| BenefitsLink Retirement Plans Newsletter |   |
April 29, 2003 - 13,144 subscribers
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"DOL's Proposed FLSA Exemption Changes" audio conference 5/1/03 * 2:00 p.m. ET Are you ready for lengthy personnel audits? Ready to reevaluate wage and hour decisions? Ready to rethink current payroll systems? Have you started considering how your compensation practices, personnel policies and employee manuals should be changed if/when the proposed regulations become final? Two leading employment law/FLSA experts, Daniel B. Abrahams, Esq., and Shlomo D. Katz, Esq., will bring you up-to-speed with the answers to these questions and more.
(Please visit our sponsors. We try to make sure their products and services will be of interest to you. Thanks! --Editor)
Daily Val System for Federal Thrift Savings Plan Scheduled to Debut in June
Excerpt: "Participants in the 401k-style Thrift Savings Plan should be able to access their balances and other information online by mid-June, according to TSP officials. Testing to verify that the much-delayed new system can handle large numbers of TSP transactions simultaneously is complete ..." (GovExec.com)
Lawsuit Accuses Sprint Retirement Plans of Being Invested Too Heavily in Company Stock
Excerpt: "The lawsuit alleges that the company and individual defendants were negligent for permitting retirement plans to include Sprint's FON and PCS tracking stocks as investment options and for investing the retirement plans' assets in the stocks after they were no longer 'prudent' investments." (The Kansas City [Mo.] Star via NewsAlert.com)
Universal Pensions in Mauritius: Lessons for the Rest of Us (PDF)
27 pages. Excerpt: "That the Government of Mauritius provides nearly every resident over the age of 60 with a non-contributory, basic pension is one of the best-kept secrets in the world. The scheme dates from 1950 and became universal in 1958, following abolition of a means test. Remarkably, introduction of a compulsory, contributory scheme for workers in the private sector appears to have strengthened the non-contributory regime without affecting its universality." (Larry Willmore of the United Nations)
Social Security Administration Seeking Deputy Associate Commissioner for Retirement Policy
Excerpt: "Full deputy and alter ego to the Associate Commissioner responsible for collaboration in all functions of the office's program including planning, formulation, adoption and executive of policies, objectives and goals relating to development of social insurance, financing and economic policy for agency and conducts broad analyses of major social/economic trends and impact on social insurance policies." (USAJobs)
Links to Items on Executive Comp, Benefits in General
Reading a CEO's Paycheck
Excerpt: "Spring is in the air, and that means reporters are sifting through corporate America's annual reports. They're finding-- you guessed it-- fat pay packages for chief executives in 2002, despite dismal earnings and massive layoffs at many companies. [But] CEO pay declined 33 percent in 2002, to $7.4 million on average." (BusinessWeek Online via MSNBC.com)
Daily Benefits News from Canada Available Online from Benefits and Pensions Monitor
From Toronto. (Benefits and Pensions Monitor)
Eli Lilly Shareholders Reject Stock Option Expensing Proposal
Excerpt: "The proposal at Lilly's meeting was presented by the Massachusetts Carpenters Pension & Annuity Funds, a Lilly investor group." (AP via SFGate.com)
Newly Posted or Renewed Job Openings
Lead - Benefit Administrator
for Del Monte Foods
in CA
Compliance Consultant, Defined Contribution Services
for Franklin Templeton Investments
in CA
Senior Financial Analyst
for The Nolan Financial Group
in DC, MD
Senior Human Resources Analyst
for County of Riverside
in CA
Benefits Administrator
for Vinings Mellon
in GA
Paralegal / Pension Administrator
for Iris Bashi Associates, LLC
in NJ
Newly Posted Press Releases
(Post Yours!)
Keenan & Associates Launches Keenan NOW Online News and Information Service
(Keenan & Associates)
FPR Campaign Launched In April BPM
(Benefits and Pensions Monitor)
The 412iCompany launches First Boot Camp on 412i Plans
(The 412iCompany)
Handy Links:
- View Today's Active Message Threads
- Search BenefitsLink
- Using the Web for Employee Benefits Research
- Employee Benefits Library
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