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DATAIR Defined Benefit Software (advert.)
PC-based software for proposals, compliance testing and valuations with PBGC reporting, employee statements and termination calcs. Supports wide range of plan designs including Cash Balance and 412(e)(3). Cost-effective systems with expert support.
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[Guidance Overview]
IRS Clarifies Meaning of 'Publicly Traded' for ESOPs
"Only employer stock that satisfies the regulatory definition is considered publicly traded for ESOP purposes. ESOPs holding any other employer stock must satisfy the ESOP requirements that apply to non-publicly traded companies, even if the employer stock is traded on the over-the-counter bulletin board or otherwise."
(Warner Norcross & Judd LLP)
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Linking 401(k) Participation to Open Enrollment
"New research from Bank of America Merrill Lynch shows that when employers present employees with an easy, one-click option to enroll in or make a contribution change to their 401(k) plan during the annual health benefits process, the result is significant increases in 401(k) participation . . . ."
(Employee Benefit News; free registration required)
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AICPA Balks at Proposed Change in Fiduciary Definition
"We firmly believe . . . that treating the sponsor company valuation analyst as a plan fiduciary is exactly the wrong way to address this issue. In fact, defining the valuation analyst as a fiduciary will be disadvantageous to benefit plan participants for several reasons."
(AccountingWEB)
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[Opinion]
Why Public Pensions Are Doomed
"Government officials have simply proven unable to understand the long-term financial repercussions of promising pension benefits to workers."
(The Motley Fool)
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[Opinion]
Are State Pensions Underfunded? and If So, What Should We Do About It?
"[T]he bottom line is that the correct questions to ask about pension plans are: 1) Are they estimating a realistic rate of return going forward? 2) If so, are they sufficiently funded? And 3) If not, what should be done?"
(The Washington Post; free registration required)
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Benefits in General; Executive Compensation
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Los Angeles Mayor Calls for Curbs in City Workers' Benefits
"Villaraigosa said he would also work to ensure that pensions of newly hired civilian employees do not exceed 75% of a worker's annual salary. Existing civilian workers can receive pensions equal to 100% of their salaries after working 46.3 years."
(Los Angeles Times)
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Bill Gates Says Benefits Costs Hit Schools
"Mr. Gates in an interview said he will use a high-profile conference Thursday in Long Beach, Calif., to urge that more attention be paid to how states calculate their employee-pension funding and health-care obligations."
(The Wall Street Journal)
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GOP Aims to Tame Benefits Programs
"House Speaker John Boehner said Thursday that he's determined to offer a budget this spring that curbs Social Security and Medicare, despite the political risks, and that Republicans will try to persuade voters that sacrifices are needed."
(The Wall Street Journal)
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Benefits Issues to Watch in 112th Congress
"Oversight of the Pension Benefit Guaranty Corporation (PBGC) may receive legislative attention. The HELP Committee held a hearing 'PBGC: Is Stronger Management and Oversight Needed?' in December 2010."
(Towers Watson)
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Press Releases
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