| BenefitsLink Retirement Plans Newsletter |   |
April 22, 2003 - 13,101 subscribers
Today's sponsor: APSCREEN, Employee Locator
(Click on company name or banner to learn more.)
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(Please visit our sponsors. We try to make sure their products and services will be of interest to you. Thanks! --Editor)
Xerox to Take Charge Against Earnings for Cash Balance Plan Litigation
Excerpt: "Xerox Corp. said Monday it plans to record a first-quarter charge of $183 million, or 25 cents a share, for litigation involving its pension plan.... The pension plan is appealing a ruling made in September 2002 by the U.S. District Court for the Southern District of Illinois. A Xerox spokeswoman said the plaintiffs are challenging the method used to calculate lump-sum retirement benefits since 1990." (AP via the New York Times; one-time registration required)
Employment-Based Retirement and Pension Plan Participation: Geographic Differences and Trends
Summary of new Issue Brief. Excerpt: "This Issue Brief examines the level of participation by workers in employment-based pension or retirement plans. Their participation is examined for 2001 across various worker characteristics and those of their employers. The report then examines retirement plan participation across U.S. geographic regions ...' Full Issue Brief can be ordered at http://www.ebri.org/store/ebriib.htm (Employee Benefit Research Institute)
Links to Items on Executive Comp, Benefits in General
Philadelphia Woman Charged With Staging Death to Collect State Pension Plan's Death Benefit
Excerpt: "Charlotte J. Mears, 52, ... was arraigned Friday before a district justice in Harrisburg on charges including theft and forgery and was released on $25,000 bail, according to the state Attorney General's Office. She could not be reached for comment yesterday. Mears, who retired from the state Liquor Control Board in 1989, admitted creating a phony death certificate on a home computer, prosecutors said." (The Philadelphia Inquirer)
American Airlines CEO Does Damage Control
Excerpt: "The head of American Airlines launched a damage-control offensive yesterday as the carrier's second major labor union sought to throw out its vote approving a cost-cutting agreement that was aimed at staving off bankruptcy." (Washington Post)
Opinion: CEOs You Don't Want in the Cockpit
Excerpt: "It's a good thing that Donald J. Carty, the chairman and chief executive of American Airlines, doesn't also pilot one of its planes. If he did, and if the plane went into an uncontrolled dive and he handled it the same way he's running the company, he'd bail out as the plane fell to earth, drift dreamily down on a golden parachute, land lightly amid the carnage and give himself a nice cash bonus for coming through unscathed." (Washington Post)
Furious, American's Unions Talk of New Votes
Excerpt: "Still fuming over the failure of American Airlines to inform them of its compensation plans for senior management, all three of the company's major unions said yesterday that they would vote again or were considering voting again on $1.62 billion in annual concessions that their members had approved last week." (New York Times; one-time registration required)
Newly Posted or Renewed Job Openings
Pension Sales Design Specialist
for American National Insurance Company
in TX
Director II Client Services
for PFPC
in MD
Newly Posted Conferences
(Post Yours!)
Fundamentals of 401(k) Plans (2 Day Seminar)--offered throughout the country, various dates and locations beginning 6/5-6 through 7/24-25
in CA, CO, MA, MI, MN, MO, NC, TX
July 24, 2003
SunGard Corbel
Fundamentals of 401(k) Plans--Minneapolis, MN 6/5-6/2003
in MN
June 5, 2003
SunGard Corbel
Fundamentals of 401(k) Plans--Los Angeles area 6/12-13/2003
in CA
June 12, 2003
SunGard Corbel
Fundamentals of 401(k) Plans--Dallas, TX 6/19-20/2003
in TX
June 19, 2003
SunGard Corbel
Fundamentals of 401(k) Plans--Kansas City, MO 6/26-27/2003
in MO
June 26, 2003
SunGard Corbel
Fundamentals of 401(k) Plans--Charlotte, NC 7/10-11/2003
in NC
July 10, 2003
SunGard Corbel
Fundamentals of 401(k) Plans--Detroit, MI 7/17-18/2003
in MI
July 17, 2003
SunGard Corbel
Fundamentals of 401(k) Plans--Boston, MA 7/17-18/2003
in MA
July 17, 2003
SunGard Corbel
Fundamentals of Qualified Plans--St. Louis, MO 6/5-6/2003
in MO
June 5, 2003
SunGard Corbel
Fundamentals of Qualified Plans (2 Day Seminar)--offered throughout the country, various dates and locations, beginning 6/5-6 through 7/23-24/2003
in CA, GA, IL, MO, OH, PA, TX, WA
July 23, 2003
SunGard Corbel
Fundamentals of Qualified Plans--Seattle, WA 6/12-13
in WA
June 12, 2003
SunGard Corbel
Fundamentals of Qualified Plans--Atlanta, GA 6/19-20
in GA
June 19, 2003
SunGard Corbel
Fundamentals of Qualified Plans--Houston, TX 6/26-27
in TX
June 26, 2003
SunGard Corbel
Fundamentals of Qualified Plans--San Francisco, CA 7/10-11
in CA
July 10, 2003
SunGard Corbel
Fundamentals of Qualified Plans--Philadelphia, PA 7/10-11
in PA
July 10, 2003
SunGard Corbel
Fundamentals of Qualified Plans--Chicago, IL 7/17-18
in IL
July 17, 2003
SunGard Corbel
Fundamentals of Qualified Plans--Cleveland, OH 7/23-24
in OH
July 23, 2003
SunGard Corbel
Newly Posted Press Releases
(Post Yours!)
DataPath Announces Release Of Latest Web Site: www.hra105.com
(DataPath, Inc.)
Jared Gross Named Special Assistant to PBGC Executive Director
(Pension Benefit Guaranty Corporation)
Labor Dept. Obtains Court Order Restoring Contributions to Participants in Michigan Health and Flexible Spending Plans
(U.S. Department of Labor, Office of Public Affairs, Chicago)
CNA Develops Four-in-One, One-of-a-Kind Approach to Non-Medical Insurance Coverage
(CNA)
Handy Links:
- View Today's Active Message Threads
- Search BenefitsLink
- Using the Web for Employee Benefits Research
- Employee Benefits Library
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