| BenefitsLink Retirement Plans Newsletter |   |
August 12, 2003 - 13,309 subscribers
Today's sponsor: ASPA
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ASPA Exam Registration Deadline Approaching Advance your career with the retirement industry's only certification program devoted exclusively to 401(k) plans. QKA is available only from ASPA-- the education leader for qualified plan issues. You can add the prestigious QKA designation to your name by passing five invaluable exams. The registration deadline for two of the required exams being offered this fall is September 30. Register today-- and watch your career soar tomorrow. Click on the banner above or visit http://www.asppa.org/qka/ for more information
(Please visit our sponsors. We try to make sure their products and services will be of interest to you. Thanks! --Editor)
Supreme Court Agrees to Hear Whether Bankruptcy Trustee Can Reach Sole Shareholder's Pension
Excerpt: "The U.S. Supreme Court has agreed to hear a case to determine whether a doctor whose pension plan was ordered by the US 6th Circuit Court of Appeals to make his loan repayments available to a bankruptcy trustee can sue to block the action." (PLANSPONSOR.com; one-time registration required)
Maryland Suspends Matching Contribution for State Employees
Excerpt: "As Maryland's weakened fiscal condition lingers, state government workers are absorbing another hit: the loss of a benefit that provided up to $600 yearly for retirement investment accounts." (Baltimore Sun)
Links to Items on Executive Comp, Benefits in General
Overview: Employee's Wrongful Discharge Claim Did Not Implicate ERISA Section 510
Excerpt: "The employee in this case sued her former employer for wrongful discharge under state law, claiming she had been fired for complaining about alleged violations of ERISA. (The employee, who had significant responsibilities in the corporate benefits department, alleged that she was fired for complaining on two occasions about a transfer of assets from the corporation's medical plan to its general corporate account.) The employer removed the case to federal court ..." (EBIA Weekly)
Delta to Stop Funding Executives' Trusts
Excerpt: "Delta Air Lines will stop contributing to a pension plan aimed at retaining its executives during the industry downturn, The Wall Street Journal reported on Tuesday." (Reuters)
CEOs Still Sitting on Piles of Pay
Excerpt: "Big pay increases, bonuses and stock-option grants -- awarded under what corporate governance critics say are often thin rationales -- are surfacing at many companies completing their 2003 fiscal year." (USA Today)
Tech Companies Can't Kick Stock Options
Excerpt: "In recent months, Apple Computer Corp., Adobe Systems Inc., Electronic Data Systems Corp., ADC Telecommunications Inc., Ciena Corp. and Sanmina-SCI Corp. all have enabled employees to trade in old 'underwater' options, exercisable at levels much higher than current share prices. In exchange, the companies are giving employees new options that can be turned into shares at prices likely to be closer to today's lower levels." (Wall Street Journal via SFGate.com)
Canadian Recognition of Same-Sex Marriages Might Require Review of Your Employee Benefit Plans
Excerpt: "[I]t may be prudent for you to review the terms of your employee benefits plans now to make certain that your eligibility rules will continue to produce the desired result, whatever that may be, and to assure that your plans define with precision terms like 'Spouse' and 'Domestic Partner.'" (Faegre & Benson LLP)
Newly Posted or Renewed Job Openings
Defined Benefit/Defined Contribution Account Manager
for National Retirement Services, Inc.
in CA, NC
Team Leader, Participant Communication Team
for Standard Insurance Company
in OR
401(k) Product Developer
for Transamerica-The Winning Organization
in CA
Trust Allocation Specialist II
for Regions Financial Corporation
in AL
Benefits Administrator
for Phillips-Van Heusen Corporation
in NJ
DC/401k Administrator
for B & B Benefits Administration, Inc.
in CA
Benefits Administrator
for DecisionPEO
in FL
Newly Posted Conferences
(Post Yours!)
Healthcare Round Table
in MD
September 18, 2003
Baltimore Chapter of ISCEBS
Fundamentals of 401(k) Plans
in TX
October 9, 2003
SunGard Corbel
Fundamentals of 401(k) Plans
in WA
October 9, 2003
SunGard Corbel
Fundamentals of 401(k) Plans
in MO
October 23, 2003
SunGard Corbel
Fundamentals of 401(k) Plans
in CA
November 6, 2003
SunGard Corbel
Fundamentals of 401(k) Plans
in GA
November 13, 2003
SunGard Corbel
Fundamentals of 401(k) Plans
in CA
November 6, 2003
SunGard Corbel
Fundamentals of 401(k) Plans
in PA
November 13, 2003
SunGard Corbel
Fundamentals of 401(k) Plans
in OH
November 19, 2003
SunGard Corbel
Will Legislative and Accounting Pension Reforms Threaten Your Company?
in ALL STATES
August 20, 2003
Hewitt Associates
Newly Posted Press Releases
(Post Yours!)
Release of 457 Regulations Focus of October 7 NAGDCAST
(National Association of Government Defined Contribution Administrators, Inc. (NAGDCA))
401(k) Plans Alive and Well Despite Rumors of Decline
(RG Wuelfing & Assoc.)
Handy Links:
- View Today's Active Message Threads
- Search BenefitsLink
- Using the Web for Employee Benefits Research
- Employee Benefits Library
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