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BenefitsLink Retirement Plans Newsletter
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DATAIR Defined Benefit Software [Advert.]
PC-based software for proposals, compliance testing and valuations with PBGC reporting, employee statements and termination calcs. Supports wide range of plan designs including Cash Balance and 412(e)(3). Cost-effective systems with expert support.
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Optimal Retirement with Unemployment Risks
"This paper investigates the optimal retirement of an individual in the presence of involuntary unemployment risks and borrowing constraints in a complete market with frictions."
(Social Science Research Network)
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New Email Newsletter for Actuaries from American Academy of Actuaries
"[This is a] new quarterly email newsletter designed to keep Pension actuaries up to date on Academy activity in the pension arena. The newsletter features short descriptions of—and links to—recent practice council work products, including comment letters, practice notes, publications, and legislative outreach. It supplements the detailed reports on pension activity that members already receive each month in the Actuarial Update and each quarter in the Enrolled Actuaries Report."
(American Academy of Actuaries)
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DOL May Consider Broader E-Delivery Regulations
"The DOL has expressed concerns about moving to a default e-delivery environment, where plan sponsors would use electronic communication as the default method for delivering plan communications, while allowing participants to opt out and receive paper. The DOL has indicated it is unsure if sufficient numbers of participants have access to electronic devices and the internet, and whether participants are 'computer-literate' enough to receive plan communications electronically. The DOL, however, is continuing to explore the issue."
(The Vanguard Group, Inc.)
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Retirement Plan Governance: What Is It and Why Should You Care?
"Retirement plan governance is about more than just fiduciary responsibility. Plan governance encompasses all of the duties, responsibilities, and actions connected with the establishment and administration of the plan and the management of the plan assets."
(Principal Financial Services, Inc.)
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Advance Your Career with ASPPA this Fall [Advert.]
Whether working towards an ASPPA credential or just growing knowledge in specific areas, ASPPA exams offer CPE credits (valid for ASPPA, JBEA and ERPA). Proctored exam window is open November 1 to December 14 - register early and have time to prepare.
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2011 U.S. Defined Contribution Investment Survey Shows Inflation-Hedge Investments Trend
"Protecting participants from potential inflation is a key topic among plan sponsors. Notably, 46% of sponsors offer or intend to offer an inflation protection option. TIPS (Treasury inflation protected securities) are offered as a standalone option in nearly one quarter of surveyed plans, although inflation-sensitive options that are made up of multiple asset classes are gaining traction."
(Mercer LLC)
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Are Big Banks Overcharging Pension Funds for Transactions?
"Amid all the market volatility and weakness in the financial sector of late, you may have missed this WSJ front page story: 'States Go After Big Bank on Forex'. The story is about growing scandal in the banking industry centered around banks allegedly overcharging pension funds for currency transactions."
(Daily Ticker via Yahoo! Inc.)
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Selling Small Businesses on Retirement Plans
"By helping them better understand retirement planning, advisers can help show employers that not all retirement plans are expensive. Retirement plans contribute to company growth and enhance employee retention, while providing for financial security during retirement for employees and employers. As an additional bonus, both the employer and employees receive significant tax advantages."
(Investment News; free registration required)
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[Opinion]
Oakland, California, Pension Plan Proposal Irresponsible, Morally Wrong
"Displaying amazing fiscal irresponsibility, the Oakland City Council will ask voters in November to once again stretch out payment of a half-bil.lion dollar debt to a pension plan currently serving about 1,155 retired police and firefighters hired before 1976."
(The Oakland Tribune)
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[Opinion]
CalSTRS Has Safeguards to Deal with Pension Spiking
Jack Ehnes, CEO at the California State Teachers' Retirement System, is responding to the Aug. 11 editorial, 'Finally, a crackdown on pension spiking,' which stated: 'Recent revelations about excessive payouts and questionable compensation calculations at CalSTRS suggest that the state's second-largest retirement system may be losing tens of millions of dollars annually in overpayments...'
(The Sacramento Bee)
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Press Releases
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Lois Baker, J.D., President
Holly Horton, Business Manager
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