. The stakes run high in an appeal. That is when strength matters most and...more

First Bankruptcy Filed by a Public Pension Fund

On April 17, 2012, the Northern Mariana Islands Retirement Fund (the “Fund”) became the first United States public pension fund to seek formal bankruptcy protection. The Fund, which provides retirement benefits to government...more

What Bankruptcy has done for Vallejo

The city of Vallejo in California filed for bankruptcy protection in 2008. What has happened since then? How has the city fared financially? Let’s take a look. There are four labor unions in Vallejo that represent city...more

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