GASB 68 Employer Allocation for NYSERS Report
Learn about the GASB68 report and how it will affect you.
Sep 21, 2015
New York State has the third largest pension fund in the United States with $184.5 billion in audited net assets (March 31, 2015) held in trust for pension benefits. There are...
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Reports Highlight Serious Concerns with Multiemployer Pension Plan Funding
The funded status of the US multiemployer pension plan (MEPP) system continues to be an area of concern. Read more and find out how BPAS can help you.
Sep 08, 2015
The funded status of the US multiemployer pension plan (MEPP) system continues to be an area of concern. There are roughly 1,200 plans in the system covering 10 million participants and...
Read moreIRS Release Prohibits Defined Benefit Lump-Sum Annuity Buy Outs
This notice prohibits a sponsor of a defined benefit (DB) pension plan from offering a lump sum to a retired participant. Read more.
Jul 20, 2015
On July 9, 2015, the IRS issued Notice 2015-49, “Use of Lump Sum Payments to Replace Lifetime Income Being Received by Retirees Under Defined Benefit Pension Plans.” This notice prohibits a...
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