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The BenefitsLink Newsletter -
Retirement Plans Edition
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October 15, 2001 - 12,184 subscribers
Today's sponsor: Search401k

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(Help BenefitsLink to provide this newsletter at no charge to you -- our sponsors pay our way. Remember to visit them periodically; we try to make sure their products and services will be of interest to you. Thanks! --Editor)

ASPA to Sponsor Its First Sales and Marketing Conference
Excerpt: "ASPA formally announces its first-ever sales and marketing conference. The 401(k) Sales Summit will be held February 28 through March 2, 2002 at the Doubletree Paradise Valley Resort in Scottsdale, Arizona." (American Society of Pension Actuaries)

Another Question is Answered in the Distributions: Taxation and Planning Q&A Column
If a participant retires when he or she reaches age 50 and has 10 years of service, and then takes a distribution prior to reaching age 59-1/2 (as permitted under the plan document), is this distribution subject to the 10% early distributions tax? (BenefitsLink.com)

New York State Pension Suspension Law Upheld
Excerpt: "Similar to New York City's Charter ... New York State has a statute that requires its retired public employees, while they are employed in a subsequent public job, either to forego receipt of pension benefits from the first job or forego accumulation of additional pension benefits from the second job. A federal appeals court has sustained the law ..." (Cypen & Cypen)

Pension Padded for School Superintendent's Wife, Local Newspaper Says
Excerpt: "To boost her state pension benefits, the wife of St. Lucie schools Superintendent Bill Vogel was placed in a no-show position on the payroll of Indian River Community College-- apparently costing taxpayers about $18,000 a year for the rest of her life." (MSNBC.com)

(Following items are in both editions of the BenefitsLink Newsletter)


ASPA Advises Agencies of Two "Ongoing Concerns" Regarding Revised Form 5500 Reports
In a recent letter to the Internal Revenue Service, the Department of Labor's Pension and Welfare Benefits Administration, and the Pension Benefit Guaranty Corporation, the American Society of Pension Actuaries (ASPA) provided its comments regarding the revised Form 5500 series annual reports. The agencies had requested comments on the revised annual reports earlier this year. (Spencernet)




Newly Posted or Renewed Job Openings (Post Yours!)
Pension Plan Administrator for The Angell Pension Group, Inc.
in
ALL STATES
Benefits Compliance Paralegal for Aon Consulting
in
GA
Executive Benefits/Risk and Liability Financing Consultant for Leading Global Professional Services Company
in
OH, PA
Plan Administrator for Ceridian
in
CA
Pension Account Executive for Diversified Investment Advisors
in
MA
Pension Administrator for Pension Benefit Consultants, Inc.
in
CT
401(k) Plan Administrator for Northeast Planning Services, Inc.
in
MA
Director of Relationship Management for Highly Successful Consulting Firm
in
CA

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Copyright 2001 BenefitsLink.com, Inc., but you may freely distribute this email newsletter in whole. This newsletter is edited by David Rhett Baker, J.D.