The ?06 ERISA Outline book will give you what you need to succeed. Now with five volumes, these are the books that will tell you what you need to know, including:
Revised comprehensive 415 regulations Expanded information on Roth 401(k) contributions Final USERRA regulations
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Overview: IRS Finalizes Roth 401(k) Regulations Excerpt: "The IRS has finalized the Roth 401(k) regulations that were proposed last year .... Although the final regulations generally follow the proposed regulations, the IRS made some changes. The rules became effective January 1, 2006." (Watson Wyatt Worldwide)
Pension Reform Moves Forward -- Stage Set for Final Agreement in 2006 Excerpt: "As the U.S. House of Representatives was wrapping up its 2005 legislative session, the Pension Protection Act (PPA, H.R.2830) seemed stalled. But a last-minute agreement between key lawmakers and the United Auto Workers cleared the way, and the House approved the PPA by a vote of 294-132 on December 15, 2005." (Watson Wyatt Worldwide)
Proposed Bill Would Impose More Scrutiny on CalPERS Excerpt: "A bill introduced by California Assemblyman Keith Richman proposes an outside audit of the California Public Employees' Retirement System (CalPERS) every three years. The Sacramento Bee reports that Richman wants to ensure the fund faces 'the same transparency that we have in public companies.' His proposal was spurred by questions about CalPERS estimates of state contributions when appealing to the Legislature in 1999 for improved retirement benefits." (PLANSPONSOR.com: one-time registration required)
$37.1 Billion Hike in PBGC Premiums Sought in Budget Request Excerpt: "The Bush administration [yesterday] proposed raising the premiums paid by U.S. companies for federal pension insurance by $37.1 billion over the next 10 years, a move unlikely to garner much support in Congress." (Chicago Tribune: one-time registration required)
Pension Program Savings May Be Optimistic Excerpt: "Of the $65 billion in savings from entitlement programs that President Bush has proposed, one-fourth would come from steps to restore solvency to the federal agency that insures employer-based pension plans." (AP via The New York Times; one-time registration required)
Bush Plan Would Cut Social Security Survivor Benefits Excerpt: "If President Bush gets his way, the venerable $255 Social Security death benefit will fade into history. And 16- and 17-year-old high school dropouts will lose their monthly survivor payments." (AP via The New York Times; one-time registration required)
Commentary: Bush's Social Security Sleight of Hand Excerpt: "If you read enough numbers, you never know what you'll find. Take President Bush and private Social Security accounts. Last year, even though Bush talked endlessly about the supposed joys of private accounts, he never proposed a specific plan to Congress and never put privatization costs in the budget. But this year, with no fanfare whatsoever, Bush stuck a big Social Security privatization plan in the federal budget proposal, which he sent to Congress on Monday." (The Washington Post; one-time registration required)
The Effects of Investing the Social Security Trust Funds in GNMA Mortgage-Backed Securities (PDF) 39 pages. Excerpt: "This AARP Public Policy Institute Issue Paper examines the effect on trust fund solvency of investing trust fund assets in Government National Mortgage Association mortgage-backed securities (MBS), which are guaranteed in principal and interest by the federal government but carry a higher yield than U. S. treasury bonds." (AARP)
Links to Items on Executive Comp, Benefits in General
Overview: Annual Funding Notice for Multiemployer Plans (PDF) 2 pages. Excerpt: "The obligation to provide the notice was added to ERISA by the Pension Funding Equity Act of 2004. According to the EBSA, the purpose of the notice is to provide all those parties interested in a plan's financial viability the opportunity to monitor the plan's funding status. In the past, it has often been difficult for employers contributing to multiemployer pension plans to obtain current data regarding a plan's funding status." (Seyfarth Shaw LLP)
Analysis: SEC's Sweeping Compensation Disclosure Reform Proposal (PDF) 43 pages. Excerpt: "[T]he SEC has proposed amendments, which, if adopted, will implement numerous changes to the disclosure requirements for reporting companies. These changes have both an overarching component, mandating new substantive disclosures in a number of areas, and also a detailed component, requiring very specific new elements on discrete aspects of a particular disclosure requirement." (Orrick, Herrington & Sutcliffe LLP)