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August 17, 2011 Get Health & Welfare News  |  Advertise  |  Unsubscribe  |  Past Issues  |  Search

Employee Benefits Jobs

New Business Specialist
for BeneTrends, Inc. in PA

Managing Director - Pacific Northwest
for MassMutual Financial Group in MA

Retirement Plan Consultant
for Niles Lankford Group, Inc in MI

401(k) Administrator
for Pollard & Associates, Inc. in MD

DC Senior Client Service Associate
for Milliman in TX

Retirement Plan Consultant
for Sentinel Benefits & Financial Group in MA

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Webcasts and Conferences

Rekon Road Show Costa Mesa
in California on September 14, 2011 presented by 401(k) Rekon

What to Expect from an Employee Benefits Security Administration Investigation Webcast
Nationwide on August 24, 2011 presented by U.S. Department of Labor, Employee Benefits Security Administration (EBSA)


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Retirement Income Products: How Will Employees View This Form of Employer Activism? (PDF)
"This article presents examples of how other initiatives that employers have taken with the goal of influencing retirement outcomes have been very favorably perceived by employees. By extension, the concern about an adverse employee reaction in the context of a retirement income product seems unfounded." (Institutional Retirement Income Council)


Earn Continuing Education Credits with NIPA Certificate Programs   [Advert.]

Sponsored by NIPA (National Institute of Pension Administrators)

Sharpen your skills and knowledge in the retirement plan industry. NIPA offers five comprehensive online certificate programs on the following topics: distributions, fundamentals of qualified plans, loans, IRAs and 401(k) plans. Enroll today!


[Guidance Overview]
IRS Form 8955-SSA Replaces Form 5500 Schedule SSA Beginning with the 2009 Plan Year (PDF)
"Upon receipt, the IRS provides this information to the Social Security Administration (SSA). The SSA then sends this information to participants when they file for Social Security benefits." (Prudential Retirement)

Video: Reviewing the Washington Regulatory Agenda on Retirement Plan Issues
"In this video, John Schadl, an ERISA attorney [at Vanguard], provides an update on the regulations affecting retirement plans that are likely to move forward in the near term, including fee disclosure, participant advice, target-date fund disclosure, and the definition of fiduciary." (The Vanguard Group, Inc.)

Retirement Confidence Among State and Local Government Employees
"The state and local government workforce is more confident regarding its prospects for a financially secure retirement than are American workers in general. Seventeen percent of state and local employees are very confident in their retirement income prospects and 50% are somewhat confident, compared with 13% and 36%, respectively, for U.S. workers." (TIAA-CREF Institute)

Motivating Reluctant Retirees in Higher Education: Interviews with College Administrators and Senior Faculty
"This research provides a deeper understanding of the issues facing academic institutions when age-eligible professors do not retire and how those issues can best be addressed." (TIAA-CREF Institute)

Text of DOL Brief As Amicus Curiae in Support of Plaintiffs-Appellees on Issue of Plan Mandate That SunTrust Stock Be Included As Investment Option
"This case, on interlocutory appeal, involves claims of fiduciary breach brought by participants in the SunTrust Banks, Inc. 401(k) Savings Plan ('Plan') concerning the Plan's investment in SunTrust stock. The question presented in defendants' appeal . . . is: Whether defendants, as Plan fiduciaries, had an affirmative duty to disclose accurate information about the financial condition of SunTrust to participants in the Plan." (U.S. Department of Labor)

What Is the Average Retirement Age? (PDF)
"[L]abor force activity of both men and women has increased significantly since the mid-1980s as many incentives now encourage work." (Center for Retirement Research at Boston College)

[Opinion]
What Does the New Accounting Standard on 'Fair Value' Mean to ERISA Fiduciaries?
"Why is this important? The nature of the required disclosures varies with [the] levels. Also, GAAP establishes certain concepts that apply to the determination of fair value which may vary from the process used by the fiduciary in determining fair value." (BNA Pension & Benefits Blog)

[Opinion]
ASPPA, NIPA and AIRE Comments Regarding Approval of Continuing Education Providers and Programs under Circular 230 as Requested in IRS Notice 2011-61
"In order to ensure that such programs are both high quality and timely, we strongly urge the IRS, in practice, to retain the current approach under which an approved sponsor's programs would not be individually subject to an approval process, even if it has the discretion to do so." (American Society of Pension Professionals & Actuaries)

[Opinion]
Proposed Public Employee Pension Reporting Requirements Are Unnecessary (PDF)
(Originally published March 14, 2011.) 'In February, Congressmen Devin Nunes and Darrell Issa (both California Republicans) and Paul Ryan (R-Wis) introduced legislation (H.R. 567) to require states and local governments to report their pension liabilities to the federal government using what is known as a 'riskless rate'—an interest rate tied to the Treasury bond rate—to determine those liabilities." (Center on Budget and Policy Priorities)

Benefits in General; Executive Compensation

How the Debt Limit and Budget Negotiations Could Impact Health and Retirement Plans (PDF)
"This process may result in changes to spending under the last year's health care reform law, the Patient Protection and Affordable Care Act, and, if tax reform is addressed as part of this process, changes in the tax treatment of retirement plans and employer-sponsored health care plans could also occur." (Groom Law Group)

Health and Retirement Benefits After Job Loss: Resources for Employers and Former Employees
"Plant and business closings, downsizings, and reductions in hours affect employees in numerous adverse ways. Workers lose income, the security of a steady job and, often, the health and retirement benefits that go along with working full time. Dislocated workers may have many questions, some of them concerning health and retirement benefits." (U.S. Employee Benefits Security Administration)

Miami Declares 'Financial Urgency' as It Moves to Cut Worker Pay and Benefits
"The declaration gives unions for municipal workers two weeks to agree to contracts for the year that starts in October or be subject to actions imposed by the City Commission. Workers including police and firefighters absorbed about $80 mil.lion in reduced pay, health insurance and pensions in fiscal 2011." (Bloomberg L.P.)

Press Releases

Dietrich Launches Industry’s First Pension Risk Transfer Index
(Dietrich & Associates, Inc.)

ASPPA College of Pension Actuaries Announces 2012 Leadership
(American Society of Pension Professionals & Actuaries (ASPPA))

How Do You Stack Up Against the Best? HighRoads Launches HR Performance Diagnostic Scorecard
(HighRoads, Inc.)

John Hancock Launches Education Resource Website
(John Hancock Retirement Plan Services)

Pension Reform and Government Cost Cutting Increase Value of Company Benefits to Employees
(Mercer)

Employees' Poor Emotional Wellbeing is Obstacle to Wellness Effort
(ComPsych)

Open Enrollment 2011: Five Tips from Benz Communications for Communicating Benefits in an Uncertain Economy and Health Care Reform World
(Benz Communications)

Benefits Expert Leaves Aon to Launch Wellness Consulting Firm
(Kitchen Table Consulting)



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Holly Horton, Business Manager

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