PENSIONS
Bill 55, which got passed on June 20, 2012, includes the following pension law changes:
- Clarification of entitlement of retired members receiving joint and survivor pensions when their spouse dies first
- Stipulation that letters of credit not available to jointly sponsored or multi-employer pension plans
- Authority of Superintendent to make plan administrators furnish additional disclosure to persons entitled to notice upon wind-up
- Clarification of requirements for asset transfers between defined contribution plans.
Loading ...
