Retirement Plans Edition
This issue is sponsored by 401kExchange.com
(click on banner for more information)
July 7 - 11, 2000
Borrowing From the Future: 401(k) Plan Loans Can Be Hazardous to Your Wealth
Excerpt: "So allowing 401(k) loans seems like a good deal for everyone, boosting 401(k) contributions while reassuring employees that they can get at their money if they really need it. But there are catches." (HR Magazine)
The 403(b)ill of Rights
Excerpt: "Amendment 1. Right to Quality Investment Choices School districts and other non-profit places of employment must offer a variety of quality, low-fee 403(b) investment choices to all their workers. Investment options must include, but not be limited to, no-load annuities, and no-load mutual funds spread among a broad range of asset classes." (403bWise.com)
Cleveland-Based Electrolux Subsidiary Agrees to Concessions in PBGC Benefits Dispute
Excerpt: "Federal regulators who waged a nine-year war with White Consolidated Industries over pensions covering 5,000 workers say peace -- and reparations -- are in sight." (Knight-Ridder / Tribune Business News)
Putnam Investments Unveils New Corporate Benefits Portal for Plan Sponsors and Participants
Excerpt: "Putnam will offer the portal to its 2,500 retirement plans, which represent more than 2 million users. Putnam will build, host and maintain the benefits portal on behalf of each corporate plan." (Business Wire, via Yahoo! Finance)
ICMA Picks Standard & Poor's Retirement Services for Online Investment Education and Advice
Excerpt: "The International City/County Management Association Retirement Corporation (ICMA-RC), a 28-year-old non-profit provider of portable retirement plans for government employers, has selected Standard & Poor's, a division of the McGraw-Hill Companies (NYSE: MHP), to provide investment education and advice to state and local employees in more than 5,500 government organizations nationwide." (PR Newswire)
7th Cir: Employee Not Entitled To "Double-Credit" For Service Under Two Defined Benefit Plans
Excerpt: "The Seventh Circuit went on to conclude, 'Although World Color Press might have been negligent in listing the wrong start date on his forms, a claim will not lie for every false statement reasonably and detrimentally relied upon by an unwitting plaintiff.'" (Spencernet)
State of Minnesota Sued by Teachers Over Irrevocability of Benefit Elections
Excerpt: "Several Minnesota public school teachers, on behalf of themselves and thousands of their colleagues, filed a lawsuit today against the Teachers Retirement Association -- an agency of the State of Minnesota -- and the State of Minnesota in an effort to equitably resolve pension related issues dating back to 1968-69." (PR Newswire, via news.excite.com)
A Unified Analysis Of Executive Pay In The Financial Sector
Excerpt: "This study examines executive compensation determinants in the U.S. financial services sector." (Social Science Research Network)
Liberty Digital Leaves AT&T in Dust in CEO Pay
Excerpt: "As many big companies sell shares in their fastest-growing units to the public, the executives who lead those businesses are getting stock options in them. If the options explode in value, these one-time underlings can wind up making more than their former bosses. Case in point: Lee Masters, chief executive of Liberty Digital Inc." (Graef Crystal, on Bloomberg.com)
What Happens To Replacement Rates Over The Course of Retirement?
Excerpt: "As retirees age, they become isolated from the fruits of economic expansion. The paradoxical result is a Social Security (and private pension) system that pays greater benefits to age groups who need them less and smaller benefits to those who need them more." (Urban Institute)
Subscribe to the Welfare Plans Edition, too (click)
Copyright 2000 BenefitsLink.com, Inc.
Feel free to forward this email to friends, colleagues or clients, if no fee is paid to you and the email is forwarded in its entirety. Thanks!
BenefitsLink is a trademark of BenefitsLink.com, Inc., published by Dave Baker with much help from Mary Hall and lots of friends.
To subscribe (free): visit https://benefitslink.com/newsletter - or the person desiring to subscribe can send an email to listmanager@postmastergeneral.com, with this as the subject of the email: subscribe BLretirement
We have an online archive of prior issues at
http://www.postmastergeneral.com/cgi-bin/archive.pl?list=BLretirement
|
DEPARTMENTS
|
|
BENEFITS SPEAKERS
Looking for a speaker for your benefits group? Want to throw your hat into the ring? Free. _____________ BENEFITS CANDIDATES Need personnel? It's like fishing in a barrel here. _____________ BENEFITS JOBS Need a benefits job? Sort the openings by their distance away from you. _____________ BENEFITSBOARDS.NET Exchange questions and tips with colleagues. Co-sponsored by us and several employee benefits organizations. _____________ PROGRESSIONS Promotions and new personnel in the employee benefits community. _____________ Q&A COLUMNS Experts field questions online, submitted by readers via email. _____________ CONFERENCES View by location, by sponsoring organization, or by date. _____________ SOFTWARE Largest listing of benefits software on the net: descriptions, downloads. _____________ ADVERTISE Ads are our sole source of support. No subscription fees! _____________ CONTACT US Questions? Comments? Suggestions? Copyright 2000 BenefitsLink.com, Inc. All rights reserved. BenefitsLink is a trademark of BenefitsLink.com, Inc. |