NIPA (National Institute of Pension Administrators)

Senior-Level ESOP Professional
for Blue Ridge ESOP Associates in VA

Retirement Analyst
for District of Columbia Retirement Board in DC

Benefit Educator
for Ascensus in ANY STATE

Director of Operations
for Verisight, Inc in CA

Daily Valuation Operator
for Fringe Benefits Design, Inc. in MN

Director, Actuary - Stable Value Actuarial, Prudential Retirement
for Prudential in NJ

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"Participant Disclosures: Working with the New DOL Rules" Web Seminar - May 17, 2012
Nationwide on May 17, 2012 presented by SunGard Relius

Webcast: Digital Signatures and the New Age of Communications
Nationwide on May 30, 2012 presented by National Institute of Pension Administrators

401(k) Rekon Advisor Symposium - Woodland Hills
in California on June 5, 2012 presented by 401(k) Rekon

IRS Voluntary Correction Program 'Submission Kits' for Pre-Approved Plan Sponsors Who Missed April 30 Deadline
The target page provides links to "kits" for use by pre-approved plans sponsors who missed the April 30, 2010 EGTRRA plan adoption deadline, including a set of instructions, forms and information about how the VCP program works. One link is for defined benefit plans; the other is for 401(k) and other defined contribution plans. (Internal Revenue Service)

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New Q&As in DOL Field Assistance Bulletin 2012-2 Clarify, Expand Fee Disclosure Regs
"In 23 pages, the FAB provides a series of 38 FAQs addressing a variety of topics in the regulation. The answers provide examples and discussion on the disclosure requirements, amplifying many points that were previously unclear. They also set forth new rules, some of them quite surprising to those who have studied the regulation over the last year and a half, as well as some valuable exemptions. Sprinkled throughout is DOL commentary on fiduciary practices. Without a doubt, the FAB will mandate fine-tuning of programs and systems to comply with the new rules." (SunGard Relius)

PBGC Working to Help Employers Maintain Pensions In Addition to Role as Pension Payment Insurer
"To help counter the growing retirement crisis for today's workers, the [PBGC] has recently begun to spotlight its often-unnoticed mission 'to encourage and preserve retirement plans of U.S. companies.' ... That's what it did recently by working with AMR Corp. ..., the parent of American Airlines, to convince the airline to freeze, instead of terminate, its traditional pension plans covering 130,000 workers and retirees, as part of its bankrup.tcy proceedings." (Human Resource Executive Online)

Factors to Use When Considering a Defined Pension Benefit Buyout Offer from Your Employer (PDF)
The information sheet provides a basic understanding of a buyout offer and the things that an individual needs to consider when making the decision on whether or not to accept the lump sum buyout. It is not exhaustive but provides important considerations to think about before accepting a lump sum offer. (National Retiree Legislative Network)

Arizona Public Workers to Be Reimbursed for Increased Pension Contributions
"The new legislation [returns the Arizona State Retirement System] contribution rate back to an equal 50/50 split between the state and its workers. The bill also appropriates $40 mil.lion to state agencies and school districts to reimburse employees for the return to the old formula.... The state law that went into effect on July 1, 2011, increased the portion of contributions state employees must make to their pension from 50% to 53%, while lowering the state's portion to 47%." (PLANSPONSOR.com)

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Chicago Mayor Proposes Freeze in Pension Cost-of-Living-Adjustments, Wants to Raise Retirement Age
"The changes that the mayor outlined to reduce the city's unfunded pension liability by a projected 40 percent mirror the reforms proposed by Gov. Pat Quinn to solve the state's pension crisis. But [Mayor Rahm Emanuel's] 'roadmap to retirement security' go even further[.]" (Chicago Sun-Times)

A False Objection When Public Employers Consider a Switch from DB Plan to DC Plan: 'GASB Won't Let Me' (PDF)
"Defined Contribution, Cash Balance and Hybrid plans are all proposals that tie benefits more closely to contributions.... In the legislative arena, such proposals face a set of objections commonly called Transition Costs—claims that structural reforms will raise employer costs in the short run, even if they lower them in the long run. Advocates for traditional pensions argue that it would be especially unwise to incur these Transition Costs in times of fiscal duress, and legislatures, with short time horizons and balanced budget requirements, are deterred by these claims from undertaking structural reform. This paper examines the most common of these claims, that structural pension reform requires an acceleration of payments to amortize the old plan's unfunded liability." (Laura and John Arnold Foundation)

Indexed Target Date Funds Hitting the Mark with Plan Sponsors
"[A]ssets are pouring into passive series at nearly twice the rate of their actively managed cousins. Last year, passive target date funds grew by 19%, while the active series grew 11%. There are several factors behind that rising interest in these funds. 'Plan sponsors are looking for different options, particularly fund lineups with lower tracking error and less volatility compared with actively managed funds ... The cost equation is another motivation as index-based offerings have lower costs and fees continue to exert competitive pressure in the target date fund industry[.]" (Investment News)

Can Part-Time Retirement Save the U.S. Postal Service?
"[P]olicymakers are closely watching recent proposals that would institute work-retirement hybrid programs for all federal workers. Both the House and Senate have approved proposals to help ease eligible employees into retirement slowly -- allowing agencies such as [the U.S. Postal Service] to delay hiring and training new employees. While the House bill would amend U.S. code to allow [federal employees] to continue working part time while partially retired, a lesser-known but similar setup already is available under an Office of Personnel Management regulation." (Government Executive)

Buyout Offer is Risky Gamble for Ford's Pension Plan
"[One attorney says], 'I think this will come back to bite Ford. Plan assets gain when people die 'on time' or earlier than the actuarial projection, thereby leaving money in the plan. If you take all the unhealthy ones out of the picture, you may have a larger potential liability in the end because you have to put more money into the system in order to fund the benefits for longer-lived retirees.'" (CFO)

Pension Funding Index, April 2012 (PDF)
"The funded status of the 100 largest corporate defined benefit pension plans dropped by $39 bil.lion during April 2012.... The deficit increased to $267 bil.lion from $228 bil.lion at the end of March, and the funded ratio fell from 85.0% to 82.9%. April's funded status decrease, the first of 2012, was due primarily to a decrease in the corporate bond interest rates that are the benchmarks used to value pension liabilities." (Milliman)

Executive Travel on Corporate Aircraft: Strategies for Regulatory Compliance and Tax Efficiency
"This newsletter describes in plain English the basic requirements and strategies for dealing with the myriad rules presented with respect to executive and guest travel on company aircraft, and recommends as a solution the adoption of a carefully drafted executive aircraft use policy." (McDermott Will & Emery)

A Review of Employee Benefits Trends and Results Among 'The Principal 10 Best' Companies
"During the recent economic challenges, [companies named by The Principal Financial Group to a list of 'The Principal 10 Best Companies'] maintained robust benefits packages, with more of them increasing rather than decreasing retirement contributions during the past 10 years. Some shifted health insur.ance expenses onto employees, but a majority absorbed the cost themselves. Investing in wellness programs is a significant trend, driven by concern about the steadily rising cost of health care and hence the cost of health insur.ance. Another concern was how the changing health policy landscape will affect what benefits they can offer and what those benefits will cost." (Harvard Business Review)

Segal Expands Midwest Region and Minneapolis Office
(The Segal Company)

Employers Should Prepare to Comply with Health Reform Law, and Pursue Bolder Steps to Manage Costs
(Mercer)

National Institute of Pension Administrators Presents Honors at 2012 Annual Forum & Expo
(National Institute of Pension Administrators)

Captrust Bolsters Top Management With Three Hires
(CAPTRUST Financial Advisors)