Exemptions, Retirement

Federal Court Finds Pension Plan “Established” by Hospital Authority is Exempt from ERISA

Nelson Mullins Riley & Scarborough LLP on 8/22/2024

The case involves a dispute over the sponsorship and funding obligations for a pension plan formed by a Hospital Authority in Georgia. Our...more

"Forced Retirement" and Employers' Obligations Under ADEA

Parker Poe Adams & Bernstein LLP on 10/21/2022

The Age Discrimination in Employment Act (ADEA) prohibits employers from discriminating against or discharging any individual because of such person’s age. There is, however, a narrow exemption to this prohibition for...more

Compliance with PTE 2020-02: Mitigating Conflicts of Interest

Faegre Drinker Biddle & Reath LLP on 7/27/2022

The DOL’s prohibited transaction exemption (PTE) 2020-02 (Improving Investment Advice for Workers & Retirees), allows broker-dealers and their registered representatives (advisors) to receive conflicted compensation resulting...more

Employee's objection period only two weeks against an industry-wide pension fund exemption decision

Hogan Lovells on 4/16/2019

Dutch labor law provides (in Article 7: 686a of the Dutch Civil Code) for relatively short (expiry) periods for submitting a petition by an employee. ...more

Department of Labor Rule Paves the Way for State-Run Retirement Plans

Carlton Fields on 10/26/2016

On August 24, the United States Department of Labor (DOL) announced a final rule governing the exemption of state-run retirement plans from the Employee Retirement Income Security Act (ERISA). Over 30 states have either...more

Maryland Enacts Mandatory Private-Sector Retirement Program That Impacts Most Maryland Employers

Baker Donelson on 6/28/2016

Maryland joins California, Connecticut, Illinois, and Oregon in leading state initiatives to set up state-sponsored retirement plans for employees. The Maryland Small Business Retirement Savings Program and Trust (“the...more