Connecticut’s Democratic Governor Dan Malloy has signed into law new protections for retiree participants of pension plans that have been de-risked by their employers.
The law will restore retirees’ protections from creditors that were lost subsequent to de-risking.
ERISA-qualified retirement accounts generally protect participants’ retirement assets from creditors.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
