david rigby

Duplicate posting! http://benefitslink.com/boards/index.php?showtopic=31480&hl=

Most? Virtually all.

A few previous discussion threads on this topic, and we see that mjb is consistent in his opinion that such state statutes are pre-empted by ERISA. (My opinion on that is irrelevant.) What is relevant is the strong trend on the part of employers/plan sponsors to make sure they are not part of the "identity theft problem", and many are voluntarily finding ways to "mask" the social security number. This is a good thing, and should be encouraged.

Do you really want a reply, or is this just a rant? PBGC is probably not the only "gov'mint agency", but that may be irrelevant.

Plan with less than 10 lives. Submitted From 5310 in Oct 05. IRS requested more info first week of Jan 06. We were very surprised at that timeliness. (Not yet complete, but I expect no problems.)

Are you suggesting that the rate from 01/01/2006 to 09/15/2006 (for example, assuming a CY plan) would be different than the rate from 04/15/2005 to 12/31/2005? I'm not aware of that possibility.

Sorry, no further details are available. Or, in the words of Harlan Weller, "I couldn't say."

1.5! Wow. My experience is in the 1.0 range, and that was overpriced.

Are you suggesting those tasks are less wasteful than reading SARs?

The simple approach is to ask what is the unfunded current liability under IRC 412.

If experience is valid, it is worth only about 60%-75% of what the seller thinks it is.

Probably not wise to assume that "incarcerated" is equivalent to "lost" or "missing". Several other discussion threads on this topic. Try the Search feature, perhaps using keyword of "missing participant" or similar.

Possibly the DOL?

No specifics on the identity of the party(ies). However, the context of the rumor was "Asia".

That seems appropriate. Know any ERISA attorneys?

01/31/2006 MOODY'S DAILY LONG-TERM CORPORATE BOND YIELD AVERAGES Utilities Industrial Corporate Aaa NA* 5.39 5.39 Aa 5.59 5.50 5.55 A 5.84 5.92 5.88 Baa 6.15 6.46 6.31 Avg 5.86 5.82 5.84 MOODY'S DAILY TREASURY YIELD AVERAGES Short-Term (3-5 yrs): 4.48 Medium-Term (5-10 yrs): 4.53 Long-Term (10+ yrs): 4.71 MOODY'S DAILY PUBLIC UTILITY COMMON STOCK YIELD AVERAGES Price: 293.0 Yield: 3.69 New Dividend: 10.81

The principle s/b straightforward: you cannot get out of T-H requirements just because someone had a QDRO.

Anyone hear anything about a major firm outsourcing some/most of its actuarial work?

8. Waste time. http://benefitslink.com/boards/index.php?showtopic=31342&hl=

Any other plans?

For whom? Do buyer and seller want the same outcome? Need more facts.

See law (passed and signed I think) in December. Title was something like "Deficit Reduction Act of 2005". http://thomas.loc.gov/

If there are new facts, or new understanding of old facts, why not just re-submit the request? Might be more efficient than looking for other similar cases.

Remind me not to apply for a job there, or do business with that company.

Not sure it is that simple. I believe CB plans still had to be amended to comply. See original ERISA Sec. 211, especially subsection ©.