Many retirement plan administrators and financial institutions are looking for a straight forward and accurate way of calculating federal and state withholding taxes on pension plans. SunGardís Omni Tax Calculator can help you efficiently perform these tax calculations by accessing current withholding tax tables via data entry or via system-to-system connectivity for numerous distribution transactions. Learn more about SunGardís Omni Tax Calculator by downloading
our free trial version
The Impact of Mergers, Acquisitions and Dispositions on Your Retirement Plan
20 pages. Excerpt: "A slight variation in details surrounding a purchase or sale transaction may present different legal and regulatory issues for your retirement plan(s). Use this white paper to guide and enhance discussions about your retirement plan(s)."
(The Principal Financial Group)
The Gospel According to 401(k) Reformer Matthew Hutcheson
Excerpt: "An advocate . . . for higher fiduciary standards and greater fee transparency throughout the financial services industry, [Matthew Hutcheson] has testified before Congress, written articles and books, helped start the 401(k) rating service, Brightscope.com, and been active in the year-old Committee for the Fiduciary Standard."
(Retirement Income Journal)
Auto-IRA Legislation Introduced in Both Houses of Congress
Excerpt: "The bills set the stage for serious work on the proposals in the next Congress. Auto-IRAs are a key plank in the Obama administration's retirement policy agenda, and the bills may draw support from Republicans who have backed prior auto-IRA bills."
Opinion: Union Plans Want to Be Next Pension Bailout
Excerpt: "Big Labor is going Code Red on the issue, in the face of a looming accounting change that would force companies to confront the Ponzi-style nature of multi-employer pension plans."
(Wall Street Journal)
This year's program for DOL Speaks provides an opportunity to discuss employee benefits issues with colleagues and local, regional and national government employees from the US Department of Labor, including the new DOL Fee Disclosure Regs! Exchanging information and get educated about current regulatory, legislative, fiduciary, health benefits and retirement topics straight from the source. Designed for motivated and involved benefit plan professionals from across the country and the industry!
Register before August 20 and save $100. Visit www.asppa.org/dol.
Benefits in General; Executive Compensation
What Effect Will DOMA Cases Have on Benefit Plans?
Excerpt: "Although numerous federal laws are affected by the definition of a spouse, of particular note are those statutes affecting surviving spousal benefits, spousal consent requirements, qualified domestic relations orders, COBRA, flexible spending accounts, and taxation of medical benefits."
(BNA Federal Tax Blogs)
Employee Ownership Update for August 16, 2010
NCEO Executive Director Corey Rosen discusses the following: A survey found a large drop in employee engagement, an important predictor of corporate success. The NCEO is getting more calls from people seeking ESOP distributions or equity rights they were promised. The UK has started privatizing public services. The NCEO now has a list of ESOP companies available. The NCEO seeks input on the site for its 2013 conference and is cosponsoring the Ownership Thinking conference.
(National Center for Employee Ownership)
Mr. President, It's Time to Climb the Social Security Actuarial Learning Curve
Excerpt: "The Democratic doctrine requires doing everything possible to preserve Social Security in its current form. That includes using sentimental rhetoric to trumpet good news while obscuring any bad news, such as acknowledging that this year the vaunted program will pay out more than it takes in. The Republican doctrine requires not lifting a finger to get in the way of Democrats' preservation effort."
(Amity Shlaes via Bloomberg.com)
Webcasts and Conferences
Newly Posted Employee Benefits Jobs
Subscribe to the BenefitsLink Health & Welfare Plans Newsletter, Too!
Sign-up form is at https://benefitslink.com/newsletter (free).
This email has been published by:
1298 Minnesota Avenue, Suite H
Winter Park FL 32789
Fax: (407) 644-2151
Jeanette Hull, News Editor
David Rhett Baker, J.D., Editor and Publisher
Copyright 2010 BenefitsLink.com, Inc.; except that you can
forward this email in full (including this boilerplate part) or
otherwise reprint this email in full (including this boilerplate
part) without obtaining our permission.
Anyone can receive these emails; just have them sign up
at this web page: https://benefitslink.com/newsletter/
Other useful links: