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June 17, 2004 - 13578 subscribers
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Compilation of Research Studies on Hybrid Pension Plans
Excerpt: "The following is a compilation of research on cash balance and other hybrid pension plans compiled by Covington & Burling. Within these documents, there are links to various pages in the research outline and the underlying research studies." (ERISA Industry Committee)
Federal Government's Thrift Savings Plan Institutes 24-Hour Participant Help Line
Excerpt: "Callers will be able to speak with TSP representatives on weekdays between 7 a.m. and 9 p.m EST. At all other times, TSP participants will be routed into an automated answering system that will be able to provide account or transaction information." (GovExec.com)
Ohio Governor Signs Pension Reforms Into Law
Excerpt: "Gov. Bob Taft signed a bill Wednesday that overhauls the state's five public pension boards following reports of questionable spending and ethics violations. The boards, which represent hundreds of thousands of retired public employees, must adopt ethics and travel policies under the new law." (Cincinnati Enquirer)
California Legislators Refuse to Consider Bill to Stop Expansion of 'Public Safety' Pensions
Excerpt: "Both houses of the Legislature say that a bill to roll back controversial public safety pensions for 3,200 workers belongs in the other chamber. The strange history of SB 9 took a surreal twist this week when the Senate shut its doors and posted a sign to prevent the Assembly from trying to hand off the legislation." (Sacramento Bee)
Overview: No Prohibited Transaction for Certain Blind Securities Transactions
DOL Advisory Opinion 2004-05A (May 24, 2004). Excerpt: "Although only the parties identified in an advisory opinion can rely on it, this advisory opinion is a must read for any 401(k) plan fiduciaries or administrators using or contemplating the use of alternative trading systems for selling and buying plan securities." (Employee Benefits Institute of America Inc. (EBIA))
Opinion: Defined Benefit Pension Guarantees-- the Other Social Insurance Crisis
Excerpt: "[T]he ERISA law enables companies with chronically underfunded plans to receive an implicit subsidy from companies with sound plans. When a company gives employees a pay raise, it pays for the raise immediately. But when the company hikes the employees' pension, it can defer the cost for up to 30 years." (Carl F. Horowitz on Mises.org)
Links to Items on Executive Comp, Benefits in General
Hewitt Federal Legislation Quick Guide: June 8, 2004
Excerpt: "Hewitt's Federal Legislation Quick Guide provides short updates on federal legislation that is currently under active consideration by Congress or has recently been enacted into law, regarding health and welfare benefit plans, retirement plans, and human resources and employment law. Click ... to learn more about pending legislation in each area. These files were updated on June 8, 2004." (Hewitt)
Stock Option Accounting Reform Act (H.R. 3574) as Approved by the House Financial Services Committee (PDF)
9 pages. (American Benefits Council)
Testimony: Social Security Numbers-- Use Is Widespread and Protections Vary
26 pages. Testimony by Barbara D. Bovbjerg, director, education, workforce, and income security issues, before the Subcommittee on Social Security, House Committee on Ways and Means. GAO-04-768T, June 15. Highlights at http://www.gao.gov/highlights/d04768thigh.pdf (U.S. General Accounting Office)
Newly Posted Events
Cross-Tested Plan Workshop - Explore the Possibilities
in Georgia on September 23, 2004
presented by SunGard Corbel
Cross-Tested Plan Workshop - Explore the Possibilities
in Arizona on September 1, 2004
presented by SunGard Corbel
Cross-Tested Plan Workshop - Explore the Possibilities
in Utah on September 1, 2004
presented by SunGard Corbel
Cross-Tested Plan Workshop - Explore the Possibilities
in Texas on September 1, 2004
presented by SunGard Corbel
Cross-Tested Plan Workshop - Explore the Possibilities
in Washington on September 9, 2004
presented by SunGard Corbel
Cross-Tested Plan Workshop - Explore the Possibilities
in Tennessee on September 16, 2004
presented by SunGard Corbel
Cross-Tested Plan Workshop - Explore the Possibilities
in Texas on September 16, 2004
presented by SunGard Corbel
Cross-Tested Plan Workshop - Explore the Possibilities
in District of Columbia on September 22, 2004
presented by SunGard Corbel
Cross-Tested Plan Workshop - Explore the Possibilities
in Massachusetts on September 23, 2004
presented by SunGard Corbel
Cross-Tested Plan Workshop - Explore the Possibilities
in Pennsylvania on September 23, 2004
presented by SunGard Corbel
Cross-Tested Plan Workshop - Explore the Possibilities
in Mississippi on September 28, 2004
presented by SunGard Corbel
Cross-Tested Plan Workshop - Explore the Possibilities
in North Carolina on September 30, 2004
presented by SunGard Corbel
Cross-Tested Plan Workshop - Explore the Possibilities
in Minnesota on September 30, 2004
presented by SunGard Corbel
Cross-Tested Plan Workshop - Explore the Possibilities
in New York on September 30, 2004
presented by SunGard Corbel
Empowerment and Paternalism: The New Retirement Paradigm
Nationwide on June 28, 2004
presented by Financial Engines, Inc.
Safe Harbor 401(k) Plan Workshop - Discover the Advantages
in Texas on September 2, 2004
presented by SunGard Corbel
Safe Harbor 401(k) Plan Workshop - Discover the Advantages
in Arizona on September 2, 2004
presented by SunGard Corbel
Safe Harbor 401(k) Plan Workshop - Discover the Advantages
in Utah on September 2, 2004
presented by SunGard Corbel
Safe Harbor 401(k) Plan Workshop - Discover the Advantages
in Washington on September 10, 2004
presented by SunGard Corbel
Safe Harbor 401(k) Plan Workshop - Discover the Advantages
in Texas on September 17, 2004
presented by SunGard Corbel
Safe Harbor 401(k) Plan Workshop - Discover the Advantages
in Tennessee on September 17, 2004
presented by SunGard Corbel
Safe Harbor 401(k) Plan Workshop - Discover the Advantages
in District of Columbia on September 23, 2004
presented by SunGard Corbel
Safe Harbor 401(k) Plan Workshop - Discover the Advantages
in Georgia on September 24, 2004
presented by SunGard Corbel
Safe Harbor 401(k) Plan Workshop - Discover the Advantages
in Massachusetts on September 24, 2004
presented by SunGard Corbel
Safe Harbor 401(k) Plan Workshop - Discover the Advantages
in Pennsylvania on September 24, 2004
presented by SunGard Corbel
Safe Harbor 401(k) Plan Workshop - Discover the Advantages
in Mississippi on September 29, 2004
presented by SunGard Corbel
Second Annual 412i Bootcamp Training Program
Nationwide on July 29, 2004
presented by The 412(i) Company
Treasury Officials to Discuss Expected Late June Health Savings Accounts Guidance
Nationwide on July 13, 2004
presented by Employers Council on Flexible Compensation (ECFC)
Newly Posted Press Releases
As Medicare Drug Discount Cards Debut, Questions Remain About 2006 Insurance Program
(Employee Benefit Research Institute (EBRI))
Continued Drop in Job-Based Health Insurance Seen Because of Rising Costs and Structural Changes
(Employee Benefit Research Institute (EBRI))
U.S. Secretary of Labor Elaine L. Chao Meets With 2004 ERISA Advisory Council
(U.S. Department of Labor, Office of Public Affairs, Washington, D.C.)
Newly Posted or Renewed Job Openings
Retirement Plan Consultant
for Pension Benefits Unlimited, Inc.
in CA
Regional Director, GS-1801-15
for U.S. Department of Labor, Employee Benefits Security Administration
in TX
Defined Contribution Administrator
for Part- and full-time positions available at suburban Philadelphia TPA firm
in PA
Account Manager/Broker Assistant
for King Insurance Services
in CA
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