Sentences with phrase «of pension beneficiaries»

It follows that before entering into an analysis of the fiduciary duties of an employer as administrator of a pension plan under the PBA, it is necessary to consider the position and characteristics of the pension beneficiaries.

Not exact matches

He also supported a robust pension reform plan in 2011 that raised the retirement age and eliminated cost - of - living adjustments for beneficiaries.

We represent some of America's largest corporations, as well as investment managers, that, as fiduciaries, represent millions of individual savers and pension beneficiaries.

Some 70 % of shares in U.S. - listed companies today are held by mutual funds, pension funds, insurance companies, sovereign funds, and other institutional investors, which manage them on behalf of beneficiaries such as households, pensioners, policy holders, and governments.

Latest case in point comes from a NY Times report that de Blasio is trying to strong - arm trustees of NYC employee pension funds — who are supposed to be fiduciaries of their beneficiaries, not mayoral rubber stamps — into divesting from oil stocks:

Every pension fund he studied is a monthly net seller of assets in order to fund beneficiary payouts — i.e. the cash contributions from current payees into the fund plus investment returns on capital is not enough to fund current beneficiary payouts.

Every pension fund under the sun in this country — because rates are so low — has monthly negative outflows of cash: beneficiaries are being paid more money than is flowing into the fund.

If the status quo in the markets were to continue for the foreseeable future — which it won't — pensions funds will run out of cash to pay beneficiaries well in advance of the «foreseeable future.»

But with the example of the Dallas pension fund above, if the beneficiaries are allowed to withdraw all of their money, the fund will have to unload its illiquid private equity investments to meet the outflow requests.

Before the establishment of survivors» benefits, needy widowed mothers with children had to rely on state - run Mother's Pension programs.56 These programs scrutinized beneficiaries closely and were often administered to deny aid to women of color or women with objectionable morals or lifestyles.57 In contrast to discretionary (and often discriminatory) mother's pensions, survivors» benefits uniformly extended coverage to widows of insured workers who were caring for a child under the age of 18.58 There was no requirement of economic need.

«As fiduciary of the state pension fund, securing sound investments for the more than one million members, retirees and beneficiaries is my first priority.

The members of the state Legislature who pass such reforms would be conveniently exempt from the pension provision, as the state Constitution prohibits reduction of pension benefits for current beneficiaries.

Markstone Capital Partners founder, the beneficiary of the investment money, has agreed to return $ 18 million to the pension fund.

Given that administrators are the largest net beneficiaries of the current teacher pension system, it should come as no surprise that they are not at the barricades clamoring for change.

You see, my dad was an Ontario high - school teacher and the fortunate beneficiary of the famous defined benefit (DB) teachers» pension plan.

In an email, Service Canada said that in 2017, the maximum survivor's pension that can be received by beneficiaries over age 65 is $ 658.50 per month, although the average pension received by new beneficiaries in this age range was just $ 315.77 as of March 2017.

Pension and annuity distributions are usually made to retired employees, disabled employees and in some cases to the beneficiary of a deceased employee.

a pension being paid to a member who dies can only be transferred to a dependant beneficiary of that member

are still referenced as accepted wisdom regarding the Asset Location preferences of the beneficiaries of pension plans.

For a property and casualty insurance company, those liabilities are reserves for losses, while for pension plans and life companies, those liabilities are estimates of the amount and timing of future payments to be made to beneficiaries.

In subsequent years, it is based on the age of the dependant beneficiary who became automatically entitled to receive the pension upon the member's death.

In the case of public pension funds, investments are directed by municipal officials who often delegate the investment strategy and asset manager hiring recommendations to consultants, causing even greater divergence between the interests of beneficiaries and sponsor.

If a multiemployer pension plan applies under Kline - Miller, plan participants and beneficiaries will be notified of the application, including an estimate of their reduced benefits.

I'd argue that the majority who ARE confident are probably the beneficiaries of employer - sponsored Defined Benefit pension plans, ideally the kind of inflation - indexed ones that many public servants enjoy.

These regulations would affect participants, beneficiaries, sponsors, and administrators of defined benefit pension plans.

Your pension is the primary source of your income and you want to potentially leave something to your beneficiary.

Summary Plan Description (SPD)- A document that a plan administrator must provide to plan participants (and beneficiaries receiving benefits) that describes important features of the pension plan in plain language.

Please consider making a donation in your Will, or designating the Humane Society as the beneficiary of your life insurance policy or pension.

Planned giving brochures: The Heart of Planned Giving The Art of Planned Giving Transfer Your Value and Values Taking Refuge in a Trust Charitable Gift Annuities Gifts can also be made to DVIS when a donor designates DVIS as the beneficiary on their life insurance, IRA, or Pension Plan.

Retirement Plan Assets: Name the Parks Conservancy a beneficiary of your retirement plan asset, including individual retirement accounts (IRAs), pension plans, profit sharing plans, 401 (k) plans, and annuity plans.

In a motion filed at the Ontario Superior Court of Justice — Commercial List on August 11, 2017, the lawyer for Retirees of Sears Canada cited s. 57 (4) of the Pension Benefits Act (PBA) and s. 30 (7) of the Personal Property Security Act (PPSA) to create a deemed trust priority in favour of the beneficiaries of the pension plan over other assets of the emPension Benefits Act (PBA) and s. 30 (7) of the Personal Property Security Act (PPSA) to create a deemed trust priority in favour of the beneficiaries of the pension plan over other assets of the empension plan over other assets of the employer,

Andrew has advised many different participants in pension and benefit arrangements, including plan administrators, employers, boards of directors, trustees, insurance companies, investment managers and plan beneficiaries.

The South Central Pension Rights Project Staff Attorney is expected to fulfill the mission of Texas Legal Services Center and carry out the Pension Counseling and Information Program described in the U.S. Older Americans Act (42 U.S.C. 3020e — 1) by providing pension counseling and information services to participants and beneficiaries of employer sponsored pension and retirement savingsPension Rights Project Staff Attorney is expected to fulfill the mission of Texas Legal Services Center and carry out the Pension Counseling and Information Program described in the U.S. Older Americans Act (42 U.S.C. 3020e — 1) by providing pension counseling and information services to participants and beneficiaries of employer sponsored pension and retirement savingsPension Counseling and Information Program described in the U.S. Older Americans Act (42 U.S.C. 3020e — 1) by providing pension counseling and information services to participants and beneficiaries of employer sponsored pension and retirement savingspension counseling and information services to participants and beneficiaries of employer sponsored pension and retirement savingspension and retirement savings plans.

(4) Where a pension plan is wound up in whole or in part, an employer who is required to pay contributions to the pension fund shall be deemed to hold in trust for the beneficiaries of the pension plan an amount of money equal to employer contributions accrued to the date of the wind up but not yet due under the plan or regulations.

So, for example, he has been instructed to act for Lloyds» Bank in the high profile Guaranteed Minimum Pension litigation, and has recently been instructed as part of the Counsel team for the Representative Beneficiaries in the appeal to the Court of Appeal in IBM v Dalgleish.

IBM v Dalgleish [2018] IRLR 4, [2017] EWCA Civ 1212 John was one of a team of counsel acting for the Representative Beneficiaries in this pensions case which was heard over an almost unprecedented nine days in the Court of Appeal in May 2017.

I have a related question today: should people be able to use electronic means to designate beneficiaries of savings plans (pension plans, RRSPs, TFSAs etc.) or insurance policies?

Both sides cited cases which stand for the same basic proposition: A beneficiary has a proprietary interest in and is entitled to production of documents relating to advice sought and obtained by a trustee in connection with the administration or management of, for instance, a pension plan, or an estate (see Froese v. Montreal Trust Co. of Canada [1993] B.C.J. No. 1529 (S.C.), aff'd [1993] B.C.J. No. 1847 (C.A.); Re Ballard Estate [1994] O.J. No. 2281 (Gen. Div.)

But judges also have applied the exception to dismiss cases filed by the press secretary at a Roman Catholic church, a writer for The Christian Science Monitor, administrators at religious colleges, the disgruntled beneficiaries of a Lutheran pension fund, the overseer of the kosher kitchen at a Jewish nursing home and a co-founder of Focus on the Family, run by the conservative religious leader James C. Dobson.

At a very general level, this case raises the issue of how the law balances the interests of pension plan beneficiaries with those of other creditors.

Claim by beneficiary of pension fund against pension trustees, solicitor and accountants regarding pension planning and purchase of annuity.

``... [u] ntil [HF Pension Trustees] knew that they had received seriously incorrect advice which overlooked the need for propriety in exercising fiduciary powers, they did not know that the interests of their beneficiaries, the scheme members, were being prejudiced.

The administrators of the scheme denied Ms Brewster access to a survivor's pension on the basis that Mr McMullan had not completed a form nominating her as beneficiary, despite the fact that she satisfied all other conditions imposed by the regulations.

However, the United Steelworkers (USW), which represented Indalex's unionized workforce and certain pension beneficiaries, and a group of former executives receiving pension benefits, argued that Indalex's obligation to fund its pension wind - up deficiencies ranked higher in priority than Indalex's obligation to repay its debtor - in - possession (DIP) financing.

They did not know that what had happened was not a more or less technical reorganisation of two pension schemes, but an improper abstraction of funds which might (if the tax was not recovered) deprive their beneficiaries of over # 7m.

The Court of Appeal found that under the PBSA, the Appellant's survivorship interest in the pension plan vested in July 2002 when Mr. Tarr irrevocably elected a joint pension with her as the beneficiary of the survivorship interest and commenced receipt of his pension.

The Court declined to determine whether the owner of a survivorship interest could effectively waive that interest to create a trust in favour of the pension plan member's beneficiaries.

A death benefit is a payment to the beneficiary on an annuity, pension, or life insurance policy upon the death of the annuitant or policyholder.

You can build your retirement corpus as per your risk appetite and on completion of the specified period, a certain amount of money is paid to the insured / beneficiary in the form of pension, monthly, half - yearly, or annually.

Death Benefit: insurance or pension money payable to a beneficiary of a deceased insured on a tax - exempt basis