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Kathryn Cimera

Kathryn Cimera concentrates her practice in the employee benefits area with a primary focus on retirement plans, including advising board members and plan administrators on fiduciary obligations and board governance best practices. Kathryn has experience in statutory compliance with respect to federal, state and local laws and helping employers and plan administrators navigate complex issues related to compliance. She also has extensive experience defending public and private employers in all types of employment matters in administrative proceedings and state and federal courts. Immediately prior to joining Bingham Greenebaum Doll, Kathryn served as general counsel for the Indiana Public Employees’ Retirement Fund. Kathryn also clerked at the Los Angeles County Employees Retirement Association from 1997 to 1999. Contact Kathryn.

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Posts by Kathryn Cimera

Public Defined Benefit Plans: Is the Sky Really Falling?

Have public defined benefit plans run their course, or is Chicken Little back at it again? The answer may not be clear cut. Public entities are under immense pressure to do more with less. Tax revenues are down and investment returns are still r generic viagra pills ecovering from the 2008 recession. The funding status of public defined benefit plans has dipped over the past few years causing concerns regarding the sustainability of some plans. According to the…

Labor Department Announces Do-Over on Fiduciary Definition Proposal

A collective sigh of relief was heard Monday from the financial services sector when the Department of Labor (DOL) announced that it was withdrawing its proposed new definition of a fiduciary under the Employee Retirement Security Income Act (ERISA). On Oct. 22, 2010, DOL proposed the new definition of “fiduciary” which met with significant and vocal opposition. DOL countered that the current definition of “fiduciary” under ERISA had not been updated since its enactment in 1975, and no longer…

Your Chance to Comment on New Proposed Health Care Regulations

The Departments of Health and Human Services, Labor and Treasury (the Departments) published a proposed rule under the Patient Protection and Affordable Care Act requiring group health plans covered under the Employee Retirement Income Security Act (ERISA) to provide a Summary of Benefits and Coverage (SBC) and a uniform glossary (glossary) to eligible participants. The proposed rule is open for public comment until Oct. 21, 2011, so take advantage of the opportunity to participate in the process and…