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The BenefitsLink Newsletter -
Retirement Plans Edition

October 23, 2000
Today's sponsor is Fortress Financial Group, Inc.
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ERIC: H.R. 1102 Should Be Enacted As Approved By Congress
Excerpt: "Even though the bill in its entirety enjoys overwhelming bipartisan support in Congress, the Department of the Treasury has continued to raise objections to numerous provisions of the bill. We strongly believe that the Treasury's objections are unwarranted, and that the Congress is correct in its overwhelming support for the provisions of H.R. 1102." (ERISA Industry Committee)

What Are They Doing Up There? Is There A States' Rights Revolution In The Supreme Court?
Excerpt: "On January 11, 2000, the Supreme Court issued its decision in Kimel v. Florida Board of Regents, 120 S. Ct. 631 (2000). Kimel affirmed an Eleventh Circuit Court of Appeals decision finding that the State of Florida had immunity from suit by a group of university librarians claiming violation of the Age Discrimination in Employment Act (ADEA). This case may have significant and wide reaching impact on pension liability under the ADEA and the Americans with Disabilities Act (ADA)." (National Conference on Public Employee Retirement Systems)

Employee Ownership Legislation Around the World
Excerpt: "The material that follows is in two parts ... a general overview of legislation specifically created to encourage employee ownership in various countries in the world[, and] a more detailed look at each country. This material is not an effort to catalog all the laws affecting employee ownership on a global basis. Instead, it is a compendium of legislation and government programs created specifically to encourage the development of broad-based employee ownership." (National Center for Employee Ownership)

DOL Issues New Small Pension Plan Audit Exemption Requirements
Excerpt: "For plan years beginning after April 21, 2001, the final regulation imposes two new requirements ... (i) in certain instances, a supplemental ERISA bond amount; and (ii) increased disclosures in a plan's summary annual report (SAR), and for individual account plans with participant directed investments, an annual account statement to each participant from the regulated bank or other institution holding that participant's assets." (EBIA Weekly)

France: The Difficult Path to a Consensual Reform (PDF)
Draft of chapter from upcoming book. Published online by the National Bureau of Economic Research. (Didier Blanchet, Florence Legros)

Hungarian Pension Reform: A Preliminary Assessment (PDF)
Draft of chapter from upcoming book. Published online by the National Bureau of Economic Research. (Roberto Rocha and Dimitri Vittas)

Romania's Pension System: From Crisis to Reform (PDF)
Draft of chapter for upcoming book, published online by National Bureau of Economic Research. (Georges de Menil, Eytan Sheshinksi)

Pension Reform: Issues in the Netherlands (PDF)
Draft of chapter for upcoming book, published online by National Bureau of Economic Research. (Jeroen J.M. Kremers)

Different Approaches to Pension Reform From An Economic Point of View (PDF)
Draft of chapter for upcoming book, published online by National Bureau of Economic Research. Excerpt: "The goal of this paper is to explain the nature of the problem faced by social security systems and then to describe the various approaches that might be used to address the problem, commenting on the economic features of each." (Jonathan Gruber and David K. Wise)

(Following also appears in Welfare Plans Edition)

EFAST-C: EFAST Participant Acceptance Testing Procedures (PDF)
October 6, 2000; 12 pages. (U.S. Department of Labor)

EFAST-B: Elec/Mag Media File Specs for Validation Criteria for Forms 5500 and 5500-EZ for 1999 (PDF)
October 6, 2000; 196 pages. (U.S. Department of Labor)

Job Openings Newly Posted or Reposted on EmployeeBenefitsJobs.com

Pension Administratorfor Ingham Group, 401(k) & Retirement Plan Service Provider (Coral Gables)
in FL
Executive Compensation & Benefits Consultantfor Clark Bardes Consulting/Compensation Resource Group, Inc
in CA, DC, GA, IL, NY, OH, TX
Director Product Developmentfor Emplanet
in MA
Marketing Assistantfor Investment/Financial Firm
in TX
Vice President of Salesfor The GlobalQuest Group
ERISA Employee Benefits Lawyerfor Lawson & Fields P.C.
in TX
Plan Consultantfor Diversifed Investment Advisors
in NY
401(k)/Pension Administratorfor Great Lakes Pension Administrators, Inc.
in MI
401(k) / Retirement Plan Administratorfor Sentinel Benefits Group, Inc.
in MA
Retirement / Health & Welfare Actuarial Sr. Consultantsfor Unifi Network/PricewaterhouseCoopers
in GA, IL

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