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DOL Proposed Regulations on Target Date Funds (PDF)
2 pages. Excerpt: "The regulations contain proposed amendments to the Qualified Default Investment Alternative . . . final regulations published on October 24, 2007, and to the Participant Fee Disclosure final regulations published on October 20, 2010."
(Transamerica Center for Retirement Studies)
Head of a State Taxpayers Group Calls Government Employee Pensions in Illinois 'Looney'
Excerpt: "Jim Tobin, president of National Taxpayers United of Illinois, held a news conference at the St. Charles Public Library to discuss what he called a threat to every Illinois taxpayer. . . . Tobin also released names of retired Kane County government employees who are receiving what he called 'lavish, gold-plated pensions.'"
(Sun-Times Media, LLC)
The Impact of Educational Attainment on Worker Retirement Outlook (PDF)
61 pages. Excerpt: "The 11th Annual Transamerica Retirement Survey found that the levels of educational attainment among American workers are strongly correlated to their retirement confidence, as well as their ability to save and plan for retirement."
(Transamerica Center for Retirement Studies)
Retirement Resolutions for 2011: Beefing Up That Three-Legged Stool
Excerpt: "First of all, do you have a traditional pension plan at work? If so, you are in luck--our research shows that middle-class Americans with income from a traditional pension are most likely to remain financially secure in retirement."
(National Institute on Retirement Security)
Mark-to-Market Pension Accounting As a Strategy (PDF)
6 pages. Excerpt: "In light of an expected shift to mark-to-market (MTM) accounting of pension assets and liabilities mandated by regulatory standards, [Aon Hewitt reviews the MTM approach and examines] why plan sponsors might consider adopting the change now."
The Callan DC Index(tm) Third Quarter 2010
Excerpt: "The Callan DC Index(tm) is an equally-weighted index tracking the cash flows and performance of more than 70 plans, representing greater than 800,000 defined contribution participants and more than $70 bil.lion in assets. The index is updated quarterly and reflects 401(k) plans as well as other types of defined contribution plans."
(Callan Associates Inc.)
403(b) Plan Response to Changing Conditions
16 pages. Excerpt: "Plan sponsors took a variety of actions in the last year in response to regulatory and economic changes. 47.9 percent of organizations increased their employee education efforts, and 22.6 percent of organizations added investment advice for participants. 30.5 percent of organizations changed the investment lineup, including 48.0 percent of large organizations."
(Profit Sharing / 401k Council of America)
How Does Your Defined Contribution Program Measure Up
Excerpt: "Over the past couple of years, a growing number of plan providers have brought to market a new set of plan diagnostic measures, measures that not only show individual and plan balances, but also project those balances out to an estimate of what those balances will provide in retirement income, or presented as a measure of retirement readiness - compared to an established level of income replacement."
Earn your missing CPE credits for the 2009/2010 cycle. Get the latest on hot regulatory and technical issues all at your convenience with ASPPA’s webcasts. Topics include: hybrid plans, participant fee disclosure, cash balance plan basics, redefining fiduciary status, the 2009 5500 process and much more! Visit www.asppa.org/webcasts
for more information and to register.
Benefits in General; Executive Compensation
How Employers Are Faring Under Barack Obama: An Update on Federal Proposals that Would Affect the Workplace
Excerpt: "The three most significant legislative proposals that many expected to pass in 2009 were identified in a previous article in this journal: The Employee Free Choice Act, Re-Empowerment of Skilled and Professional Employees and Construction Trade-Workers Act, and the Healthy Families Act. In a follow-up this article examines why these Acts have thus far failed to become law and whether they are likely to pass in the future, and in addition examines the Paycheck Fairness Act which is predicted to become law during this session of Congress."
(HR Advisor via Vorys, Sater, Seymour and Pease LLP)
HR Leaders Voice Expectations in Terms of New Trends and Developments in 2011
Excerpt: "On the legislative front, HR leaders should pay attention to the recently announced findings of President Obama's Deficit Reduction Commission, which call for increasing the age of Social Security eligibility to 69 by 2075 and curtailing the tax-favored status of contributions to employer-sponsored pension and healthcare plans, says Mike Aitken, director of government affairs at the Society for Human Resource Management in Alexandria, Va."
(Human Resource Executive Online)
Employee Ownership Update for December 15, 2010
Corey Rosen discusses the following: The deficit commission's suggested changes to retirement plans could affect ESOPs. The NCEO responded to the DOL's proposal to define ESOP appraisers as plan fiduciaries. Give your colleagues the ideas in '12 Bogus Reasons Not to Do an ESOP.' One performance award type may work well for private companies. Employee ownership fellowships are available at Rutgers. Self-nominations are available for the Winning Workplaces awards. The NCEO has a job opening. (The National Center for Employee Ownership
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