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April 11, 2011 Get Health & Welfare News  |  Advertise  |  Unsubscribe  |  Past Issues  |  Search

Obama Plan to Boost Retirement Security, Shore Up PBGC Faces Hurdles
"Though pension insurance premiums account for a minuscule share of what it costs employers to pay for workers, businesses are warning that any increases would further shrink the dwindling pool of private employers that offer pension plans." (The Washington Post; free registration required)


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EFAST2-approved 5500s with all schedules and PBGC forms, 1099Rs, 5300 series, FAS 158 (license only the modules you need). Built-in verification and expert live support assures accuracy. PC-based software for economy and maximum security.


Beyond Benchmarking: Building Blocks of a Target Date Fund (PDF)
"To help understand how a target date fund achieves its performance, it is important to first evaluate the investment philosophy and process behind the design of a target date fund series." (National Association of Government Defined Contribution Administrators, Inc.)

Legislative Update of Defined Contribution Plans NAGDCAST (PDF)
2011 Legislative Priorities: NS4RW; Roth 457 Administration Clarification; Non-Spousal Beneficiary Rollovers; Elimination of 1st Day of the Month Rule; Maintain Penalty Free Distribution Rule; Expand Savers Tax Credit; Cooperate on Fee Disclosure Concepts. (National Association of Government Defined Contribution Administrators, Inc.)

Retirement Withdrawals: The Historic Return Dilemma
"This paper examines the accuracy of historic returns for predicting future returns, implications of historic returns for setting withdrawal rates, and the ramifications for retirees following such advice." (Social Science Research Network)

Over 11,000 Employee Plan and Related Tax Returns Examined in 2010, IRS Data Book Shows
"According to the Data Book, the IRS issued 37,414 determination letters in fiscal year 2010, covering initial plan qualification, plan amendments, and plan terminations." (Wolters Kluwer Law & Business)


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How Does Your 401k Plan Compare with the 'Typical' 401k?
"To help you answer this question, we have identified some of the common performance characteristics and features offered by many 401k plans and compiled the statistics below from a variety of sources* that will allow you to benchmark your plan." (401khelpcenter.com)

With Detroit Budget Crisis Workers Face Big Blow to Benefits
"Details of . . . budget plan include: A suspension in payment to the city's general retirement and police and fire pension systems accumulation fund. The fund acts as an investment supplement to cover money lost to the market." (Detroit Free Press)

California City Is 'Ground Zero' on Costs of Pensions
"The dismissals of city workers aren't definite. The city has requested bids from companies. The city had to give six months notice because union agreements require that much warning if jobs are being outsourced . . . ." (Bloomberg BusinessWeek)

Colorado's Public Employees' Retirement Said to Be Among the Most Generous in the Country
"PERA officials criticized [a pension consultant's] assertions, arguing that an analysis should focus on what percentage of a retiree's salary the retiree is drawing, not how much the average retiree's benefit compares to a current worker's salary." (The Denver Post)

A U.S. Annuity Scheme Has Lessons for the Pension Sector
"'The old TIAA-Cref should have been the model for all the 401ks, but because of competitive pressures in the 1990s it wound up reversing its traditional point of view,' notes Zvi Bodie, professor of finance at Boston University, and ad-hoc consultant to the institution's benefits department." (The Financial Times Limited)

[Opinion]
NY State Teachers Unions Push Bad Scheme to Let School Districts Float Bonds to Pay Pension Obligations
"Under the measure . . ., districts [outside NYC] could float 15-year bonds to cover up to $1 bil.lion in pension costs." (NYDailyNews.com)

[Opinion]
Annuities As an IRA Retirement Income Solution
"'Access to low cost annuities through a transparent, objective platform can meaningfully improve monthly income amounts for transitioning employees who seek to 'pensionize' their hard earned retirement savings and maximize their lifetime income stream.'" (Profit Sharing / 401k Council of America)

[Opinion]
Let's Put 'Total Compensation' to the Test and Into Law for Public Employees
"[T]he pension advocates point to research showing that public employees are paid less than private workers even when retirement costs are calculated . . . . What they fail to admit is that these academic studies omit entirely the unfunded liabilities of public pension and retiree medical plans . . . ." (Governing)

Benefits in General; Executive Compensation

[Guidance Overview]
Proposed SEC Compensation Committee Independence and Compensation Consultant Rules
"The proposed rules would permit the exchanges to exempt a category of issuers from the new requirements as they deem appropriate." (Nixon Peabody LLP)

Calculating Executive Pay Figures
"To measure the amounts that executives were paid last year, Sunday Business asked Equilar, an executive compensation data company, to compile and analyze pay data from corporate filings." (The New York Times; free registration required)

Milliman's Monthly Benefit News and Developments, April 2011 (PDF)
The newsletter provides a summary of the previous month's legislative, regulatory, and judicial information on employee benefits and upcoming key dates. (Milliman, Inc.)

Challenges Facing Benefits and Compensation in the Obama Era: 16 Questions on Employers' Minds for 2011 and Beyond (PDF)
"We have developed 16 questions (and answers) that reflect where we are now and what we believe employers need to know to prepare for the possible changes to benefits and compensation yet to come during the remainder of the Obama administration." (The Bureau of National Affairs, Inc. via Epstein Becker & Green, P.C.)

[Opinion]
Enriching a Few ( Executives) at the Expense of Many (Shareholders)
"SOME people say it doesn't really matter how much companies pay their executives, at least as far as the shareholders are concerned. Whether investors prosper depends on the executives' management skill, not on penny-ante items like pay, this argument goes." (The New York Times; free registration required)

[Opinion]
American Benefits Council Letter to DOL Regarding RFI on Reducing Regulatory Burden (PDF)
"There are enormous potential cost savings that would benefit employers, participants, retirees and the environment if the rules more broadly accommodated electronic communication, including the use of home computers and personal phones." (American Benefits Council)

Press Releases


Employee Benefits Jobs

Account Manager - Health Benefits in PA for The Benecon Group, Inc.

Senior Analyst - ERISA Compliance in OH for Charles Schwab

Vice President, Retirement Plan Sales in TX for Charles Schwab

Pension Administrator in CA for Benefit Strategies, Inc.

Pension Consultants/Administrators in NJ for Northern NJ Mid-Size Pension Consulting Firm

Pension Consultants/Administrators in NJ for Northern NJ Mid-Size Pension Consulting Firm

Pension Administrator in NJ for Northern & Central NJ Mid-Size Pension Consulting Firm

Account Manager in PA for Ascensus

Post Your Job on EmployeeBenefitsJobs.com

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Webcasts and Conferences

"401(k) Plan Current Issues Workshop" - Bloomington
in Illinois on May 18, 2011 presented by SunGard Relius

"401(k) Plan Current Issues Workshop" - Cincinnati
in Ohio on May 18, 2011 presented by SunGard Relius

"Form 5500/EFAST 2 Workshop" - Bloomington
in Illinois on May 17, 2011 presented by SunGard Relius

"Form 5500/EFAST 2 Workshop" - Cincinnati
in Ohio on May 17, 2011 presented by SunGard Relius

Choosing a Retirement Solution for Your Small Business Workshop
in Kansas on June 14, 2011 presented by U.S. Department of Labor, Employee Benefits Security Administration (EBSA)

Florida West Coast Employee Benefits Council Annual Educational Workshop
in Florida on April 27, 2011 presented by Florida West Coast Employee Benefits Council

Free Webinar: New ERISA Disclosure Contracts Are Coming: What You Need to Know and Do
Nationwide on May 5, 2011 presented by University Conference Services

HIPAA and Other Health Benefits Laws: Compliance Assistance Seminar
in Texas on May 17, 2011 presented by U.S. Department of Labor, Employee Benefits Security Administration (EBSA)


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Jeanette Hull, News Editor
David Rhett Baker, J.D., Editor and Publisher
dbaker@benefitslink.com

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