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[Guidance Overview]
Failure to Withhold Elective Deferrals
"This article will discuss the suggested IRS correction when an employer fails to withhold deferrals from an individual's bonus pay."
(McKay Hochman Co., Inc.)
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Current Pension Accounting Practices Are Not Giving States a True Picture of Their Debt
"Andrew G. Biggs, Resident Scholar at the American Enterprise Institute, contended that economist are almost universal in believing that the accounting rules governing state and municipal governments' pension contribution rates understate plans' true liabilities. 'As bad as the current pension funding situation may look, the reality is likely far worse,' he said."
(PLANSPONSOR.COM)
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SPARK Finds DC Participants Paying Attention
"According to the 2011 Retirement Market Update by the Society of Professional Asset-Managers and Record Keepers (SPARK), defined contribution plan participants give the most attention to their current balance (42%) in their plans."
(PLANSPONSOR.COM)
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Abusive Retirement Plans Make IRS 'Dirty Dozen' List
"The IRS says it continues to find abuses in retirement plan arrangements, including Roth Individual Retirement Arrangements (IRAs). Moreover, the IRS says it is looking for transactions that taxpayers use to avoid the limits on contributions to IRAs, as well as transactions that are not properly reported as early distributions."
(PLANSPONSOR.COM)
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Private Pensions and Policy Responses to the Financial and Economic Crisis
"This paper discusses responses to current financial and economic crisis by regulators, supervisors and policy makers in the area of private pensions. These responses are examined in the light of international guidelines, best practices and recommendations to improve the design of private pensions."
(Social Science Research Network)
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[Opinion]
Discounting Public Pensions: Reports of Trillions in Shortfalls Ignore Expected Returns on Assets (PDF)
"In the real world, the question of how much risk pension funds should assume depends not so much on whether projected liabilities are uncertain or on the very small risk of insolvency, but rather on the political implications of volatile funding ratios. Difficult as it is to imagine in the current context, fund managers prefer to avoid both low and high funding ratios since the latter may tempt elected officials to neglect required contributions. If pension critics were truly concerned about pension underfunding, they would address this political problem rather than attempting to make pension funds appear grossly underfunded when they are not."
(Economic Policy Institute)
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Benefits in General; Executive Compensation
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Press Releases
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