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July 15, 2004
Today's sponsor: DATAIR Employee Benefit Systems, Inc.

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

DATAIR Pension & Benefits Software Sale
License one DATAIR system and receive another one of equal or lower
price without license fee!*
Regardless if you're just starting out in the business or looking to
expand your services, you can take advantage of this limited time offer.
Choose from:
DC/401(k) System             Retirement Plan Documents
Defined Benefit System       Pension Reporter
Cafeteria Administration     Cafeteria Plan Documents
Client Manager
Contact sales@datair.com or call 1-888-328-2474.
(*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)
United Delays Payments to Pensions
Excerpt: "United Airlines said yesterday that it would put off making $72.4 million in payments to its employee pension funds, a move that experts said signaled that the airline was likely to seek deep cuts in one or more of its retirement plans." (New York Times; one-time registration required)

Qwest Retirees Sue DOL
Excerpt: "Angry over a lack of information from the government, Qwest Communications retirees have sued the Labor Department to get details from an ongoing audit of a company pension fund that lost about $6 billion over a three-year period." (AP via The Arizona Republic)

The Top Five Things Practitioners Need to Know About IRAs Now
Excerpt: "Be Aware of State Statutes Affecting IRAs ... Be Aware of Case Law Regarding IRAs ... Trusts May Be Worth the Trouble ... Estate Beneficiaries Are Not the End of the World ... Read the IRA Agreement" (Attorney Kristen M. Lynch in the Florida Bar Journal)

Pennsylvania County Scraps Early Retirement Incentive Program on Actuary's Advice
Excerpt: "Lackawanna County won't offer early retirement incentives to about 200 employees 55 years and older because the move would end up costing the county more in the long run, the county commissioners announced Wednesday." (ScrantonTimes.com)

SEC Proposes New Oversight on Hedge Funds
Excerpt: "The Securities and Exchange Commission proposed Wednesday to clamp new oversight on hedge funds, traditionally investment pools for the wealthy that regulators said are growing and largely unregulated." (AP via Washington Post; one-time registration required)

Links to Items on Executive Comp, Benefits in General

Some Are Pulling the Plug on HR Management Systems
Excerpt: "The complexity of installing and maintaining human resources management systems is prompting many companies to bypass them altogether. As large companies turn to total business process outsourcing, software companies could find themselves endangered, and are working hard to lock up contracts with outsourcing giants." (Workforce.com)

Cracking Employer Secrets
Excerpt: "Will this company be able to take care of me in retirement? ... Is the 401(k) program loaded with lousy funds? ... Is the company as family-friendly as it claims?" (BusinessWeek)

Newly Posted Events

Practical Tips For Successful HR Management In California
in California on August 10, 2004
presented by REACH Financial Group, LLC
Newly Posted Press Releases

First Program To Integrate Independent Payroll, Retirement and Financial Consulting Services in One Package
(Principal Financial Group)

Aetna Launches Employee Assistance Program; New Program Provides Means to Manage Work/Life Issues
(Aetna)
Newly Posted or Renewed Job Openings
Post a Help Wanted Ad

Actuarial Associate- Retirement
for Towers Perrin
in CT, DC, GA, MA, NJ, NY, PA

Senior Plan Administrator
for Galusha, Higgins, & Galusha, P.C.
in MT

401(k) Administrator
for Rockford Pensions, LLC
in DE

Enrollment Coordinator, #0401461
for Manulife Financial, Glendale, CA
in CA

401(k)/PS Plan Administrator
for Southern Pension Services
in FL

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Editor and Publisher: David Rhett Baker, J.D.

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