Taxation & Estate Planning

Four firms get $500,000 to undo pension deal with O.C. deputies
Orange County has paid over $500,000 to four law firms to help invalidate their pension agreement with the sheriff's deputies, the Los Angeles Times reported. The 2001 pension deal allows deputies to retire at 50 with $70,000 annual pension...

IRS Discusses 3 Accrual Rules of 411(b)(1) in Rev. Rev. 2008-7
On Friday, the IRS issued Revenue Ruling 2008-7, discussing the backloading rules for pension plans and Code section 411(b)(1). In 21 pages, the IRS provides an analysis of a traditional pension plan which converted into a cash balance pension plan prior to the effective date of the new conversion requirements under the Pension Protection [...

Sponsorship of Shareholder Proposals
A recent Investment Company Institute report revealed that sponsorship of shareholder proposals was relatively concentrated in the hands of a...

New York Lawyers Sue Atty General and Comptroller Over Pension Probe
If you live in New York, you must be aware of the alleged pension scam where by several lawyers were put on the payroll of school districts in order to be eligible for a public pension...

Pension plan funding ratios decline precipitously
The funding ratio of a typical US pension scheme has fallen by nearly a quarter in the past nine months, suffering from a combination of volatile equity markets and declining interest rates...

HM Revenue sued over pension scheme tax
The National Association of Pension Funds (NAPF) has teamed up with a private pension scheme that manages the retirement savings of Ford, Jaguar and Land Rover workers to bring a £300 million legal challenge against the Government’s policy of charging VAT on investment management fees.

ERISA Pension Benefits after Termination
Employee Retirement Income Security Act of 1974

Retired Steel Workers Win Pension Benefits Class Action for $51 Million
Retired Steel Workers Win Pension Benefits Class Action for $51 Million

Nortel
faces class action over changes to employee pension plan

Yellow Freight Pension Plan
alleging ERISA violations

AIG Agrees $725 Million Settlement in Pension Funds Class Action
AIG Agrees $725 Million Settlement in Pension Funds Class Action

WaMu Cash Balance Pension Plan - Partial Preliminary Settlement
WaMu Cash Balance Pension Plan Partial Preliminary Settlement