Tuesday, March 16, 2021
For many years there has been concern that when pension plans collapse, it may in part be attributable to the failure of employer plan sponsors to conduct the selection and monitoring of actuarial assumptions in a prudent, objective manner. This is because the Employee Retirement Income Security Act of 1974 (ERISA) only requires the use of “reasonable” assumptions and “actuarial equivalents”; and because these terms are not defined in the statute, they could mean different things to different people, particularly to different actuaries.
Most recently, there have been challenges to the use of pension plan mortality assumptions and, in particular, claims alleging that the use of older mortality tables in connection with the calculation of joint and survivor benefits violates ERISA’s anti-cutback rule. These cases generally are settled, since winning a motion to dismiss is difficult when alleged violations depend on the meaning of the term �
UpdatedTue, Mar 16, 2021 at 6:43 pm ET
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Walmart has consistently had the most employees receiving SNAP benefits of any company in Massachusetts, according to state records. (Photo by Justin Sullivan/Getty Images)
First of a three-part series. This story was reported by Jimmy Bentley, Jenna Fisher, Neal McNamara and Alex Newman.
MASSACHUSETTS Some of the largest companies in the world employ the most people in Massachusetts receiving federal food assistance benefits, underscoring problems like low wages, low hours and a high cost of living.
The state Department of Transitional Assistance (DTA) provided Patch with five years worth of data naming the companies that employ the most workers receiving benefits under the Supplemental Nutrition Assistance Program (SNAP). Companies like Walmart, Stop & Shop, Target and Dollar Tree topped lists in each year of data we reviewed.
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About three-fifths of that new parking (up to 6,760 spaces) and nearly two-thirds of the housing (7,150 apartments) would be concentrated in East Boston as part of the Suffolk Downs development, which boasts direct access to two MBTA Blue Line stations. That project is expected to be built out in phases over the coming decade.
Outside the Suffolk Downs project, the BPDA approved 4,402 parking spaces, 5,197 new housing units, and 5 million square feet of space for com mercial, institutional, and other non-residential uses (for context, the massive Partners Healthcare headquarters building next to the Assembly Orange Line station in Somerville holds about 825,000 square feet of office space).
UMass Memorial Health Care has filed paperwork opposing Mass General Brigham's planned outpatient facility in Westborough, saying the Somerville-based health network hasn't demonstrated a need for the new medical office.
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