Supreme Court Agrees Communications Were Misleading in CIGNA Cash Balance Case; Remands for Equitable Solution
"In November 1997, CIGNA sent a newsletter to its employees explaining that the existing pension plan would be converted to a cash balance plan. The newsletter told current employees that they would receive the greater of the pension benefit to which they were eligible as of Jan. 1, 1998, or the amount in their individual accounts." (Wolters Kluwer Law & Business)

What Does OPR Require of ERPAs? [Advert.]

Live at the ERPA Conference, June 2-3 in LA: Karen Hawkins, Dir. IRS Office of Professional Responsibility, answers ALL your questions about obtaining and maintaining the ERPA credential - continuing ed., OPR requirements, ethics expectations, more!

Supreme Court Shuns Verizon Cash-Balance Suit
"The U.S. Supreme Court on Monday refused to hear a lawsuit claiming Verizon Communications Inc., New York, was responsible for as much as $1.7 bil.lion in additional pension benefits because of an attorney's mistake in a cash-balance conversion . . . ." (Pensions & Investments; free registration required)

Switching from a Defined-Benefit to Defined-Contribution Plan
"Siemens Corp. swapped a future $5 bil.lion pension liability for a $259 mil.lion one-time P&L impact when it froze its pension plan and offered employees increased company-matching contributions as well as a new service-based company contribution to the 401(k) plan - the combination of which equaled the company's contribution under the pension plan." (Human Resource Executive Online)

Every ERISA Fiduciary Must Avoid the 1st Deadly Sin: 'Income Matters'
"[W]e come not to honor the quest for 'income' but to bury it. Income, truth be told, is really irrelevant . . . . Knocking out one of the traditional investment goals (i.e., Income, Growth and Safety) appears the best way to start our journey through the Seven Deadly Sins. Of the Seven Deadly Sins, this one has the greatest general acceptance among professional money managers and even some grandfathers." (Fiduciary News)

What's Next in Employment Agreements: Free Webinar [Advert.]

Wednesday, June 8, 1-2 pm ET: It pays to be prepared when it comes to executive employment agreements. Join Sutherland attorneys to discuss emerging issues, including clawbacks and evergreen agreements. Register now.   [Attorney Advertising]

IRS Seeks Nominations to Advisory Council
"Nominations to fill the approximately 12 appointments that will begin in January 2012 must be received on or before June 17, 2011." (Wolters Kluwer Law & Business)

Trends in Pension Plan Management: The Annuity Dilemma
"This [article] looks at three critical issues facing late-career employees desperate for information about payout options from defined benefit and defined contribution plans, and how meeting those needs can facilitate organizations' workforce planning." (Mercer)

Baby Boomers on Retirement (PDF)
"In the interest of creating a healthy and effective retirement system, it is important that we understand participant emotions about retirement and how these emotions create barriers to getting needed professional retirement help. If we ignore participant emotions and needs and solely focus on the money management, we risk significant participant inaction." (Financial Engines)

New Legislation Introduced to Cut Down on the 'Leakage' from 401(k) Plans
"From the bill's summary, the only real 'limitation' on loans was capping the number outstanding at any one time to . . . three." (PLANSPONSOR.COM)

Written Comments on Employer Shared Responsibility Provisions of New Code Section 4980H (PDF)
"Many employers have asked whether they will be able to disaggregate on a reasonable basis, e.g., on a geographic basis or with respect to a separate line of business, for purposes of applying the provision's coverage requirements." (Crowell & Moring LLP via American Benefits Council)

Unum Honored as One of Best Employers for Healthy Lifestyles
(National Business Group on Health)

NBCH Releases Annual eValue8 Report on Performance of Health Plans in Preventing Diabetes, Promoting Quality Care
(National Business Coalition on Health)

Former Hewitt Associates Senior Executive Perry Brandorff Joins HighRoads’ Board of Advisors
(HighRoads, Inc.)

Michigan-Based McGraw Wentworth Is The Only Group Benefits Firm Named As A Top Small Company Workplace By Inc. Magazine and Winning Workplaces
(McGraw Wentworth)

Aon Hewitt Study Shows Record-High Participation in Defined Contribution Plans Driven by Automatic Enrollment
(Aon Corporation)

DATAIR Employee Benefit Systems, Inc.

Director, Office of Regulations and Interpretations, ES-00
for U.S. Department of Labor, Employee Benefits Security Administration in DC

Retirement Client Services Manager
for Asset International, Inc. in NY

Administrative Assistant for Pension Fund
for Growing NYC Third Party Administration Firm in NY

Onsite Participant Counselor - Pensacola, FL
for Diversified in FL

Regional Director - Client Management - Los Angeles, CA
for Transamerica Retirement Services Corporation in CA

Client Relationship & Development Manager - MEP/PEO
for Transamerica Retirement Services Corporation in PA

Client Relations Specialist
for The Online 401(k) in CA

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12th Annual ERISA Update Seminar
in Hawaii on November 16, 2011 presented by TRI Pension Services

NY CLE Program: Expats And Inpats-Providing Benefits In An Increasingly Global Economy
in New York on June 16, 2011 presented by WEB (Worldwide Employee Benefits Network ), New York Chapter

SunGard Advanced Pension Conference - Chicago 2011
in Illinois on September 7, 2011 presented by SunGard