Pension Reporter System. Easy to use PC based software for EFAST2 electronic filing. Full instructions and expert support. Choose from 4 modules: - Annual Reporting Series: EFAST2 5500-series, PBGC Premium-series, SAR + all schedules and attachments
- 1099-R Series: with related forms and 1099 electronic filing/Service Bureau
- Qualification & Termination: 5300/5310-series and PBGC 500/600-series forms
- FAS 132/158: Audit Letter, Worksheets, Schedules
sales@datair.com or call (888) 324-2474
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[Guidance Overview]
IRS Issues Guidance on Basis Reporting Errors (PDF)
2 pages. Excerpt: "The IRS recently issued unofficial guidance on Form 1099-R reporting error due to failure to take into account a participant's basis for annuity payments received from a section 401(a) qualified plan."
(Groom Law Group)
Workers with Low Social Security: Implications for Reform
Excerpt: "To meet long-term, low-wage workers' needs, policymakers could adjust Social Security's bend points or replacement percentages; create a new minimum benefit; or adjust current law's special minimum benefit so it provides support greater than the poverty level."
(Urban Institute)
The Data Layouts for Retirement Income Solutions (PDF)
72 pages. Excerpt: "The Data Layouts for Retirement Income Solutions . . . were developed by The SPARK Institute in order to facilitate uniform expectations among retirement income product providers and record keepers who decide to offer these products and solutions in employer sponsored retirement plans."
(The SPARK Institute)
Pension and OPEB Accounting: A Study of the IASB's Proposal
60 pages. Excerpt: "The International Accounting Standards Board (IASB) has proposed changes to its standard on employers' accounting for defined benefit pensions and other postretirement benefits. While the proposal is not the result of joint deliberations with the Financial Accounting Standards Board (FASB), both boards intend to eventually adopt a converged standard."
(PricewaterhouseCoopers LLP)
How Reminders Increase Saving
Excerpt: "We develop and test a simple model of limited attention in intertemporal choice. The model posits that individuals fully attend to consumption in all periods but fail to attend to some future lumpy expenditure opportunities."
(National Bureau of Economic Research; paid subscription or individual purchase required to retrieve fulltext)
Does Stock Market Performance Influence Retirement Expectations?
Excerpt: "While media reports predicted substantial changes in labor supply behavior due to the sharp decline in the value of the stock market in October 2008, empirical evidence on the relationship between equity markets and retirement is mixed."
(National Bureau of Economic Research; paid subscription or individual purchase required to retrieve fulltext)
California's Dual Pension Crisis (PDF)
11 pages. Excerpt: "The stark contrast between the guaranteed and increasingly expensive pensions and retiree health benefits enjoyed by most public workers in California and the less secure (and often missing) retirement plans of private-sector workers has touched off pension envy."
(New America Foundation)
ASPPA credentials place you at the top of the pension profession. The Certified Pension Consultant (CPC) credential is conferred by ASPPA to benefits professionals working in plan administration, pension actuarial administration, insurance, and financial planning. CPCs work alongside employers to formulate, implement, administer and maintain qualified retirement plans.
Learn more and register for the CPC modules at www.asppa.org/cpc today.
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Benefits in General; Executive Compensation
[Guidance Overview]
Option Vesting on Change in Control: Timely Constructive Termination Notice
Excerpt: "The federal Court of Appeals for the Ninth Circuit recently held that an executive was not required to give notice of constructive termination until the executive had sufficient detail about a promised position to determine whether that position would involve a substantial reduction in responsibilities."
(Utz, Miller & Eickman, LLC)
[Guidance Overview]
Wall Street Reform Provisions Relating to Corporate Governance, Executive Compensation and Disclosure (PDF)
Excerpt: "Under Dodd-Frank shareholders of U.S. public companies will have a nonbinding 'say on pay' vote for named executive officers, new standards relating to the independence of compensation committees and compensation advisors are mandated, current and former executive officers may be forced to return compensation if a restatement of financial statements triggers a 'clawback' . . . ."
(Orrick, Herrington & Sutcliffe LLP)
[Guidance Overview]
Defense of Marriage Act Found Unconstitutional by Federal Trial Court in Massachusetts
Excerpt: "EBIA Comment: The U.S. government must now decide whether to appeal, and it is impossible to predict how the issues will fare in the court of appeals (or potentially in the Supreme Court). The matter of DOMA's validity is significant in the benefits arena, of course, given the federal tax implications for benefits provided to same-s.ex spouses and the impact DOMA has on other benefit rules (including, among others, whether same-s.ex spouses have COBRA and HIPAA special enrollment rights)."
(Employee Benefits Institute of America)
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