Sentences with phrase «pension beneficiaries»
"Pension beneficiaries" refers to individuals who receive money or benefits from someone's pension after that person retires or passes away. They are usually family members, such as spouses or children, who are entitled to receive financial support or other benefits from the pension. Full definition
They moved for a declaration that there were deemed trusts in favour of pension beneficiaries to the extent of the fund deficiencies and for orders for the release and payment of those amounts.
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«As a result, the brokers produce worse outcomes for their institutional investor clients — and therefore, for individual pension beneficiaries, mutual fund investors and insurance policy holders — and ill - gotten gains for the brokers,» Macey and Swensen concluded.
Without cutting benefits drastically or, in the case of public pension funds raising taxes steeply to cover pension beneficiary outflows, some public pensions will hit the wall within 12 - 24 months.
Stakeholders include the eventual pension beneficiaries, the pension sponsor that officially owns the assets, the future shareholders and taxpayers who are impacted if returns fail to match the pension return expectations, and so forth.
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.
As a result, the brokers produce worse outcomes for their institutional investor clients — and therefore, for individual pension beneficiaries, mutual fund investors and insurance policy holders — and ill - gotten gains for the brokers.
So this process of the brick - and - mortar meltdown that has already caused so much pain among employees, pension beneficiaries, creditors of all kinds, shareholders, mall owners, shoppers, and other stakeholders is far from over.
We represent some of America's largest corporations, as well as investment managers, that, as fiduciaries, represent millions of individual savers and pension beneficiaries.
MetLife said it is currently reviewing its processes and procedures for identifying unresponsive and missing international group annuity annuitants and pension beneficiaries.
If investment returns revert to the mean, and everybody lives to 100, I don't think the non-beneficiary state residents are going to gladly kick in extra taxes to make the pension beneficiaries whole.
It is usually painful to the pension beneficiary who will often feel very emotional about his or her pension.
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.
He had also not changed his pension beneficiary to his common law wife from his first wife and children — they received his death benefits.