| The BenefitsLink Newsletter - Retirement Plans Edition |  |
February 20, 2001
Today's sponsor: The International Quality & Productivity Center (click)
BENEFITS 2001 CONGRESS: How to Increase Customer Satisfaction & Leverage Your Benefits Dollars March 26-27, 2001 Scottsdale, AZ For more information call 1-800-882-8684 or visit http://www.iqpc.com/b156benefits2001
Analysis: IRS Revamps Minimum Distribution Rules
Excerpt: "Our summary of the new proposals follows." (Groom Law Group)
GOP Won't Push 2001 IRA, 401(k) Changes
Excerpt: "Senate Banking Committee Chairman Phil Gramm last week dampened the financial services industry's hopes for new retirement savings incentives, saying the legislation would probably have to wait until next year. Industry lobbyists were disappointed that President Bush's $1.6 trillion tax-cut proposal does not call for increasing the ceilings on tax-deferred contributions to Individual Retirement Accounts and 401(k) accounts." (American Banker)
Summary: IRS Expands Correction Program for 2001
Excerpt: "The Internal Revenue Service (IRS) has revised and expanded the Employee Plans Compliance Resolution System (EPCRS). Released Jan. 19, Revenue Procedure 2001-17 modifies those procedures for EPCRS set out in Rev. Proc. 2000-16 released last year. The updated EPCRS system is effective May 1, 2001, but plan administrators may implement the new procedures now." (Thompson Publishing Group)
Opinion: Retirement Security Act is a Renewed Threat to Your 401(k)s
Excerpt: "Americans dodged a bullet in the waning days of the Clinton administration and the 106th Congress. But the new Congress is in the process of reloading its guns, and investors who are concerned about their retirement better get their defenses ready. The issue is the ill-named 'Retirement Security Act,' which, if passed into legislation, will make retirement anything but secure for many Americans." (New York Post)
Robert Tilove, Pension Expert, Dies at 86
Excerpt: "As a senior vice president of the Martin E. Segal Company, an actuarial and consulting firm, he helped shape the Employee Retirement Income Security Act, known as ERISA, in 1974 and federal legislation on union-management plans in 1980." (New York Times; free registration required)
Pension Expert Robert Tilove Dies
Excerpt: "Mr. Tilove was the author of 'Public Employee Pension Funds,' which the publication Pension World called an "authoritative and seminal work" in the field.... He retired from Segal in 1989 after 40 years." (Washington Post)
Washington State Lawmaker Skirts Governor Locke Over Benefits to Domestic Partners
Excerpt: "The legality of out-of-state gay marriages and taxpayer-funded domestic partner benefits would be decided by voters under a measure sponsored by Rep. Joyce Mulliken. The Ephrata Republican is pushing for a referendum to kill the benefits made available last year to unmarried partners of state employees." (Yakima [Wash.] Herald-Republic )
Forfeiture-For-Competition Provisions Under Employer Stock Plans
Excerpt: "Employers have devised several means of discouraging employers from leaving to work for a competitor. Covenants-not-to-compete are one end of the strategic spectrum. These absolutely prohibit any work for a competitor provided, of course, that a court enforces them.... At the other end of the spectrum, we find provisions permitting the departing employee to compete to her/his heart's content, but at a price." (Nixon Peabody LLP)
Newly Posted or Renewed Job Openings (Post Yours!)
| Pension Consultants/Administrators; F/T & P/T | for Northern NJ Mid-Size Pension Consulting Firm in NJ, NY |
| Sales Executive | for Evolution Health, Inc. in ALL STATES |
| Manager - Benefits Administration | for Towers Perrin in NY |
| Team Leader - Benefits Administration | for Towers Perrin in NY |
| VP/Director Of Operations, Deerfield, IL | for ADP, INC in IL |
| Client Consultant | for Invesmart, Austin, Texas in TX |
| Executive Director | for WEB Worldwide Employee Benefits Network (WEB, Inc.) in ALL STATES |
| Pension Administrator | for The Allied Companies in MI |
| Death & Disability Coordinator | for Fire & Police Pension Association in CO |
| Death & Disability Assistant Benefits Rep | for Fire & Police Pension Association in CO |
Newly Posted Conferences (Post Yours!)
| Managing Flexible and Work/Life Benefits | in GA on March 5, 2001 presented by WorldatWork |
| Managing Flexible and Work/Life Benefits | in TX on June 18, 2001 presented by WorldatWork |
| Managing Flexible and Work/Life Benefits | in CO on August 20, 2001 presented by WorldatWork |
| Managing Flexible and Work/Life Benefits | in CA on November 26, 2001 presented by WorldatWork |
| Managing Flexible and Work/Life Benefits | in NY on December 10, 2001 presented by WorldatWork |
| Integrated Disability Management | in CA on May 21, 2001 presented by WorldatWork |
| Integrated Disability Management | in IL on September 12, 2001 presented by WorldatWork |
| Integrated Disability Management | in NY on November 12, 2001 presented by WorldatWork |
| International Benefits | in MI on April 2, 2001 presented by WorldatWork |
| International Benefits | in IL on July 23, 2001 presented by WorldatWork |
| International Benefits | in CA on September 10, 2001 presented by WorldatWork |
| International Benefits | in NY on October 8, 2001 presented by WorldatWork |
| Vendor Management: How to Select and Manage Employee Benefits and Other HR Service Providers | in IL on March 12, 2001 presented by WorldatWork |
| Vendor Management: How to Select and Manage Employee Benefits and Other HR Service Providers | in NY on April 23, 2001 presented by WorldatWork |
| Vendor Management: How to Select and Manage Employee Benefits and Other HR Service Providers | in TN on May 4, 2001 presented by WorldatWork |
| Vendor Management: How to Select and Manage Employee Benefits and Other HR Service Providers | in CA on May 21, 2001 presented by WorldatWork |
| Vendor Management: How to Select and Manage Employee Benefits and Other HR Service Providers | in CA on September 24, 2001 presented by WorldatWork |
| Vendor Management: How to Select and Manage Employee Benefits and Other HR Service Providers | in IL on December 18, 2001 presented by WorldatWork |
| WorldatWork's 2001 Annual Conference and Exhibition: Rhythm of Rewards | in TN on May 6, 2001 presented by WorldatWork |
| Fourth Annual Employee Benefits Law Conference | in VA on May 2, 2001 presented by McGuire Woods LLP |
| Fourth Annual Employee Benefits Law Conference | in VA on May 9, 2001 presented by McGuire Woods LLP |
| Behavioral Approaches to Disability Management | in CA on March 16, 2001 presented by Disability Management Employers Coalition, Silicon Valley Chapter |
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