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July 9, 2004
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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)
Microsoft Seeks Savings in Employee Benefit Cuts
Excerpt: "Microsoft is seeking $1 billion in cost reductions and increased efficiencies, and its business strategy for the coming year will include cutting some employee benefits. Cuts will include Microsoft's employee stock purchase plan and prescription-drug benefit. NPR's Wendy Luftman reports." (National Public Radio)

Overview: IRS Guidance on HSAs and State-Mandated Benefits Laws (PDF)
2 pages. (The Segal Company)

Overview: FASB's Final Guidance on the 2003 Medicare Reform Law's Impact on FAS 106 Accounting (PDF)
2 pages. (The Segal Company)

Opinion: It's Health vs. Wealth
Excerpt: "John Kerry has proposed an ambitious health care plan that would extend coverage to tens of millions of uninsured Americans, while reducing premiums for the insured. To pay for that plan, Mr. Kerry wants to rescind recent tax cuts for the roughly 3 percent of the population with incomes above $200,000." (Paul Krugman in the New York Times; one-time registration required)

Links to Items on Executive Comp, Benefits in General

GAO Testimony: Accounting for Stock Options and Other Share-Based Payments
8 pages; July 8, 2004. Prepared written testimony by David M. Walker, comptroller general of the United States, before the Subcommittee on Commerce, Trade, and Consumer Protection, House Committee on Energy and Commerce. (U.S. General Accounting Office)

Newly Posted Events

Fundamentals of 401(k) Plans
in Texas on October 7, 2004
presented by SunGard Corbel

Fundamentals of 401(k) Plans
in Pennsylvania on October 7, 2004
presented by SunGard Corbel

Fundamentals of 401(k) Plans
in Washington on October 7, 2004
presented by SunGard Corbel

Fundamentals of 401(k) Plans
in Georgia on October 28, 2004
presented by SunGard Corbel

Fundamentals of Qualified Plans
in Minnesota on October 21, 2004
presented by SunGard Corbel

Fundamentals of Qualified Plans
in North Carolina on October 21, 2004
presented by SunGard Corbel

Health Savings Accounts and Flexible Spending Accounts
in Georgia on July 15, 2004
presented by Worldwide Employee Benefits Network (WEB) - Atlanta Chapter

New Medicare Prescription Drug Act--What does it mean for your plan?
Nationwide on July 22, 2004
presented by International Foundation of Employee Benefit Plans
Newly Posted Press Releases

Ernst & Young's 2004 Entrepreneur of the Year Award
(Sentinel Benefits)

HSAs May Prove Only Marginally Useful in Creating Required Retiree Health Savings
(Employee Benefit Research Institute (EBRI))

ERIC Praises House Ed and Workforce Drive to Get the Facts About Cash Balance / Hybrid Plans
(ERIC (ERISA Industry Committee))

SouthWest Benefits Association Announces Its New Officers
(SouthWest Benefits Association)

Witnesses Express Concern about the Future of the Defined Benefit System, Warn Loss of Cash Balance Plans Would Undermine Worker Retirement Security
(U.S. House Committee on Education and the Workforce)

Symmetry Software releases online State & Federal Withholding Forms solution
(Symmetry Software)

Pilot Program Validates Resources For Living's Integrated Coaching Model for Obesity Disease Management
( Resources For Living (RFL))
Newly Posted or Renewed Job Openings
Post a Help Wanted Ad

Tax Manager - Employee Benefits Tax Services
for Deloitte
in PA, VA

Tax Senior Employee Benefits Tax Services
for Deloitte
in PA

Retirement Plan Administrator
for BCL Financial Management Consultants, Inc.
in IL

Retirement Services District Manager (Minneapolis)
for ADP Retirement Services
in MN

Qualified Plan Administrator
for Pension Services Corporation
in MO

Financial Operations Specialist
for BISYS Retirement Services
in PA

New Business Representative
for BISYS Retirement Services
in PA

Supervisor, Financial Operations
for BISYS Retirement Services
in PA

Handy Links:
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