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By Jeff Sloan and Susan Yoon, Renne Sloan Holtzman Sakai LLP In a groundbreaking decision issued in August, the California Court of Appeal shot down a constitutional challenge brought by employees and their unions against the Marin County Employees’ Retirement Association’s (MCERA) action to eliminate certain forms of “spiking” payments from being included in the […]
On August 17, 2006, President Bush signed the sweeping Pension Protection Act of 2006 (H.R. 4) into law. The bill, which is the most comprehensive overhaul of pension laws in 30 years, will: require employers to fully fund pensions, with time limits for funding shortfalls; encourage more employers to use automatic enrollment in 401(k) plans; […]
The U.S. Senate and House of Representatives have approved the Pension Protection Act of 2006. President Bush is expected to sign the measure, which is the most comprehensive overhaul of pension laws in 30 years.