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The BenefitsLink Newsletter -
Retirement Plans Edition November 8, 2000
Actuaries to Gore: Stop Using Our Name and Logo in Advertisements Press release, issued November 7. Excerpt: "In addition we ask that Vice President Gore stop using the following characterization of the Academy's analysis: "The American Academy of Actuaries looked at his (Bush's) plan and concluded it would lead to catastrophic results..." This characterization of the Academy's analysis by Vice President Gore is erroneous.'" (American Academy of Actuaries) Helping Banks Meet 401(k) Service Demand Excerpt: "Technology-driven value-added services such as portfolio management, education, and loan access are considered what will enable banks and other institutions to grow in the retirement plan market. And such services have not yet become ubiquitous, according to a survey by Deloitte & Touche." (Thomson Financial Media) 401(k) Savings: Don't Leave Work Without It (USA Today) (Following also appears in Welfare Plans Edition) Ellen Schultz: Firm Deceived Retirees To Lower Benefit Costs Excerpt: "Obtained by retirees suing [Varity Corp.], but never before made public, the documents are rarely seen blueprints that show how one company, aided by its benefits consultants, plotted to sharply reduce retiree medical coverage to give its balance sheet a boost." (Wall Street Journal)
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