BenefitsLink
Retirement Plans
Newsletter
Retirement Plans
Newsletter
March 1, 2006
Today's sponsor: DATAIR Employee Benefit Systems, Inc.
(Click on company name or banner to learn more.)
DATAIR's IMPROVED BENEFIT ADMINISTRATION SOFTWARE for 401(k), Profit Sharing and all other Defined Contribution plans. Designed for administrators and consultants.
This Windows system features many important enhancements including flexible input for employee data, share and dollar accounting; redesigned easy-to-read report formats, a transaction database for time-weighting of allocations; electronic anniversary notification and data collection; and unlimited investment and source definitions. The system also allows for great flexibility in setting up graded class allocation (cross-tested new comparability) plans.
Training and support included. For free demo versions and pricing, contact sales@datair.com or call 1-888-328-2474.
(Please visit our sponsors. We try to make sure their products and services will be of interest to you. Thanks! --Editor)
Remarks: The Regional Perspective on Pension Issues
Remarks by Michael H. Moskow, President and CEO, Federal Reserve Bank of Chicago at the State and Local Government Pension Forum, February 28, 2006. (Federal Reserve Bank of Chicago)
ERISA's Provisions Governing the Termination of a Pension Plan (PDF)
46 pages. Excerpt: "The distress termination under ERISA of a pension plan in a chapter 11 case relieves the debtor of the contractual obligations arising from the pension plan agreement and the statutory obligations imposed by ERISA but results in a claim for accrued but unpaid funding contributions." (Thomson/West. via Gardner Carton & Douglas LLP)
Blog: Chicago Fed Blogs Public Pensions
Excerpt: "[W]hat's cool is that the Chicago Fed used the occasion of its public plan forum to give birth: welcome a new blog to the benefits world!" (Pensions & Benefits Weblog)
The India Fringe Benefits Tax -- Light at the End of the Tunnel for Superannuation
Excerpt: "It has been a year since Fringe Benefit Tax (FBT) was introduced. [Watson Wyatt has] seen much lobbying from corporate India that valid business expenditure is being taxed under FBT and that superannuation (pension) is subject to double taxation." (Watson Wyatt Worldwide)
IRS Raises Service Fees: Benefit Industry Renders a Little More Unto Caesar
Excerpt: "Raising taxes isn't the only method the Internal Revenue Service has for making money. The IRS can ratchet up fees for their services, too, which plan providers, sponsors and participants are finding out the hard way." (Employee Benefit News)
Opinion: An Uncertain Future for the Key Provisions of EGTRRA
Excerpt: "The impact of that legislation on our business can hardly be overstated. In a single stroke, it boosted stifling contribution limits for defined contribution programs, lifted arcane limits on compensation and benefits, provided economic incentives for lower income workers to participate in these programs, and gave older workers a chance to 'catch up' on missed opportunities to save for retirement." (PLANSPONSOR.com: one-time registration required)
Links to Items on Executive Comp, Benefits in General
Report Calls for Action Against Age Discrimination
Excerpt: "A report from the International Longevity Center-USA (ILC-USA) points to widespread age discrimination in American society." (PLANSPONSOR.com: one-time registration required)
Overview: SEC Proposal of Comprehensive Executive Compensation Disclosures (PDF)
2 pages. (Milliman)
Stock Option Values Reflect Performance in 2005
Excerpt: "CEOs at high-performing companies saw large gains in the value of their unexercised stock options last year, while those at poor-performing companies saw significant decreases, according to a new CEO pay analysis by Watson Wyatt." (PLANSPONSOR.com: one-time registration required)
New edition of Accounting for Equity Compensation
The NCEO presents excerpts from the new edition of its book Accounting for Equity Compensation, a completely new version that covers accounting for stock options and other equity plans under Statement of Financial Accounting Standards No. 123 (revised 2004) (SFAS No. 123(R)). (National Center for Employee Ownership)
Listing of IRS Published Guidance for January 2006 -- February 2006
The target page links to guidance published by the Service relating to retirement plans: Treasury Regulations; Revenue Rulings; Revenue Procedures; Notices; and, Announcements. (U.S. Internal Revenue Service)
Newly Posted Events
Retirement Income - Are Defined Contribution Plans Enough?
in District of Columbia on March 23, 2006
presented by Capital Chapter ISCEBS
Newly Posted Press Releases
Preparing For Retirement: It?s Not Just About Saving
(American Council of Life Insurers)
CPI Names Manager of Payroll Division
(CPI Qualified Plan Consultants, Inc.)
Newly Posted or Renewed Job Openings
Call Center Representative
for New York Life Investment Management LLC
in MA, NJ
Assistant Product Manager
for New York Life Investment Management LLC
in MA
Quality Assurance Specialist ? Hospital Claims
for 1199SEIU Benefit and Pension Funds
in NY
Pension Administrator
for Premier Recruiters & Associates
in NC
Plan Administrator
for Pinnacle Plan Design, L.L.C.
in AZ
Handy Links:
- View Today's Active Message Threads
- Search BenefitsLink
- Using the Web for Employee Benefits Research (hypertext article)
- Employee Benefits Library
Copyright 2006 BenefitsLink.com, Inc.; except that you may reprint this newsletter in full (including this sentence) without obtaining our permission.
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Editor and Publisher: David Rhett Baker, J.D.
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