| BenefitsLink Retirement Plans Newsletter |   |
February 12, 2003 - 13,101 subscribers
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Analysis: DOL Seeks Input on Automatic Rollovers, Coming in 2004
Excerpt: "Beginning in 2004, when departing employees leave no instructions for accounts worth $1,000 to $5,000, plan sponsors that want to distribute those accounts will be required to set up individual retirement accounts (IRAs) for the 401(k) amounts. The Department of Labor (DOL) has recently released a request for comments about how such accounts should be structured." (Thompson Publishing Group)
Federal Regulators Approve US Airways Reorg Proposal, But Fight Over Benefits Yet to Come
Excerpt: "The conditional approval was needed to obtain the remaining $200 million in interim financing from US Airways' lead investor, Retirement Systems of Alabama, the airline has said in court documents. But to obtain the loan guarantee, US Airways still has to win approval of its reorganization plan from U.S. Bankruptcy Court Judge Stephen S. Mitchell ... US Airways executives said last month that they would ask the federal bankruptcy court to terminate its pilots' pension plan ..." (Washington Post)
N.C. Treasurer Calls for State Constitutional Amendment to Prevent Use of Pension Funds for Budget
Excerpt: "State Treasurer Richard Moore, guardian of the $40 billion pension fund for state workers and teachers, wants to change the constitution to prevent governors from seizing contributions to the fund to balance the state budget." (The [Raleigh, N.C.] News & Observer)
Opinion: Bush Simplification Plan Is Way to Cut Baby Boomers' Pension Rights
Excerpt: "President George W. Bush's budget is a road map for a pension system with stripped-down security for future retirees. The budget would speed the shift of pension responsibility from employers to employees. It sets up the likelihood that fewer small and medium-sized businesses would offer pensions at all." (Newsday)
Mutual Funds: Their 5 Best-Kept Secrets
Excerpt: "When we sent the 25 largest fund families a survey asking about, among other things, proxy-voting policies, portfolio managers' compensation, and conflict-of-interest policies, only five companies--American Century, MFS, Putnam, T. Rowe Price, and Vanguard--provided any information.... What you don't know can hurt you. So here are five things that mutual funds should be telling you to help you make better fund choices." (Consumer Reports)
Links to Items on Executive Comp, Benefits in General
San Diego Municipal Plan Facing Funding Shortfalls for Pensions, Retiree Health Benefits
Excerpt: "A report to be released today casts fresh doubt on the city of San Diego's ability to pay all of its pension and retiree health care obligations-- including about $1.1 billion in future liabilities not listed on official balance sheets-- without new sources of cash." (The San Diego Union-Tribune)
Coke to Eliminate Supplemental Executive Retirement Plan
Excerpt: "Coca-Cola will phase out pension benefits for top executives after pressure from investors, The Financial Times reported on its web site. Atlanta-based Coca-Cola's Key Executive Retirement Plan, which was offered only to three top executives, including CEO Douglas Daft, would be phased out." (Atlanta Business Chronicle via bizjournals.com; one-time registration required)
Newly Posted or Renewed Job Openings
Team Leader - Recordkeeping
for INVESCO Retirement, Inc.
in GA, NC
Trust Relationship Officer
for First Virginia Banks, Inc.
in VA
401k Client Service Manager
for ADP
in NJ
Retirement Services Client Relationship Director
for ADP
in NJ
Newly Posted Webcasts
(Post Yours!)
Changes Ahead: The Private Insurance Market and Employer-Provided Coverage
on January 24, 2003
presented by Families USA
Newly Posted Conferences
(Post Yours!)
Current Issues With 401(k) Plans
in ALL STATES
March 25, 2003
McKay Hochman
Sarbanes-Oxley Ethics Rules: Impact on Benefits Lawyers
in
February 27, 2003
ABA Joint Committee on Employee Benefits; Other Organizations
20th Annual Employment Law & Legislative Conference
in DC
March 10, 2003
Society for Human Resource Management
401(k) Plans
in OR
April 1, 2003
Employee Benefits Institute of America LLC (EBIA)
401(k) Plans
in KS
April 8, 2003
Employee Benefits Institute of America LLC (EBIA)
401(k) Plans
in GA
April 22, 2003
Employee Benefits Institute of America LLC (EBIA)
401(k) Plans
in IL
April 29, 2003
Employee Benefits Institute of America LLC (EBIA)
Cafeteria Plans
in OR
April 2, 2003
Employee Benefits Institute of America LLC (EBIA)
Cafeteria Plans
in GA
April 23, 2003
Employee Benefits Institute of America LLC (EBIA)
Cafeteria Plans
in KS
April 9, 2003
Employee Benefits Institute of America LLC (EBIA)
Cafeteria Plans
in IL
April 30, 2003
Employee Benefits Institute of America LLC (EBIA)
COBRA Compliance for Group Health Plans
in OR
April 3, 2003
Employee Benefits Institute of America LLC (EBIA)
COBRA Compliance for Group Health Plans
in KS
April 10, 2003
Employee Benefits Institute of America LLC (EBIA)
COBRA Compliance for Group Health Plans
in GA
April 24, 2003
Employee Benefits Institute of America LLC (EBIA)
COBRA Compliance for Group Health Plans
in IL
May 1, 2003
Employee Benefits Institute of America LLC (EBIA)
ERISA Compliance for Health & Welfare Plans
in OR
April 3, 2003
Employee Benefits Institute of America LLC (EBIA)
ERISA Compliance for Health & Welfare Plans
in KS
April 10, 2003
Employee Benefits Institute of America LLC (EBIA)
ERISA Compliance for Health & Welfare Plans
in GA
April 24, 2003
Employee Benefits Institute of America LLC (EBIA)
ERISA Compliance for Health & Welfare Plans
in IL
May 1, 2003
Employee Benefits Institute of America LLC (EBIA)
HIPAA Portability & Privacy
in OR
April 4, 2003
Employee Benefits Institute of America LLC (EBIA)
HIPAA Portability & Privacy
in KS
April 11, 2003
Employee Benefits Institute of America LLC (EBIA)
HIPAA Portability & Privacy
in GA
April 25, 2003
Employee Benefits Institute of America LLC (EBIA)
HIPAA Portability & Privacy
in IL
May 2, 2003
Employee Benefits Institute of America LLC (EBIA)
Newly Posted Press Releases
(Post Yours!)
401(k) Presentation Services of America is Open For Business.
(401(k) Presentation Services of America)
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