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December 27, 2013          Get Health & Welfare News  |  Advertise
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Employee Benefits Jobs

Webcasts and Conferences

Marketplace Payment Processing User Group Series: Interim Payment Reporting Session
January 7, 2014 WEBCAST
(Centers for Medicare & Medicaid Services (CMS))

Top 10 Plan Designs for the Small Employer, and Creative Plan Corrections – Appleton
January 24, 2014 in WI
(SunGard Relius)

Making Private Exchanges Work for Insurers
February 25, 2014 WEBCAST
(Atlantic Information Services, Inc)

View All Webcasts and Conferences

  LinkedIn   Twitter   Facebook Hand-picked links to the web's best news articles,
official guidance, jobs, webcasts and more.

Hidden Advantages of ESOPs as an Alternative Succession Strategy
"When business owners are evaluating the exit strategies available to them, there are additional advantages to ESOPs that make them well worth exploring. Third-party purchasers usually demand complete control of the acquired business from day one, although financial buyers may require the seller to remain with the business after a sale for some transition period. With an ESOP, a business owner can choose to sell all or only some portion of his or her stock to an ESOP in the transaction. This is a big advantage to owners who want to remain involved with the operation of the company for some period of time, while still taking some 'chips off the table' at such time or times as he or she desires." (Fox Rothschild LLP)  


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Puerto Rico Governor Signs Pension Reform into Law
"Puerto Rico Governor Alejandro Garcia Padilla approved several reform measures designed to improve the long-term financial stability of the retirement system, which include: [1] Setting a minimum pension of $1,625 for all teachers who retire after the passing of the law; [2] Increasing the minimum pension for teachers already retired from $400 to $500 per month; [and] [3] Replacing the current defined benefit plan with a defined contribution plan and balancing an increase in contributions of 1% by providing a 10-year, $300 annual salary increase[.]" (PLANSPONSOR.com)  

Kansas Lawmakers to Reopen Debate on Public Pensions
"Moves to close the Kansas public retirement system's long-term funding gap haven't eliminated interest among legislators in creating a 401(k)-style plan for new teachers and government employees.... Even with major pension system changes in 2011 and 2012, the gap between anticipated revenues and commitments to employees through 2033 approaches $10.3 billion -- 11 percent larger than projected a year ago." (Deseret News)  

Detroit Pension Funds Lawyer to Fight $165M Bank Deal
"A lawyer for the city's pension funds said he will fight plans to pay $165 million to two banks and terminate a troubled pension debt deal blamed on Detroit's plunge into bankruptcy, calling the agreement 'far too rich.' The new agreement, reached Tuesday by the city's bankruptcy lawyers, is not reasonable and hands banks UBS and Bank of America 'a huge windfall at the expense of the city,' said attorney Robert Gordon, who represents the city's two pension funds. The funds represent retirees who likely will face pension cuts in the city's debt-cutting plan." (The Detroit News)  

Tokyo Pushes to Invest Trillion-Dollar Pension Fund More Broadly
"Prime Minister Shinzo Abe and his supporters in the ruling Liberal Democratic Party are trying to push more of $1.2 trillion in public pension money into more speculative investments, especially the stock market. More aggressive investments could help continue the market momentum that has made the Tokyo market the best performer among major markets this year. It could also bring in much-needed money to help meet the needs of a growing number of retirees." (The Wall Street Journal; subscription may be required)  

Press Releases

Labor Department Files Suit to Restore Losses to the Miller’s Health Systems Employee Stock Ownership Plan
Employee Benefits Security Administration (EBSA), U.S. Department of Labor

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