For background, actuaries generally use mortality assumptions when determining the value of pension liabilities. Under the Code, specific rules must be followed with regard to the mortality ...
The suit against fiduciaries of a Huntington Ingalls Industries pension plan has reached a settlement that includes a $2.8 million payment. Huntington Ingalls Industries has agreed to pay $2.8 million ...
The first major settlement of a lawsuit challenging the mortality assumptions used to calculate pension plan benefits was announced earlier this year. According to court filings in Cruz v. Raytheon ...
Raytheon Co. agreed to pay $59.2 million to settle an ERISA complaint filed by a retiree who accused the company and fiduciaries of using an outdated mortality table to improperly calculate retirement ...
A participant in a Sprint Communications LLC defined benefit plan sued the company and plan fiduciaries alleging the plan used out-of-date mortality tables and improper interest rates to calculate ...
Ruark Consulting, LLC today released new industry mortality tables for variable annuity (VA) and fixed indexed annuity (FIA) products. The tables are derived from the company’s 2018 studies of VA and ...
The IRS recently released Notice 2023-73, which contains a mortality table for use in determining minimum present value under IRC Section 417(e)(3) and Section 205(g)(3) of ERISA for distributions ...
SIMSBURY, Conn.--(BUSINESS WIRE)--Ruark Consulting, LLC today released new industry mortality tables for variable annuity (VA) and fixed indexed annuity (FIA) products. The tables are derived from the ...
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