The First Circuit recently ruled that an insurer owes a fiduciary duty to all employees enrolling in group benefit plans to verify eligibility for coverage at or near the time of enrollment under ERISA.
A new rule clarifies how and when fiduciaries of retirement plans subject to ERISA can make investment decisions that promote environmental, social, or governance (ESG) goals or otherwise reflect ESG considerations.
On October 14, 2022, the Pension Benefit Guaranty Corporation, the federal agency that insures and regulates private-sector defined benefit pension plans under Title IV of the ERISA, published a proposed rule governing employer withdrawal liability.
On July 8, 2022, the D.C. Circuit held that the assumptions used by a multiemployer defined benefit pension plan in calculating the amount of withdrawal liability owed by an exiting employer must reflect the actual and projected experience of the plan.
On January 27, 2022, the 2d Circuit joined the 3d, 7th, and 9th Circuits in applying the doctrine of successor liability to claims for withdrawal liability under the Employee Retirement Income Security Act.