If this message looks garbled to you or if the headlines in this message don't connect you to Web pages when you click on them, please request the "plain text" version of this newsletter ("Retirement Plans Edition") by emailing your request to publisher Dave Baker
Jobs | Today's Messages | Topical News | Q&A Columns | Services & Products | Search | Reference

The BenefitsLink Newsletter -
Retirement Plans Edition
To BenefitsLink home page Fill your job openings fast by advertising on BenefitsLink

July 8, 2002 - 11,391 subscribers
Today's sponsor: In Plain English

(Click on company name or banner to learn more.)

   Help Your Employees Write Better in Print or on the Web

   One-day writing course, custom-designed for your company. Train
   your employees to write in plain English to customers, employees,
   target audiences, and the general public. Whether your employees
   create letters, business reports, corporate strategy, websites,
   or e-mails, we can help them write clearly, correctly, and in
   plain English. Click Here to sign up for our free 21 Writing Tips
   for the 21st Century, learn more about our writing seminars, and
   bring In Plain English to your organization.

(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)

Lucrative Pension DROPs for Governmental Employees Spreading Across Country
Excerpt: "Although they vary in the details, all DROP plans allow workers to accrue monthly pension payments in escrow accounts before they actually retire. When the workers finally do retire, they receive all the accrued money in lump sums, often after high guaranteed interest returns and cost-of-living increases. They also continue to receive their monthly pension benefits for life, although they are pegged to the rate earned when the workers first entered the DROP plan." (The Milwaukee Journal Sentinel)

The Merits of Using a Deferred Annuity to Fund a Qualified Retirement Plan: a Bibliography
An extensive collection of links and quotes from persons writing about the use of deferred annuities to fund a qualified retirement plan. (Ronald A. Uitz of Uitz & Associates)

Variable Annuities Offer Safety, at a Price
Excerpt: "As if variable annuities, the insurance industry's version of mutual funds, were not bewildering enough, insurers have added a batch of features intended to protect investors from a stock market that lately has not seemed to know which way is up." (New York Times; free registration required)

The New Social Security Commission Personal Accounts: Where Is the Investment Principal?
Working paper available from SSRN.com for $5. Excerpt: "When 'personal accounts' are mentioned, most people think of accounts that are in some sense separate and shielded from the uncertainties of the Social Security system. That is not the case for the personal accounts proposed by the Commission." (National Bureau of Economic Research)

Links to Items on Executive Comp, Benefits in General
(These items appear in both editions of the BenefitsLink Newsletter)

Overview: Newly Proposed Regulations Address Taxation of Split-Dollar Life Insurance Arrangements
Excerpt: "The proposed regulations provide two mutually exclusive regimes ... -- the economic benefit regime or the loan regime-- and provide rules that determine which tax regime would apply. Under the economic benefit regime, the owner of the life insurance contract would be treated as providing economic benefits to the nonowner of the contract.... Under the loan regime, the nonowner of the life insurance contract would be treated as loaning premium payments to the owner of the contract." (tax.CCHGROUP.com)

Corporate Lobby Group Urges Stock Option Reforms
Excerpt: "The Business Roundtable, an association of U.S. chief executive officers from leading corporations, on Monday urged the Securities and Exchange Commission to implement proposed reforms in a bid to restore investor confidence.... The group ... supported shareholder approval of all company stock option programs to help restore confidence in compensation systems ..." (New York Times; free registration required)

Commentary: How Stock Options Contributed To Corporate Debacles
Excerpt: "Although options didn't play a direct role in the accounting misstatements at Enron, WorldCom, Xerox, Rite Aid and a host of other companies, there's a growing belief they played an indirect role by motivating executives to focus on short-term earnings at the expense of long-term results." (San Francisco Chronicle)

Newly Posted or Renewed Job Openings - Post a Help Wanted Ad
Pension Administrator for Means & Associates, LLC
in CA
Pensions/401(k) ERISA Compliance Specialist for Dayton Group Ltd
in NJ, NY

Newly Posted Conferences (Post Yours!)
Great Lakes Area IRS/ASPA Benefits Conferencein IL on May 1, 2003
presented by IRS
Great Lakes Area IRS/ASPA Benefits Conferencein IL on April 29, 2004
presented by IRS

Subscribe to the Welfare Plans Edition, too (click)

Feel free to send this email to friends, colleagues or clients, if you copy or forward this email in its entirety (including this boilerplate part). Copyright 2002 BenefitsLink.com, Inc.

Published by:

BenefitsLink.com, Inc.
1298 Minnesota Avenue, Suite H
Winter Park FL 32789
(407) 644-4146
Fax: (407) 644-2151

Editor and Publisher: David Rhett Baker, J.D.