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Start planning your 2012 continuing education with NIPA! [Advert.]
NIPA offers a variety of opportunities to obtain continuing education credits throughout the year, including monthly Webcasts, conference events, certificate courses and more. Join NIPA for a Webcast and start planning your 2012 continuing education.
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Do You Actually Know What's in Your Retirement Fund?
"If you do find that you are in a defined benefit plan, [EBRI's Dallas] Salisbury recommends getting a copy of the plan description and asking a few questions: 'Have you been mailing me a benefits statement that I haven't bothered to look at? Can I get an estimate of what I would currently be entitled to?'"
(Cable News Network)
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401(k) Fee Litigation, October 2011
"The focus of these lawsuits against the plan sponsors has evolved over time to include broader challenges to, among other things, the plan sponsors' selection of actively managed mutual funds as plan investment options."
(Groom Law Group)
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Answering Your Questions on a Fiduciary Approach to Alternative Investments
"[A recent] session led to many questions from the audience looking for further insights and clarification that we were unable to address in the time allotted. Fortunately, [the speakers] were kind enough to answer the remaining questions, which we are happy to present in [this] Q&A . . . ."
(fi360 Blog)
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Guaranteed Income in Retirement Trumps Having 401(k) Plan
"When asked to rate several factors that would help ensure a more secure retirement, 86% preferred 'having a guaranteed stream of income in retirement,' while 71% chose 'having a 401(k)/403(b)/457 plan.'"
(Employee Benefit News)
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Lifetime Retirement Income: Annuities and Beyond (PDF)
"[T]he issue of providing lifetime retirement income from a defined contribution plan may be fairly new for plan sponsors. In the past, DC plans have served as supplemental savings, and we are just now seeing the first wave of retirees who will depend solely on their DC plans for retirement income."
(Arnerich Massena, Inc.)
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Make the Most of Your Employer's 401(k) Match
"According to a recent report, 29.4 percent of 401(k) participants do not contribute enough to their 401(k) to receive their full employer match — with higher rates of foregone matches seen among younger workers age 20 to 29 (43 percent) and those automatically enrolled into an employer-sponsored defined contribution plan (41 percent)."
(FINRA)
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A Guide to Rhode Island's Pension Crisis
"There is a $7.3 bil.lion shortfall in the state-run system and a $2.1 bil.lion shortfall at the local level — so about $9.4 bil.lion statewide. That's a lot of money for a small state, more than the entire annual state budget."
(LIN Television Corporation)
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Top 10 Best States for Workers in Retirement Plans
"The ultimate irony, perhaps, is that many covered by a retirement plan work in states where they might not choose to retire. Here are the top 10 states where the most employees participate in a retirement plan at work."
(AdvisorOne)
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GAO Testimony on Income Security: The Effect of 2007–2009 Recession on Older Adults
October 18, 2011, testimony before the Subcommittee on Primary Health and Aging, Committee on Health, Education, Labor and Pensions. 'Since 2007, unemployment rates doubled and remained higher than before the recession for workers aged 55 and older. While these rates were not as high as for other age groups, of more concern is that once older workers lose their jobs they are less likely to find other employment."
(U.S. Government Accountability Office)
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[Opinion]
Interpreting Ambiguous Plan Language
"[A]ll that matters is who gets the last say. This means, of course, that the side who wins that split is whichever one the appeals court agrees with."
(Stephen Rosenberg of The McCormack Firm, LLC)
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[Opinion]
American Benefits Council Letter to Joint Select Committee on Deficit Reduction on Retirement Policy Measures (PDF)
"Employers need certainty and predictability in their funding obligations so they can maintain their plans while focusing on their core business. The ideal solution would be to enact funding reform that mitigates excessive swings in interest rates and stabilizes the calculation of funding liabilities. Such measures also have the added benefit of raising federal revenue by increasing the amount of taxable corporate income."
(American Benefits Council)
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Benefits in General; Executive Compensation
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[Guidance Overview]
New FASB Disclosure of Requirements for Employers Participating in Multiemployer Plans
"For multiemployer plans that provide non-pension postretirement benefits, the revised disclosure includes only the contributions made, any changes in the business that affected the contributions such as a merger or employee layoffs, and a description of the nature of the benefits and types of employees covered (e.g., retirees, actives, etc.)."
(Cheiron, Inc.)
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Press Releases
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