DC/DB Administrator
for NICHOLAS PENSION CONSULTANTS in CA

AVP of Defined Contribution Annuity Administration - IRC28863
for Lincoln Financial Group in IN

Pensions Specialist
for Nationwide in OH

Legal Assistant - Document Specialist
for Alliance Benefit Group Carolinas, Inc. (A subsidiary of Pentegra Services, Inc.) in NC

SUNGARD ANALYST, IT
for TEGRIT ADMINISTRATORS in SC

Retirement Plan Administrator
for Verisight, Inc. in NC

Retirement Plan Administrator
for Third Party Administration Firm in NJ

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"Practical Guide to Plan Fee Disclosures Workshop 2012" - 17 cities, January 17 - February 3, 2012
Nationwide on January 17, 2012 presented by SunGard Relius

Which Benefits Are Exempt From Which Health Care Reform Rules? Answering Your Questions About “Excepted Benefits”
Nationwide on December 1, 2011 presented by Thomson Reuters / EBIA

Text of PBGC Final Rule on Allocation of Assets in Single-Employer Plans; Valuation of Benefits and Assets; Expected Retirement Age (PDF)
"This rule amends [PBGC's] regulation on Allocation of Assets in Single-Employer Plans by substituting a new table for determining expected retirement ages for participants in pension plans undergoing distress or involuntary termination with valuation dates falling in 2012. This table is needed in order to compute the value of early retirement benefits and, thus, the total value of benefits under a plan." (Pension Benefit Guaranty Corporation)

Vegas is the place to (b)!   [Advert.]

18 workshops to advance your career, "Washington Update" with Brian Graff, exciting networking opportunities, post-summit access to recordings and handouts, more affordable pricing and outstanding accommodations!

IRS Retirement Plan FAQs Regarding Form 8955-SSA
"These frequently asked questions and answers provide general information and should not be cited as legal authority. They provide the user with information responsive to general inquiries but the answers do not apply to every situation and yours may require additional research." (U.S. Internal Revenue Service)

IRS Employee Plans Office Facing Challenges to Improve Processing of ESOP Applications, IRS Official Says
"ESOP processing has faced a number of obstacles over the years. Initially, work on ESOPs was considered 'nonspecialized' and was assigned as general process work. In 2001, two developments triggered the need to develop a cadre of ESOP specialists: the detection of widespread abuses involving ESOPs, and the enactment of new requirements in Code Sec. 409(p)." (Wolters Kluwer Law & Business / CCH)

Participant Earnings During the Financial Crisis: Total Returns 2005–2010
"Recent Vanguard research shows that the typical defined contribution plan participant earned an average annual return of 3.76% and a cumulative return of more than 20% on their plan account over the five-year period ended 2010, despite the market decline of 2008–2009." (The Vanguard Group, Inc.)

American Airlines Pensions a Rich Target in Bankrup.tcy Proceedings
"One option for American would be to lobby Washington for more time to pay off its pensions, as Northwest and Delta received in 2006. Those rule changes also included a new penalty: Bankrupt companies that terminate pensions must later pay $1,250 per participant per year — for three years." (StarTelegram)

MassMutual’s Award-Winning ERISA Advisory Services   [Advert.]

MassMutual’s ERISA Advisory Services can help plan fiduciaries and other professionals by providing up-to-date information and easy-to-use tools that help simplify the process of maintaining the compliance health of your retirement plan.

How Much You Get if Your Pension Fails
"The maximum private sector traditional pension amount insured by the federal government will increase to $55,840.92 in 2012 for 65-year-old retirees, up from $54,000 in 2011. This is the first increase in pension insurance provided by [PBGC] since 2009." (U.S. News & World Report LP)

Plan Sponsors As Default Fiduciaries and How ERISA Fiduciary Status Is Determined
"The assessment of whether or not an entity that deals with a qualified retirement plan is to be deemed a fiduciary under ERISA requires such entity, in effect, to first 'run' at least one of the three preceding 'gauntlets' laid out in ERISA section 3(21)(A)." (Morningstar, Inc.)

DOL Staff Members Provide Informal Views on Form 5500 Record Retention, Fund Prospectuses, and QDIA Notices
"The Joint Committee on Employee Benefits . . . of the American Bar Association has reported on its May 2011 Q&A session with DOL staff members. Highlights include unofficial, nonbinding remarks about the following issues affecting Form 5500 and 401(k) plans . . . ." (Thomson Reuters/EBIA)

Ohio Bill Would Ban State Worker 'Double Dipping'
"The Dayton Daily News reports that the measure would suspend retirement benefits for public employees if they return to work for the government. Benefits would still continue to build while an employee returned to work." (Media General Communications Holdings, LLC.)

Small Business Owners Support Idea of Lifelong Pension
"Among all small business owners, support ran at 82%. Support ran slightly higher among those who already offer retirement benefits, at 84%. Even among owners who offer no benefits, 80% supported the proposal." (PLANSPONSOR.COM)

Report Examines Growth of Investment Options in DC Plans
"Celent, a financial research and consulting firm, examines the current retirement landscape in the U.S. in its report, 'Developments in the Defined Contribution Market: New Funds and New Investment Vehicles in the U.S. Market.'" (PLANSPONSOR.COM)

PBGC Plan Valuation Problems Go Beyond United Airlines
"The PBGC's inspector general said the agency lacks internal controls over the valuation of terminated pension plan assets, not just over the handling of United Airlines' plan terminations that the IG's report called 'seriously deficient.'" (Pensions & Investments; free registration required)

State and Local Retirement System Pay-to-Play Requirements
"The requirements applicable to state and local retirement systems within a given state may differ. These requirements may, among other provisions, require marketing staff and third party marketers to register as lobbyists or placement agents, restrict contingent compensation payable to such persons, and require detailed disclosure of these arrangements, as well as restrict or prohibit gifts, entertainment and/or political contributions." (K&L Gates LLP)

Make Your Savings Last As Long As You Do
"If you're near retirement, you don't have a lot of time to increase the size of your nest egg. But there are steps you can take to make the money you've saved last longer." (USA TODAY)

Four Ways to Take Control of Your Retirement
"['The super prepared' make a series of smart decisions that impact] their finances to put them in control. Here are four decisions that differentiate the super prepared from the unprepared . . . ." (Forbes.com LLC)

Ocean City, Maryland, Council Hears Details of Public Safety Retiree Option
"According to [the Financial Administrator, Ocean City's Deferred Retirement Option Program] is an arrangement in which a sworn police officer, who would otherwise be eligible to retire and receive a pension under the town's Maryland Public Safety Employees Pension Plan, decides to continue to work up to a maximum of three years." (Maryland Coastal Dispatch)

Are Employees Saving Too Much for Retirement?
"[A recent paper underwritten by the North American Society of Actuaries reports] that traditional replacement rate calculations have so many limitations and fallacies that they shouldn't be counted on by workers trying to plan their retirement savings." (Thomson Reuters via Employee Benefit News)

The Case Against Pension-Financed Infrastructure
"Media reports have indicated that New York Governor Andrew Cuomo has been considering the use of public pension funds to finance the replacement of the Tappan Zee Bridge and to underwrite other infrastructure investments in the Empire State. This is a bad idea, harmful both to the governmental employees of the Empire State and to New York's taxpayers. Using public pension monies in this fashion trades the immediate benefits of public construction for the long-term cost of underfunded public retirement plans." (Oxford University Press, Inc.)

The 401(k) Regulatory Tsunami Arriving Next Year
"More than ever, employers will be required to assure that fees associated with these plans are reasonable for the services being provided. To do so, they should move expeditiously to determine and evaluate all plan fees." (Smart Business Network Inc.)

Pension Should Be a Personal, Not Government, Responsibility
"If . . . the federal government wants to keeps its hands in retirement planning, then it should also look at other, nontraditional funding options that restrain overall personnel costs within a lower total federal budget. For example, it can reset starting wages at a lower amount for new employees, similar to what is already happening in the private sector (think airlines and two-tier wage scales)." (Gannett Government Media Corporation)

Questions and Proposed Answers for DOL Staff for the 2011 Joint Committee of Employee Benefits Technical Session Held on May 6, 2011 (PDF)
25 pages. "The following questions and answers are based on informal discussions between private sector representatives of the Joint Committee on Employee Benefits (JCEB) and Department of Labor (DOL) staff. The questions were submitted by ABA members, and the responses were given at a meeting of JCEB and government representatives." (Joint Committee on Employee Benefits, American Bar Association)

Recent Developments Involving Same-Se.x Marriage, Civil Unions and Gender Identity Disorder (PDF)
"Although U.S. Attorney General Eric Holder has announced that the Department of Justice will no longer defend the constitutionality of DOMA, the law generally continues to be enforced by the Executive Branch, unless Congress repeals it or the law is declared unconstitutional by the Supreme Court." (Groom Law Group)

Severance and Change-in-Control Plans
"[The survey research was] designed to better understand the prevalence and perceptions of severance programs within organizations." (WorldatWork / Innovative Compensation and Benefits Concepts, LLC)

Pros and Cons of Severance Agreements
"[M]ost employers who use severance payouts ask their employees to sign a document essentially releasing the company from any and all legal liability upon acceptance. This way, the relationship can be considered to be completely and forever severed, each party moving on in the world, never again to have to deal with each other." (Fisher & Phillips LLP)

Cutting Retiree Benefits a Sore Subject for Military
"Military retiree benefits cost the Pentagon $50 bil.lion a year. . . . There are 1.9 mil.lion military retirees drawing pay and benefits, compared to 1.5 mil.lion in the active duty force. In 2010, then-Defense Secretary Robert Gates said those costs are 'eating the Defense Department alive.'" (NPR)

Nearly Half of Workers Predict Benefits to be Cut in 2012
"According to the Randstad Employee Attachment Index, 41% of workers also believe their companies will lay off workers in 2012 and 24% of employees are willing to lose their bonuses or work longer hours to keep their current jobs." (PLANSPONSOR.COM)

US Labor Department proposes rules under Affordable Care Act to crack down on health care fraud, protect workers and small businesses
(U.S. Department of Labor, Employee Benefits Security Administration (EBSA))

Majority of New York State Small Businesses Embrace Health Insurance Exchanges, HealthPass New York-Commissioned Survey Finds
(HealthPass New York)