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January 22, 2003 - 12,861 subscribers
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Job Shifting Puts Workers' 401(k) Accounts into Disarray
Excerpt: "American workers-- especially those under 32-- are on the move. The average American will hold 8.6 different jobs between the ages of 18 and 32, according to the Bureau of Labor Statistics. But all that job shifting may put a worker's 401(k) retirement accounts into disarray." (The [Appleton, Wis.] Post-Crescent)
Opinion: Bush's Attack on Older Workers
Excerpt: "The White House has recently proposed IRS regulations that would allow corporations to undertake a major raid on the pension benefits that older workers have accumulated. These new proposals, if adopted, would allow companies to avoid federal anti-age-discrimination laws and convert traditional defined-benefit pension plans into 'cash-balance' plans." (U.S. Rep. Bernie Sanders (I-Vt.) in In These Times)
Links to Items on Executive Comp, Benefits in General
DOL Adjusts ERISA Penalties for Inflation; Most Stay Same
Failure or refusal to file a Form 5500 still capped at $1,100 per day; failure of certain MEWAs to file a Form M-1 is up from $1,000 per day to $1,100 per day. (U.S. Department of Labor, Pension and Welfare Benefits Administration)
Employers Told to Avoid 'Shadow' Stock Option Plans
Excerpt: "Final word has yet to come down on pending stock exchange regulations that would force companies to bring newly created stock option plans to a shareholder vote. But with regulatory approval a foregone conclusion, companies are being warned not to rush out and adopt non-shareholder approved plans, also called 'shadow plans.'" (Dow Jones Newswires via Quicken Brokerage)
Newly Posted or Renewed Job Openings
Defined Benefit Specialist
for The Paragon Consulting Group, Inc.
in VA
Deputy Regional Director, GS-1801-15
for U.S. Department of Labor, Pension and Welfare Benefits Administration
in TX
Newly Posted Webcasts
(Post Yours!)
American Express Participates in Webcast On Investment Advice and Education for Retirement Plan Investors
on January 21, 2003
presented by American Express and Jackson Lewis LLP
Newly Posted Press Releases
(Post Yours!)
Company announces 28% savings with "consumer-directed" health plan.
(Proweh Health Systems, Inc.)
Handy Links:
- View Today's Active Message Threads
- Search BenefitsLink
- Using the Web for Employee Benefits Research
- Employee Benefits Library
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