| The BenefitsLink Newsletter - Retirement Plans Edition |  |
November 29, 2001 - 12,583 subscribers
Today's sponsor: Glasser LegalWorks
(Click on company name or banner to learn more.)
You are invited to attend the nation's leading seminar on how recent cases affect claims, plan design and operations. Highlights of this year's program include: -Health Care Plan Litigation -Fiduciary Litigation -Preemption after Egelhoff -Aftermath of Pegram -Managed Care Litigation More details are available now in an online brochure: http://www.legalwks.com/conferences/erisa_lit/home.htm
(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)
IRS Extends Cut-Off Date for Use of July 1998 Version of Determination Letter Application Forms
Excerpt: "The availability of the transition rules in section I.G. of Announcement 2001-77 is extended through March 31, 2002. Thus, the Service will accept applications that are filed on the July, 1998 revision of the following forms in accordance with the procedures in section I.G. through March 31, 2002: Form 5300, Schedule Q (Form 5300), Form 5307, and Form 6406." (Internal Revenue Service)
Enron Woes Seen Fueling Legal Feeding Frenzy
Excerpt: "As energy trading group Enron Corp. teeters on the edge of bankruptcy, lawyers said they expect a tangled web of lawsuits as shareholders and creditors seek compensation and those caught in the cross hairs try to point the finger elsewhere." (Reuters via Excite News)
Enron Lawsuits Highlight "Eggs In One Basket" Risk
Excerpt: "A flurry of lawsuits filed against ailing energy giant Enron Corp. have highlighted potentially devastating consequences of employee retirement plans that lean heavily on investments in the employer's stock." (Reuters via Yahoo! Finance)
Opinion: Will Railroad Retirement System Be the Next Bailout?
Excerpt: "The Senate today is scheduled to take up a questionable bill that sponsors say would permit an increase in railroad retirement benefits and a simultaneous decrease in the industry tax that supports them, at no cost to the public. As you might expect of such a measure, the bill has 75 cosponsors, and has already passed the House." (Washington Post)
PBGC to Protect Pensions of 6,500 Payless Cashways Employees
Press release. Excerpt: "The Pension Benefit Guaranty Corporation (PBGC) [has] assumed responsibility for the pension plan of more than 6,500 people who worked for the bankrupt Payless Cashways, Inc., once the nation's fourth-largest retailer of building materials and home improvement products." (Pension Benefit Guaranty Corporation)
Mellon to Acquire HR Consulting Services of Unifi
Press release. Excerpt: "Mellon Financial Corporation (NYSE: MEL) and PricewaterhouseCoopers today announced a definitive agreement under which Mellon will acquire the human resources outsourcing and consulting businesses of Unifi Network, a PwC subsidiary.... Mellon becomes the fourth-largest global provider of human resources consulting/administration services." (Mellon Financial Corporation)
Newly Posted or Renewed Job Openings (Post Yours!)
| Compliance and Nondiscrimination Testing Specialists | for Fidelity Investments in KY, OH, TX |
| Pension Administrator/Accountant | for First Mercantile Trust Company in TN |
| SALES CONSULTANT | for Diversified Investment Advisors in IL, NY |
| Retirement Plan Specialist | for American Funds in IN |
Newly Posted Conferences (Post Yours!)
| HIPAA Compliance for Hospitals and Healthcare Networks | in AZ on February 11, 2002 presented by American Conference Institute |
Newly Posted Press Releases
| Old Mutual Chooses SunGard Pension Administration System (SunGard Insurance Systems) |
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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.
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