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August 16, 2011 Get Health & Welfare News  |  Advertise  |  Unsubscribe  |  Past Issues  |  Search

Employee Benefits Jobs

401(k) & Vendor Relations Manager
for Sonepar USA in SC

Business Development Associate
for Blue Ridge ESOP Associates in ANY STATE

Senior ESOP Administrator
for Blue Ridge ESOP Associates in ANY STATE

Employee Benefits Attorney
for Harter Secrest & Emery LLP in NY

Manager, Compliance Services - IRC27932
for Lincoln Financial Group in ANY STATE

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Webcasts and Conferences

"Reduced Expectations: Adapting Plans to Economic Reality" Web Seminar
Nationwide on September 13, 2011 presented by SunGard Relius

COBRA and Fiduciary Compliance Workshops
in Alaska on September 7, 2011 presented by U.S. Department of Labor, Employee Benefits Security Administration (EBSA)

COBRA Compliance Workshop
in Washington on August 29, 2011 presented by U.S. Department of Labor, Employee Benefits Security Administration (EBSA)

Health Savings Accounts
Nationwide on September 15, 2011 presented by Lorman Education Services

SPDs for Group Health Plans: Complying With Style and Content Rules
Nationwide on September 15, 2011 presented by EBIA / Thomson Reuters

Understanding the Impact of Health Care Reform on Employers
in Maine on September 23, 2011 presented by Lorman Education Services

Why Is This Guy Still on My Health Plan?
Nationwide on September 26, 2011 presented by Lorman Education Services


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Mid-Caps in DC Lineups: Considerations for Plan Sponsors (PDF)
"Passive investing may feel a bit boring to many investors who have been conditioned to believe that successful investors are those who beat the market. . . . [I]f the goal of employers is to offer retirement plans that offer a high probability of generating adequate retirement funding for participants, then index funds should surely play a central role in DC lineups." (Standard & Poor's Financial Services LLC)


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Product Development in the Retirement Income Space
"[T]he market has been flooded with new and/or improved products promising income in retirement. In 2010, there were 15 new variable annuities introduced and 21 new living benefits rolled out, with an additional three VAs and eight living benefits in the first quarter of this year, according to Ernst & Young. There are currently 62 open-end mutual funds focusing in Morningstar's retirement income category." (Penton Media, Inc.)

Retirement Pessimism/Optimism: the Difference Is All in Perception
"A recent report from HSBC shows that people across the West—including the U.S.—are generally pessimistic about their retirement prospects while those in the East are relatively optimistic. And yet, by every objective measure, citizens in Western developed countries control significantly more assets per capita than their counterparts in Eastern emerging economies." (Employee Benefit News; free registration required)

Market Fears Push Annuity Sales Despite Continued Low Interest Rates, Which Keep Payouts Low
"Variable annuity providers are now giving consumers the option of purchasing 'riders,' or additional insurance, for guaranteed minimum monthly payments, limiting some of the market risk that has been typically associated with the products." (Chicago Tribune)

PBGC Removes Obsolete Regs on Participant Disclosures
"Former ERISA §4011 required certain underfunded plans to notify participants of a plan's funding status and the limits on the PBGC's guarantee. The PPA repealed ERISA §4011 for plan years beginning after 2006 and replaced the disclosure requirement under that section with a disclosure requirement under Title I of ERISA." (Wolters Kluwer Law & Business / CCH)

Employee Benefits Developments, July 2011
The July edition includes rulings and opinions such as, 'Circuit Court Upholds Fiduciary Exception to Attorney-Client Privilege." (Hodgson Russ LLP)

California Public Sector Retirement Programs and Compensation
"This report is prepared in response to a request by The California Foundation for Fiscal Responsibility (CFFR) for an analysis of retiree benefits and taxpayer costs for California state and local government retirement programs. We also look at the impact of two alternative CFFRreform proposals." (California Foundation for Fiscal Responsibility)

401(k) Nation: Road to Retirement Gets Rockier
"Ghilarducci characterizes 401(k)s as 'do-it-yourself pensions.' She says most investors can't afford truly independent financial advice, so instead they rely on brokers who themselves have a conflict of interest." (NPR)

Radical Overhaul of Military Retirement Reviewed
"The proposal comes from an influential panel of military advisors called the Defense Business Board. Their plan, laid out in a 24-page presentation 'Modernizing the Military Retirement System,' would eliminate the familiar system under which anyone who serves 20 years is eligible for retirement at half their salary. Instead, they'd get a 401k-style plan with government contributions. They'd have to wait until normal retirement age. It would save $250 bil.lion dollars over 20 years." (CBS Interactive Inc.)

[Opinion]
Why 401(k) Plans Are Doomed from the Start
"The mistakes of plan participants and plan sponsors prevent most 401(k) plans from providing meaningful retirement income. The '401(k) industry' has made a killing off the current system, which has made the problem worse. The Department of Labor has provided written guidance as to what to do to address these issues, but too few plan sponsors are aware of this guidance or have embraced it." (Forbes.com LLC)

[Opinion]
The Origins and Severity of the Public Pension Crisis, February 2011 (PDF)
"The shortfalls facing most state and local pension funds have been seriously misrepresented in public debates. The major cause of these shortfalls has not been inadequate contributions by state governments, but rather the plunge in the stock market following the collapse of the housing bubble. Given the low PE ratios in the stock market, pension fund assumptions on the future rate of return on their assets are consistent with most projections of economic growth and past experience. Furthermore, when expressed relative to the size of their economies, most states are facing shortfalls that appear easily manageable." (Center for Economic and Policy Research)

Benefits in General; Executive Compensation

Employee Benefits Update, August 2011 (PDF)
The newsletter covers selected compliance deadlines and reminders, retirement plan developments, and, health and welfare plan developments. (Reinhart Boerner Van Deuren s.c.)

Living to 100: Growing Societal Impact and Challenges: Report from a Symposium (PDF)
Pages 10–14. 'There are a number of important societal questions, and the answers will vary by country. Many will not be known for quite a while: What will the age distribution of our population be and how is it changing? Will people be healthy longer as they live longer? What can be done to improve health?" (Society of Actuaries)

Employee Ownership Update for August 15, 2011
NCEO Executive Director Loren Rodgers discusses lower employee turnover at employee-owned companies, a new equity plan at Republic Airlines, experimental economics and employee ownership, a Polish IPO with an equity stake, and the Ownership Thinking conference. (National Center for Employee Ownership)

[Opinion]
Everything You Wanted to Know About TPAs But Were Afraid to Ask
"Like every industry, TPAs could conceivably be crippled or wake up to a different market by the flick of the legislative pen. On the other hand, responsible politicians see that 'single-payer' programs such as Medicare & Medicaid and in other countries is not financially sustainable. So, most of the recent government laws & actions project the continuation of the current benefits system[.] However, no matter what the funding method, TPAs are strictly service providers. They do not participate in the 'risk' of the plan. Thus, future prospects of TPAs are like that of CPA and law firms. There is work to do as long as there is red tape & bureaucratic requirements." (Society of Professional Benefit Administrators)

Press Releases



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