If this message looks garbled to you or if the headlines in this message don't connect you to Web pages when you click on , please request the "plain text" version of this newsletter ("Retirement Plans Edition") by emailing your request to publisher Dave Baker at davebaker@benefitslink.com
The BenefitsLink Newsletter -
Retirement Plans Edition

Today's sponsor is PensionOnline.com
(click on banner for more information)

September 14, 2000

Retirement Proposals Won't Aid Workers
Excerpt: "Is the average American going to be helped if Congress lets contribute more money to a retirement plan? Naturally, Congress says 'yes.' ... But these deductions won't be spread equitably over the work force. The bills primarily help the people who can afford to put more than the current maximum into their plans." (Jane Bryant Quinn, in the Seattle Post-Intelligencer)

Retirement Security and Savings Act: Side-by-Side Comparison
(American Society of Pension Actuaries - www.aspa.org)

Survey of Online Pension Program Vendors
(Business Week)

On New Interactive Web Site, Employer Can Create Individualized Retirement Plan
Excerpt: "Help is available at a new Web site (http://www.selectaretirementplan.org) launched as a joint effort of the U.S. Chamber of Commerce, Merrill Lynch, the U.S. Small Business Administration and the Department of Labor." (Los Angeles Times)

State Retirement System Web Sites
Did you know that retirement systems in every one of the 50 states now maintain Web sites? Check out this newly revised and updated list. (Calhoun Law Group, P.C.)

America's Only Pension Fund For Retired Boxers Running Dry
Excerpt: "California's pension fund for retired boxers is running out of money. The 18-year-old program, the only one of its kind in the United States, has seen its reserves reduced..." (Associated Press)

ERISA Investment Advice Bill Summarized by Groom Law Group
(Groom Law Group)

Key Provisions of Final IRS Regulations on Section 411(d)(6) Anti-Cutback Rules (PDF)
(Kilpatrick Stockton LLP)

(Following also appears in Welfare Plans Edition)

Another Question is Answered in Our ERISA Q&A Column
Are there rules in ERISA with respect to an employer's obligation to respond within a certain time frame to an employee's inquiries about benefit-related issues (incorrect coverage category, payroll refunds, etc.)? (BenefitsLink.com)

Employee Inquiry Is Key to Employer's Fiduciary Disclosure Obligation, Court Rules
Excerpt: "An employer is required to provide 'complete and truthful information' about potential plan changes if a plan participant inquires about these changes, but the employer is not required to volunteer this information prior to final adoption of new provisions, according to a recent ruling by the full 9th U.S. Circuit Court of Appeals. The case is Bins v. Exxon Company U.S.A." (Thompson Publishing Group)

Blair Brininger's Summary of Principal ERISA Cases in the U.S. Courts of Appeal - June 2000 Update
(Blair Brininger, P.C.)

PWBA Seeks Public Comment on ERISA Fiduciary Duty to Disclose -- More Regs, Laws Needed?
Excerpt: "This document requests information from the public concerning disclosure obligations of fiduciaries of employee benefit plans governed by ERISA ... [particularly] the effect on employee benefit plans and employers of recent rulings of the United States Supreme Court and federal circuit courts regarding the extent of an ERISA fiduciary's duty to disclose information to participants and beneficiaries in addition to the specific disclosure requirements imposed under ERISA." (U.S. Department of Labor)

Job Openings Newly Posted or Reposted on EmployeeBenefitsJobs.com

401(k)/DC Plan Administratorfor Pension Benefits, Inc.
in PA
Assistant Manager of Daily Processingfor DailyAccess.com
in AL
Defined Contribution - OmniPlan Power Userfor The Ross Companies
in NY
DB Pension Representativefor Third-Party Administrator
in WA
Communications Consultantfor The Segal Company
in CO
Product Support Managerfor Pensiononline.com
Defined Contribution Plan Administratorfor The Ross Companies
in NY
Benefits Administratorfor Milliman & Robertson Inc.
in WA
Account Managerfor Watson Wyatt & Company
in OH

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
BenefitsLink logo
Looking for a speaker for your benefits group? Want to throw your hat into the ring? Free.

Need personnel? It's like fishing in a barrel here.

Need a benefits job? Sort the openings by their distance away from you.

Exchange questions and tips with colleagues. Co-sponsored by us and several employee benefits organizations.

Promotions and new personnel in the employee benefits community.

Experts field questions online, submitted by readers via email.

View by location, by sponsoring organization, or by date.

Largest listing of benefits software on the net: descriptions, downloads.

Ads are our sole source of support. No subscription fees!


Copyright 2000 BenefitsLink.com, Inc. All rights reserved. BenefitsLink is a trademark of BenefitsLink.com, Inc.