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June 13, 2003 - 13,189 subscribers
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(Please visit our sponsors. We try to make sure their products and services will be of interest to you. Thanks! --Editor)
IRS Reaches Out to Small Businesses About Retirement Plan Opportunities
Excerpt: "Many small business owners will be getting letters from the IRS that won't be tax bills or audit announcements - they'll be reminders about the benefits and requirements of retirement plans. The agency says it's trying an approach it has never used before - an outreach to small businesses - in hopes of persuading owners to start retirement plans such as IRAs, SEPs, SIMPLEs and 401(k)s or to be sure their existing plans comply with federal tax regulations." (AP via Washington Post)
Chart: Principal Provisions in HR 1776 Affecting Governmental Retirement Plans (PDF)
4 pages. (Cynthia L. Moore, Esq. for the National Council on Teacher Retirement)
Chart: Provisions in HR 1776 Affecting Both Governmental and Private Retirement Plans (PDF)
16 pages. (Cynthia L. Moore, Esq. for the National Council on Teacher Retirement)
Candidate Edwards Calls for Pension Reforms
Excerpt: "Democratic presidential candidate John Edwards ... , [who is] a former trial lawyer who often cites his working-class background as the son of a millworker and postal employee, touted his proposal as a way to address pension inequities that he said are rampant at major companies.... [Edwards' plan would prohibit] 'golden getaways' in which executives who know the company is headed toward bankruptcy protect their pensions in special funds." (AP via the New York Times; one-time registration required)
Order Directing Plan To Place Benefits In Prison Account Was Not Assignment
Excerpt: "A court order requiring a prisoner to direct his employee benefit plan to send his benefit payments to an account at the prison so that they could be distributed by the warden pursuant to a state law was not an assignment of benefits in violation of ERISA, according to the Supreme Court of Michigan ..." (CCH Pension and Benefits News)
Pension Costs Rise, Threatening to Slow Growth
Excerpt: "Rising pension liabilities may hinder the U.S. economy by forcing companies such as Goodyear Tire & Rubber Co. to divert funds from investment and hiring, economists said." (Bloomberg News via Global Action on Aging)
Opinion: It's a 'Maggie Moment' In Europe as Unions Continue Strikes Over Public Pension Reform
Excerpt: "Call it the 'Maggie Moment.' It comes along when public-sector unions act so belligerently to protect their selfish interests that they give pugnacious politicians such as Britain's Margaret Thatcher an opening for reform.... Under current rules [in France], public-sector workers get to retire after 37.5 years, instead of the 40 years required for private workers. The government of Prime Minister Jean-Pierre Raffarin wants to remove this imbalance ..." (David Ignatius in the Washington Post)
Links to Items on Executive Comp, Benefits in General
Stock Options in Cost-Sharing Arrangements Represent Dilemma for IRS
Excerpt: "Cost-sharing arrangements represent a way for U.S. companies to recover research and development (R&D) costs from their foreign-based operations.... The more difficult issue ... is whether it is fair to force third-party companies to share the costs of stock options.... When a foreign company enters into a cost-sharing arrangement and stock options are included in the cost base, the foreign company is essentially subsidizing the R&D employees' ownership interest in the U.S. company." (Tax.CCHGroup.com)
Newly Posted or Renewed Job Openings
Retirement Plan Coordinator
for American Funds
in TX
Retirement Services
for Administaff
in TX
401(k) Account Manager
for CNA
in CA
Event Designer/Lead Benefit Systems Analyst
for CitiStreet
in FL
Trust Administrator-Employee Benefits
for Hancock Bank
in MS
Call Center Team Leader
for CNA Trust
in CA
Business Workflow Analyst
for Administaff
in TX
Benefits IT Manager
for Employee Benefit Solutions
in MA, NH, RI
Manager, Pensions Administration
for The Public Service Pensions Board, Cayman Islands
in Location Other Than U.S.
Compliance Sr. Consultant
for Wachovia Corporation
in MD
Newly Posted Webcasts
(Post Yours!)
Prescription Drugs for Seniors
on June 12, 2003
presented by KaiserNetwork.org
Newly Posted Conferences
(Post Yours!)
The 2003 Executive Compensation Seminar: The Metamorphosis of Executive Compensation
in IL
June 24, 2003
The Conference Board
How to Respond to the Proposed FLSA Changes
in ALL STATES
June 25, 2003
Hewitt Associates
Newly Posted Press Releases
(Post Yours!)
IRS Web Site Offers Identification Numbers for Businesses
(Internal Revenue Service)
How To Manage Your 401(k) Plan For The 21st Century: Philadelphia Area Experts To Host Seminar For Benefits Executives
(Resources For Retirement, Inc.)
NYLIM Retirement Plan Services Enhances Listen and Learn Education for Retirement Plan Sponsors
(NYLIM Retirement Plan Services)
Certain ALI-ABA Employee Benefits Course Materials and Tapes Now on Sale
(American Law Institute - American Bar Association (ALI-ABA))
Handy Links:
- View Today's Active Message Threads
- Search BenefitsLink
- Using the Web for Employee Benefits Research
- Employee Benefits Library
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Editor and Publisher: David Rhett Baker, J.D.
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