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June 20, 2003 - 13,235 subscribers
Today's sponsor: APSCREEN, Employee Locator

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

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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 Regs Provide Automatic Extension for Filing Forms 1099, 5498
Excerpt: "The IRS has issued temporary regulations providing an automatic extension of the time to file information returns using the Form 1099 series and Form 5498, effective June 11, 2003. The temporary rules eliminate the requirement for a signature and an explanation to obtain an automatic extension of time to file these returns." (CCH Pension and Benefits News)

GM to Fund Pension Using Proceeds from $13 Billion Corporate Bond Issue
Excerpt: "General Motors Corp. said on Friday it will sell about $13 billion in debt and convertible securities, most of which will be used to help shore up its underfunded pension plan and meet healthcare obligations." (Washington Post)

Opinion: On Free Trade and Social Security Investment Choices
Excerpt: "Chile is the first South American nation to sign, with complete bipartisan support within the country, a Free Trade Agreement with the United States. Now, why do Chilean workers support free trade policies? Because while the nation in the 1970s was initiating its free-trade development strategy it was also establishing a pioneering system of personal retirement accounts as the foundation of its Social Security policy." (The Cato Institute)


Links to Items on Executive Comp, Benefits in General

Exec Comp Formulas Rejiggered
Excerpt: "A number of companies -- including General Electric, Delta Air Lines, and Verizon Communications -- have started removing pension effects from executive compensation formulas. The reason? To ensure that executive bonuses don't suffer because of a decline in plan returns, according to an article in The Wall Street Journal." (CFO.com)

Overview: Proposed Regs Issues for ISOs and Employee Stock Purchase Plans (PDF)
4 pages. Excerpt: "The special tax treatment afforded statutory stock options only applies to 'options' for the purchase of 'stock' of a 'corporation.' These definitions have been expanded by the Proposed Regulations as follows ..." (Kilpatrick Stockton LLP)

U.S. Gays Head to Canada for Marriage Licenses
Excerpt: "An Ontario appeals court last week declared Canada's definition of marriage, as the union of a man and woman, invalid and changed it to a union between two people." (AP via Yahoo! News)

U.S. Gays Who Marry in Canada Face Hurdles
Excerpt: "Gay Americans who visit Canada to marry may revel in their newfound status there, but they will come home to a confusing patchwork of overlapping jurisdictions and competing laws and are likely to face a struggle for recognition, legal experts say." (New York Times; one-time registration required)




Newly Posted or Renewed Job Openings
Post a Help Wanted Ad

Group Health Insurance Sales/Account Management
for Great West Life & Annuity
in PA, TX, WA

Employee Benefits Sales Representative
for Great West Life & Annuity
in MI, MN, NY, OH, TX

Qualified Plan Consultant
for Benefit Solutions Corp
in IL, IN, MN, WI

Vice President Medical Management National Sales
for Corporate Benefit Services of America, Inc. - Third Party Administrator
in FL, MN

Benefits Analyst
for Global Manufacturing Company Corporate offices near Detroit
in MI

Senior Communications Specialist
for New York Life Investment Management, LLC
in MA

Administrative Assistant Ref. #TC-14573
for Southern California Edison
in CA

Benefits Consultant
for Beasley & Company
in OK

Sr. Employee Benefits Customer Service Manager
for Great West Life & Annuity
in OH

Team Leader, Participant Communication Team
for Standard Insurance Company
in OR

Senior Health and Welfare Benefits Administrator
for Aerojet
in CA

Employee Benefits Trust Officer
for Regions Financial Corporation
in AL

FSA Manager
for Seeking FSA Manager
in MD

Employee Benefits Trust Officer (Compliance & Training)
for Regions Financial Corporation
in AL
Newly Posted Conferences
(Post Yours!)

HIPAA Compliance for Employers -- Shared Strategies and Common Challenges
in LA
July 29, 2003
Centers for Medicare & Medicaid Services, Workgroup for Electronic Data Interchanges, and Society for Human Resource Management
Newly Posted Press Releases
(Post Yours!)

ARAG Group Adds Robinson as Regional Manager
(ARAG Group)


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