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January 5, 2012 Get Health & Welfare News  |  Advertise  |  Unsubscribe  |  Past Issues  |  Search

Employee Benefits Jobs

Client Service Manager
for The Newport Group in FL, NC, WI

Leader for Center of Excellence in the Pension Admin Group
for Towers Watson in MA

Implementation Specialist
for Benefit & Risk Management Services, Inc. in CA

DB Plan Administrator
for Growth Oriented TPA Firm in NY

Sr. Retirement Plan Administrator
for Growth Oriented TPA Firm in RI

Actuarial Associate - Annuity Product Development
for Prudential in CT

Senior Pension Benefits Analyst
for Stratus Technology Services in CT, MA, NH, NJ, NY, PA, RI

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Webcasts and Conferences

Design and Taxation of Low and No Cost Fringe Benefits: De Minimis, No-Additional-Cost, Transportation, and Other Budget-Friendly Benefits
Nationwide on January 26, 2012 presented by Thomson Reuters / EBIA

Legislative Update: Health & Welfare Plans
Nationwide on March 15, 2012 presented by TRI-AD

Legislative Update: Retirement Plans
Nationwide on January 26, 2012 presented by TRI-AD

Mid-Sized Retirement & Healthcare Plan Management Conference San Francisco
in California on March 18, 2012 presented by University Conference Services

My Retirement Plan is Broken. What Do I Do Now?
in California on January 17, 2012 presented by Western Pension & Benefits Conference - San Diego Chapter


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[Official Guidance]
IRS Extends and Expands Relief, Seeks Comments on Puerto Rico Plans and Group Trusts (PDF)
"IRS Notice 2012-6, to be published on January 17, 2012, extends and expands the transition relief provided under Rev. Rul. 2011-1 and Rev. Rul. 2008-40 for certain retirement plans that qualify under the Puerto Rico Internal Revenue Code and group trusts holding investments by such Puerto Rico-qualified plans." (Sutherland Asbill & Brennan LLP)


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[Guidance Overview]
Deadline for Reporting Deferred Vested Retirement Benefits Is Fast-Approaching
"A plan administrator must also furnish each separated participant with deferred benefits an individual statement describing the participant's benefits and certify on the Form 8955-SSA that the plan has met this requirement." (von Briesen & Roper, s.c.)

[Guidance Overview]
Three Tips for Cycle A Determination Letter Filers
"Use the old Form 5300. . . . Make sure plan amendments are signed and dated. . . . If you detect a serious document problem, commence correction before you file." (Verrill Dana, LLP)

The President's Fiscal Commission and Social Security
"This video features Melissa Favreault, a senior fellow at the Urban Institute's Program on Retirement Policy, discussing the ways the Bowles-Simpson plan would change Social Security, who would be affected the most, and what the timeframe is for taking action." (Urban Institute)

Experimental Analysis of the Health and Well-Being Effects of a Non-Contributory Social Security Program
"Non-contributory social security programs have been implemented in at least 15 countries around the world. These are cash transfer programs aimed at poverty alleviation among the elderly population. Previous studies have found that these programs reduce poverty and inequality, while the health effects are less clear." (RAND via Social Science Research Network)

Ohio Public Employee 'Double-Dipping' Debate Resumes in Legislature
"The bill would prevent someone from collecting a pension check and a salary at the same time. So if a retiree returned to a public job, his or her pension payments would be set aside in a separate account. The employee would get those deferred payments when he or she leaves government employment for good." (The Columbus Dispatch)

Kansas Public Employees Retirement System Debate Looms As Legislature Must Deal with $8.3 Bil.lion Gap in Funding
"That is the pension system's 'unfunded actuarial liability' projected over the next 30 years — or, in plain English, how much more the system has to pay out than what it will likely take in." (The Topeka Capital-Journal)

[Opinion]
ASPPA/ACOPA Comments on Proposed Rule Relating to Benefit Determinations and Plan Valuations for Statutory Hybrid Plans
"ASPPA and ACOPA recommend that proposed regulations regarding section 4022 be temporary, effective only for plan terminations occurring before the effective date of final Treasury regulations regarding market rate of return. PBGC should re-propose these rules in a manner that is consistent with the final Treasury regulations after the final market rate of return regulations are issued." (American Society of Pension Professionals & Actuaries/ASPPA College of Pension Actuaries)

[Opinion]
Pension Padding by Connecticut Public Employees
"Armed with data from the comptroller's office, a recent published report focused on the recent retirement of 172 'hazardous-duty employees' (mostly corrections officer) who by contract may begin collecting their pension and lifetime health benefits at any age after only 20 years of service. That allows them to become pensioners in their 40s." (American-Republican Inc.)

Benefits in General; Executive Compensation

Employers Should Prepare for Some Tax Hikes in 2012
"Regardless of what Congress ultimately decides with the payroll tax, there are a couple of other taxes on the horizon that business owners need to be aware of. They include state and federal unemployment insurance taxes." (The Washington Post; free registration required)

Press Releases



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