| The BenefitsLink Newsletter - Retirement Plans Edition |  |
June 1, 2001
Today's sponsor: The Profit Sharing/401(k) Council of America (PSCA) (click)
Pension Reform Will Affect Your Plan! Prepare Now For 2002 Retirement Changes. Two Hours of Answers Without Leaving Your Desk. Click Here - https://benefitslink.com/m/a_d.cgi?a_d=2001_06_01_retirement
PBGC Updates Underfunded Plan Guidance
CIGNA's Pension Analyst® -- Compliance Bulletin -- May 2001. Excerpt: "The Pension Benefit Guaranty Corporation (PBGC) has updated the notification rules that apply to certain underfunded defined benefit plans. PBGC Technical Update 01-2 reflects the revised PBGC guarantee amounts for 2001, but does not otherwise change the rules for when a notice is needed and when it is due." (CIGNA)
Selective Analysis of the New Re-Proposed MRD Regulations Under IRC §401(a)(9)
Excerpt: "This article will take the new re-proposed MRD regulations ... and analyze selective portions chronologically." (Noel C. Ice, Esq. of Cantey & Hanger, L.L.P.)
A Bush Tax Cut Tutorial for Individuals
Excerpt: "Under the new law, you (or your employer) will soon be able to make much bigger contributions to most types of tax-advantaged retirement accounts. Here are the most important changes in this area: ..." (SmartMoney.com)
BISYS Buys Universal Pensions, Inc.
Press release. Excerpt: "BISYS announced today the acquisition of Minnesota-based Universal Pensions, Inc. (UPI) for approximately $85 million." (PR Newswire, via Excite News)
IRS Proposes New Guidance for Adopting or Changing Tax Years
Excerpt: "C corporations (other than personal service corporations) can use a fiscal year-end. Conversely, general partnerships, limited partnerships, LLPs, LLCs, and S corporations face restrictions on using a fiscal year-end. These limitations force the pass-through income or loss to be reported by the individual in the same year as reported by the pass-through entity." (Practitioners Publishing Company)
Retirement Planning Engagements - Part II: Planning the Engagement
Excerpt: "Typically, retirement planning engagements for older clients are preceded by an initial meeting in which the client's goals and needs in the retirement years are discussed. This initial meeting can also be the appropriate setting to discuss some issues that must be resolved before the planner can begin the engagement." (Practitioners Publishing Company)
As California Sweats It Out, 2 Pension Funds Profit
Excerpt: "The politicians call the companies pirates and price gougers. They have filed lawsuits. They have urged an investigation into possible price manipulation.... But California's two biggest pension funds have been gentler. Instead of shunning the stocks of these companies, the two funds have watched their positions grow." (New York Times; free registration required)
Economic Scene: Market Risks Could Hurt the Social Security Safety Net
Excerpt: "President Bush's newly appointed commission on Social Security intends to consider ways to partially privatize the program, perhaps by allowing workers to invest part of their Social Security contributions in stocks. On the face of it, this looks like a sensible thing ... But, as the mutual fund prospectuses tell us, 'past returns may be no guide to future performance.'" (New York Times; free registration required)
Guidance on ERISA Treatment of Demutualization Proceeds
May 31, 2001 issue of the Compliance Alert. Excerpt: "The Department of Labor (DOL) released an Information Letter that addresses the proper treatment of insurance company demutualization proceeds under ERISA. Briefly, the letter concludes the following: ..." (The Segal Company)
Changes Affecting Split Dollar Life Insurance
Excerpt: "Earlier this year, the Internal Revenue Service issued Notice 2001-10, changing the way some split dollar life insurance arrangements are taxed.... You should review your existing (and prospective) split dollar arrangements and plan potential courses of action.... [See also the free online 2-page Hewitt] Special Report on changes affecting split dollar life insurance ..." (Hewitt Associates)
Grassroots Group Aims to Eliminate Alternative Minimum Tax Treatment of Stock Options
Excerpt: "Our mission is to correct an injustice created by the way in which the Alternative Minimum Tax (AMT) is inappropriately and unjustly imposed upon owners of incentive stock options." (ReformAMT.org)
Newly Posted or Renewed Job Openings (Post Yours!)
| Actuarial Analyst (JO#239) | for Insurance Company in CO |
| 401(K) / Retirement Plan Administrator | for Sentinel Benefits Group, Inc. in MA |
| Retirement Plan Administrator | for Certified Public Accounting Firm in OH |
| Defined Contribution Administrator - Flexible Hours & Ability To Work At Home Part Time | for Expanding Full Service Employee Benefit & Retirement Plan Consulting Firm in NY |
| Pension Consultant / Administrator | for Madison Pension Services, Inc. in NY |
Subscribe to the Welfare Plans Edition, too (click)
Copyright 2001 BenefitsLink.com, Inc.
You may freely distribute this email newsletter in whole.
Click here to learn how your company can sponsor a future issue!
BenefitsLink is a registered trademark of BenefitsLink.com, Inc., published by Dave Baker with much help from Mary Hall and lots of friends.
We're proud of our privacy policy.
To subscribe (free): visit https://benefitslink.com/newsletter - or the person desiring to subscribe can send an email to BLretirement@add.mb00.net
We have an online archive of prior issues at
https://benefitslink.com/newsletters/