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June 22, 2004 - 13371 subscribers
Today's sponsor: DATAIR Employee Benefit Systems, Inc.

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(*Restrictions apply; see website for details.)

(Please visit our sponsors. We try to make sure their products and services will be of interest to you. Thanks! --Editor)
Overview: Final Rules Provide Flexibility In Determining RMD from DB Plans, Annuity Contracts
Excerpt: "CCH Note: The IRS has indicated that most employers and annuity contract issuers will not need to adjust their plans or contract distribution options in order to comply with the regulations. In the event that a plan or contract does need to be amended, the regulations provide a 'good faith compliance period' that will defer the need to make necessary changes until 2006." (CCH News & Information Library)

Should We Raise Social Security's Earliest Eligibility Age?” (PDF)
12 pages; by Alicia H. Munnell, Kevin B. Meme, Natalia A. Jivan, and Kevin E. Cahill. Excerpt: "Raising the EEA ... is probably a realistic option only as part of a package of other changes that restore financial balance and maintain equity in the Social Security program." (Center for Retirement Research at Boston College)

Links to Items on Executive Comp, Benefits in General

IRS Draws a Bead on Executive Compensation
Excerpt: "The IRS means business. Following up on the original examination, which was limited to a general closer scrutiny of executive benefits, the IRS identified eight areas for heightened oversight: ..." (PLANSPONSOR.com; one-time registration required)

IRS to Probe Pay of Some Charities' Executives
Excerpt: "The Internal Revenue Service plans to investigate the 'seemingly high compensation' paid to leaders of some tax-exempt and charitable organizations, the agency's commissioner said Tuesday." (AP via Washington Post; one-time registration required)

Overview: House Approves International Tax Bill with Changes to Nonqualified Deferred Comp Rules
Excerpt: "The House bill would amend the Internal Revenue Code to add a new section 409A to provide specific rules for taxing compensation deferred under nonqualified deferred compensation plans. In general, participants would be required to include such compensation in gross income when deferred (or when no longer subject to a substantial risk of forfeiture, if later) unless the plan at all times satisfied specific requirements." (Deloitte's Washington Bulletin)

Newly Posted Events

Getting It Right – Know Your Fiduciary Responsibilities
in Massachusetts on September 8, 2004
presented by U.S. Department of Labor, Employee Benefits Security Administration (EBSA)

Great Lakes Benefits Conferences
in Illinois on May 5, 2005
presented by ASPA (American Society of Pension Actuaries)

Joint ASPA and WP&BC Conference
in California on July 24, 2005
presented by ASPA (American Society of Pension Actuaries)

Los Angeles Benefits Conference
in California on January 27, 2005
presented by ASPA (American Society of Pension Actuaries)

New Distribution Rules for Defined Benefit Plans Webcast
Nationwide on September 22, 2004
presented by ASPA (American Society of Pension Actuaries)
Newly Posted Press Releases

International Foundation Launches Monthly Benefits & Compensation Digest
(International Foundation (of Employee Benefit Plans, or IFEBP))

Something new is available from NCPERS: Group Long Term Care Insurance.
(National Conference on Public Employee Retirement Systems)

Gilsbar, Inc. and MedCom Care Management, Inc. Welcome New Vice President
(Gilsbar, Inc.)

Council welcomes unanimous Supreme Court ruling in Davila and Calad ERISA cases
(American Benefits Council)

Supreme Court Ruling on Health Care Claims Raises Important Policy Issues: American Benefits Council Responds to Critics of Today's Davila, Calad Rulings
(American Benefits Council)

Incentives for Long-Term Care Insurance Included in Senate Bill on Alzheimer's Research
(American Council of Life Insurers)

Class I Almost Sold Out! Class II Announced... Leading in an Ownership Setting: The Program for CEOs
(ESOP Association)

CIGNA Statement Regarding U.S. Supreme Court's Unanimous Decision Upholding ERISA Preemption of State Laws
(CIGNA Corporation)

McCready and Keene Discloses Fees to Investment Advisors
(McCready & Keene, Inc.)

Peoria-Area Retirement Plan Professional Promoted At Alliance Benefit Group of Illinois
(Alliance Benefit Group of Illinois)
Movers and Shakers: Newly Posted Announcements of Promotions and New Personnel
(Post Yours!)

Jackie Kingsbury and Chris Baker (Pension Resource Group)
Newly Posted or Renewed Job Openings
Post a Help Wanted Ad

Director of Pension Administration
for Associated Pension Consultants
in CA

Lateral Attorney
for Slevin & Hart, P.C.
in DC

Atlanta Recordkeeping Manager
for AMVESCAP Retirement, Inc.
in GA

Pension Administrator
for Snyder Cohn
in MD

Small Business 401(k) Sales
for Wells Fargo Bank
in CA, IA, OR, UT, WA, WI

Attorney
for Norfolk Southern Corporation
in VA

401(k) Compliance Specialist
for TPA Firm in Southeastern MI
in MI

Senior Employee Benefits Attorney
for Citistreet
in FL

Defined Contribution Administrator
for Pension Performance, Inc.
in IL

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