Retirement Regulation

The Protecting Employees and Retirees in Business Bankruptcies Act “would ensure that all employees, not just C-suite executives, receive the benefits they were promised,” said Senator Dick Durbin.

In his first speech since leaving the presidency, Joe Biden spoke last night of Trump’s “damage and destruction” to the Social Security Administration, while the White House announced yesterday that Trump will always protect Social Security benefits.

The Department of Labor has requested an additional 60 days so that it can consider next steps in regard to two court challenges to its controversial fiduciary rule, which has been on hold since last year.

The telecom giant is one of the latest employers to get sued for using forfeited plan funds from departed employees to pay administrative expenses, in violation of ERISA duties.

Financial professionals see potential for further annuity growth, but educating clients and employers is key, according to Nationwide surveys.

Following the administration’s tariff announcement, approximately $169 billion was lost during the April 3-8 trading day period (and $248.8 billion in assets in 2025), according to the non-profit pension fund institution.