[Guidance Overview]
Common Mistakes for EGTRRA Restatements
Excerpt: "[E]mployers should avoid the following common mistakes when adopting their EGTRRA Restatements: Wrong Plan Provisions. . . . Not Following Plan Procedures for Restatements. . . . Distribution of Incorrect Summary Plan Descriptions. . . ."
(McKenna Long & Aldridge LLP)

[Guidance Overview]
Employee Benefits Developments, March 2010
Excerpt: "A brief look at developments in Employee Benefits law from February and March 2010, including cases, rulings, and opinions."
(HodgsonRuss)

Florida's Pension Fund Shortfall Expected to Grow
Excerpt: "[P]lugging the multibillion-dollar deficit will require about a 40 percent hike in contributions from local governments stretched by declining revenues."
(Miami Herald)

Small Businesses Are Big Employers But Have Small Retirement Plans
Excerpt: "Retirement is inadequate for many small business owners and employees, according to two new studies."
(Christian Science Monitor)

California League of Cities Scrutinizes Public Pensions
Excerpt: "The league is considered the leading advocate for the common interests of California's cities. According to the Committee's Executive Director Dwight Stenbakken they acknowledged in January that the high cost of public pensions are 'a real problem, unsustainable, and need to be readjusted in whatever way they can.'"
(Beverly Hills Courier)

Overhauls to Illinois State Pension System Pass Both Houses
For new hires, normal retirement age is raised to 67, a cap is placed on considered compensation, and a limit is placed on annual payment increases.
(AP via New York Times; free registration required)

Time to Shine for Cash Balance Plans
Excerpt: "Most defined benefit pension sponsors are facing a financial slug in the gut this year in the form of a spike in required funding contributions resulting from the 2007-2008 stock market crash and the drop in interest rates. . . . Will this latest development ignite another uptick in conversions to hybrid pension designs that followed the enactment of the Pension Protection Act of 2006, the law that, among other things, validated the legitimacy of cash balance plans?"
(Employee Benefit News)

[Guidance Overview]
New Case Revives Hopes for Refunds of FICA Tax on RIF Severance Pay
Excerpt: "Employers who have made involuntary termination severance payments pursuant to a plan should consider filing protective refund claims. Time is of the essence for refunds of FICA taxes paid in 2006 because, in general, such claims must be filed no later than April 15, 2010. It should be noted, however, that the decision to file a claim may not be as clear cut as it was following the CSX trial court decision."
(Faegre & Benson)

[Guidance Overview]
IRS Publishes New Terminal Charge and SIFL Rates for Noncommercial Flights on Employer-Owned Aircraft
Excerpt: "For flights taken during the period from January 1, 2010, through June 30, 2010, the terminal charge is $40.28, and the SIFL rates are: $.2204 per mile for the first 500 miles; $.1680 per mile 501 through 1,500 miles; and $.1615 per mile over 1,500 miles."
(Wolters Kluwer CCH Tax News Headlines)

Back-to-Basics Series
Nationwide on April 8, 2010
presented by McKay Hochman Co.

ERISA Basics
in Illinois on May 19, 2010
presented by American Bar Association (ABA)

Health Care Reform Update
Nationwide on April 28, 2010
presented by Lorman Education Services

Health Care Reform Update Webcast
Nationwide on April 8, 2010
presented by International Foundation of Employee Benefit Plans

Obama's Healthcare Reform Bill: What it Means to Your Business Webcast
Nationwide on April 29, 2010
presented by Progressive Business Audio Conferences

Second Quarter Update
Nationwide on May 18, 2010
presented by McKay Hochman Co.

Second Quarter Update
Nationwide on May 19, 2010
presented by McKay Hochman Co.

The NTSAA 403(b) Compliance Resolution Summit
in Illinois on May 10, 2010
presented by National Tax Sheltered Accounts Association

Top-Heavy Rules, Keys, Family Attribution, Bonding
Nationwide on March 31, 2010
presented by McKay Hochman Co.

Click to post your webcast or conference

US Labor Department Issues Final Exemption to Allow New Health Plan for Ford Motor Co. Retirees to Acquire Company Securities
U.S. Department of Labor, Employee Benefits Security Administration (EBSA)

Statement of Assistant Secretary Phyllis C. Borzi on Health Care Reform
U.S. Department of Labor, Employee Benefits Security Administration (EBSA)

Great-West Announces Maxim Lifetime Funds Meet QDIA Standards
Great-West Retirement Services

Victory Capital Management Launches New Institutional Share Class
Victory Capital Management

New Survey: Employers Shifted More Costs in 2010
Wells Fargo

BPAS Creates Multiple Employer Trust Partnership with IMANA
BPAS

Click to post your press release

Installation/New Business Coordinator
for Ascensus
in MN

Account Executive
for DailyAccess Corporation
in MI

Third Party Plan Administrator / Qualified Retirement Plans
for Opening for experienced Retirement Plan TPA
in OH

Director, Learning and Development
for Prudential
in NJ

Click to post your job on EmployeeBenefitsJobs.com | View all jobs | RSS feed of all jobs

• View Today's Active Message Threads
• Using the Web for Employee Benefits Research (hypertext article)
• Employee Benefits Library

Sign-up form is at http://benefitslink.com/newsletter (free).

This email has been published by:
BenefitsLink.com, Inc.
1298 Minnesota Avenue, Suite H
Winter Park FL 32789
(407) 644-4146
Fax: (407) 644-2151

Jeanette Hull, News Editor
jeanette.hull@benefitslink.com

David Rhett Baker, J.D., Editor and Publisher
david.baker@benefitslink.com

Copyright 2010 BenefitsLink.com, Inc.; except that you can forward this email in full (including this boilerplate part) or otherwise reprint this email in full (including this boilerplate part) without obtaining our permission.

Anyone can receive these emails; just have them sign up at this web page: http://benefitslink.com/newsletter/

Other useful links:

• How to Sponsor an Issue
• Privacy Policy
• Archive of Previous Newsletters