| BenefitsLink Retirement Plans Newsletter |   |
May 9, 2003 - 13,156 subscribers
Today's sponsor: Actuarial Systems Corporation
(Click on company name or banner to learn more.)
ASC - QUALITY SOFTWARE FOR THE PENSION INDUSTRY FOR OVER 20 YEARS ASC provides complete automation for the pension office, including: DC/401(k) and DB administration and valuation systems, sophisticated Compliance Testing, DV Direct Daily Valuation, Advanced Information Manager Database (AIM), and Single-Step Processing. All ASC Technical Support Members were experienced Pension Administrators or Actuaries before joining ASC-- and most have been with ASC for over 10 years.
(Please visit our sponsors. We try to make sure their products and services will be of interest to you. Thanks! --Editor)
Opinion: Companies Should Not Get Deductions for Pension Contributions
Excerpt: "The time has come for governments to stop trying to bribe companies to assume a role that rightly belongs to the individual and the state. In America and Britain, where the pension burden has been shifted furthest to the private sector, the state of corporate schemes is enough to turn an accountant's hair grey overnight." (The Economist)
Wisconsin Pension System Scrambles to Cover $4.5 Million Accounting Error
Excerpt: "A slip of the pencil two years ago at the State of Wisconsin Investment Board that put a decimal point two places further to the left than it should have been nearly cost the now underfunded state pension plan $4.5 million. Luckily for taxpayers, who are responsible for promises the pension plan makes, a state auditor caught the error in March during a routine audit." (Milwaukee Journal Sentinel via NewsAlert.com)
Time is Right for Savings Campaign
Excerpt: "This month, the Social Security Administration and the American Savings Education Council launched the 'Save for Your Future' education campaign. This is a noteworthy campaign in a time when surveys continue to show that many people aren't saving enough for emergencies, their children's college education or, most important, their retirement." (Washington Post)
Use Social Security Statement To Plan Your Future
Excerpt: "I urge you to accept the Save For Your Future challenge and get a copy of the new booklet 'How To Save For Your Future -- A Guide For Financial Security.' The booklet, available in English and Spanish, can be downloaded from the Save For Your Future Web site, www.saveforyourfuture.org." (The South Florida Sun-Sentinel)
Links to Items on Executive Comp, Benefits in General
Lawmakers, CEOs Criticize FASB for Stock Options Move
Excerpt: "It was billed as a round table, but seemed more like a boxing ring Thursday as lawmakers and CEOS rained verbal blows on America's accounting rulemaker for moving towards a requirement to expense stock options." (Reuters)
Newly Posted or Renewed Job Openings
Senior Product Specialist - Retirement Plan Marketing
for Edward Jones
in MO
DC/401(k) Administrator
for Retirement Plan Services, L.L.C.
in MO
Pension Administrator
for Thomas, Doll & Company, CPAs
in CA
Policy/Negotiations Project Manager
for UC Office of the President
in CA
Account Analyst - Retirement Plan Services
for Strong Financial Corporation
in WI
Fund Accountant
for ICMA Retirement Corporation
in DC
Client Communication Specialist/Sr.
for Standard Insurance Company
in OR
Newly Posted Conferences
(Post Yours!)
Financial Planning Basics
in WI
July 18, 2003
International Foundation of Employee Benefit Plans
Investment Planning and Program Design
in WI
July 21, 2003
International Foundation of Employee Benefit Plans
A "Life Stages" Approach to Analyzing and Communicating Work/Life Value
in MA
June 10, 2003
Greater Boston Chapter of ISCEBS
Form 5500 Preparation Workshop
in NJ
May 21, 2003
Northern New Jersey Chapter - ISCEBS
Managed Care Liability
in PA
September 29, 2003
American Conference Institute
Newly Posted Press Releases
(Post Yours!)
Treasury and IRS Issue Regulations For Split-Dollar Life Insurance Arrangements
(Internal Revenue Service)
Benefit Software Inc. Reduces the Paperwork of Open Enrollment for Vital Processing Services®
(Benefit Software Inc.)
Labor Department Obtains Restitution for Participants of Minnesota 401(k) Plan
(U.S. Department of Labor, Office of Public Affairs, Chicago)
Labor Department Seeks Appointment of Independent Fiduciary
(U.S. Department of Labor, Office of Public Affairs, Atlanta)
Handy Links:
- View Today's Active Message Threads
- Search BenefitsLink
- Using the Web for Employee Benefits Research
- Employee Benefits Library
Copyright 2003 BenefitsLink.com, Inc.; except that you can forward this email in full (including this boilerplate part) or otherwise reprint this email in full (including this boilerplate part) without obtaining our permission.
Published by:
BenefitsLink.com, Inc.
https://benefitslink.com/about.html
1298 Minnesota Avenue, Suite H
Winter Park FL 32789
(407) 644-4146
Fax: (407) 644-2151
Editor and Publisher: David Rhett Baker, J.D.
Housekeeping: