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2011 NIPA Annual Forum & Expo (2011NAFE) – May 1-4 in Las Vegas (advert.)
The 2011NAFE is the premier event for retirement plan professionals. Register and reserve your hotel by March 25 to save $100 AND be entered into a drawing to win one free night at the Planet Hollywood Resort & Casino in Las Vegas during 2011NAFE!
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[Guidance Overview]
Supreme Court Lets Stand Monsanto Cash Balance Ruling
"The U.S. Supreme Court has turned away a requested review of an appellate court decision that a provision in Monsanto Co.'s cash balance pension plan that cut off interest credits once participants reached age 55 did not discriminate against older workers."
(PLANSPONSOR)
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[Guidance Overview]
Court Finds QDIA Switch not an ERISA Breach
"A Louisville medical center did not breach its fiduciary responsibility by transferring the plan balances of two . . . employees from a stable value fund to an asset allocation fund without the participants telling them to do so, a judge has ruled."
(PLANSPONSOR)
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Target Retirement 2010 Fund Continues Beyond 'Retirement' Date
"Vanguard Target Retirement 2010 Fund -- like the 2005 Fund before it -- continues to exist even after its 'retirement' date has passed. Based on our research of how participants actually use their retirement assets, Vanguard believes the design of target-date funds should consider investor behavior not only up to retirement, but well into the actual years of retirement -- with portfolio objectives that balance current income with the potential for capital growth."
(The Vanguard Group, Inc.)
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Register for ASPPA’s Spring Exams! (advert.)
ASPPA’s Education and Examination programs provide affordable and convenient ways of earning credentials and Continuing Professional Education (CPE) credits. Register before April 14 at asppa.org/education to save money with the "early bird" discount
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Total Employer-Based Retirement Plan Assets at $10T in 2010
"According to Spectrem, defined benefit (DB) plans account for 84% of the retirement plan assets held for public sector employees while defined contribution (DC) plans account for 62% of the assets held for private sector employees."
(PLANSPONSOR)
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[Opinion]
Why Liberals Should Back Social Security Reform
"Liberals should not be fighting Social Security reform -- they ought to be leading the charge for change, for a simple reason: The program is no longer progressive. Contrary to popular opinion, the structure of federal retirement programs today favors middle and high earners over less well-off retirees."
(The Washington Post; free registration required)
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[Opinion]
A Liberal Plan for Social Security
"Writing today on the op-ed page of The Washington Post, Robert Pozen makes the case that liberals should support changes to Social Security."
(The New York Times; free registration required)
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Benefits in General; Executive Compensation
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How to Recruit, Retain & Retire Key Employees: Nonqualified Deferred Compensation Plan Survey Results
"Recent press reports suggest employers fear they may lose key employees and executives due to talent competition in an improving job market. One way employers may address this issue is by offering nonqualified deferred compensation (NQDC) plans -- but the question is how much employers view this benefit as an effective way to reduce potential talent loss and recruit new talent from other employers."
(Principal Financial Group)
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G.ay Spouses and Federal Government Benefits
"While the Obama administration's position on the Defense of Marriage Act is evolving, federal employees who have been victimized by the law remain where they always have been -- stuck without benefits for their same se.x spouses."
(The Washington Post; free registration required)
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Employee Benefits Update, March 2011 (PDF)
The five-page newsletter presents select compliance deadlines and reminders; retirement plan developments; and, health and welfare plan developments.
(Reinhart Boerner Van Deuren s.c.)
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