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Many State Workers Choosing to Retire Instead of Facing Cuts to Pay and Benefits
"The increase in retirements has exacerbated a problem that has developed over decades: the lack of qualified replacements for an aging state workforce . . . ." (Bloomberg LLP)
IRS Phone Forum Handout: Funding Standards and Relief for Single and Multiemployer Plans, April 28, 2011 (PDF)
"The presentation will focus on the rules under the Pension Protection Act, funding relief and relevant agency guidance, and key practical issues." (U.S. Internal Revenue Service)
Strong Investment Gains and Legislative Changes Speeding Public Pension Recovery (PDF)
"At the end of calendar year 2010, aggregate state and local government retirement system assets totaled $2.93 tril.lion, a 35 percent increase from their quarterly low point during the market collapse." (National Association of State Retirement Administrators / National Council on Teacher Retirement)
ERIC Responds to Support for PBGC Setting Premiums
"In a letter-to-the-editor of the Washington Post, ERISA Industry Committee (ERIC) President Mark Ugoretz said the group takes issue with a Post editorial supporting the ability of the [PBGC] to determine how much a company that sponsors a pension plan must pay in premiums based on the company's financial condition." (PLANSPONSOR.COM)
Law Firm Supports Making ESOP Valuators Fiduciaries
"Unlike other commenters on the [DOL's] proposed redefinition of fiduciary, the law firm of Lewis, Feinberg, Lee, Renaker & Jackson supports the inclusion of valuators of closely-held employer securities in the definition of fiduciary." (PLANSPONSOR.COM)
Public Fund Survey Summary of Findings for FY 2009 (PDF)
"The Public Fund Survey is an online compendium of key characteristics of most of the nation's largest public retirement systems. [Originally published November 2010.]" (National Association of State Retirement Administrators)
Benefits in General; Executive Compensation
Enrolled Agent Fees Lowered from $125 to $30 in Final Regulations
"The Internal Revenue Service has finalized regulations in the April 19 Federal Register that reduce fees to $30 for the initial application and renewal by enrolled agents and enrolled retirement plan agents in order to practice before the IRS." (Wolters Kluwer Law & Business)
Best Practices in Employee Financial Education for Different Generations
"When designing financial education programs for employees, companies that keep in mind generational differences in viewpoints, learning styles and adaptation to technology build more effective programs." (Liz Davidson, Financial Finesse via 401khelpcenter.com)
Press Releases
US Labor Department Obtains Order Against Ohio-based Christopher Technologies and President to Restore More Than $37,000 to Worker 401(k) Plan (U.S. Department of Labor, Employee Benefits Security Administration (EBSA))
US Labor Department Proposes Rule to Improve Employment of Protected Veterans (U.S. Department of Labor, Employee Benefits Security Administration (EBSA))
CIGNA Launches Enhanced International Employee Assistance Program (CIGNA Corporation)
NCOA First in Nation to Offer Better Choices, Better Health to Employees (National Council on Aging (NCOA))
Wide Range Found in 401k Total Plan Costs (401k Averages Book)
TPA Signs On to Mid-Atlantic?s ModelxChange Platform (Mid Atlantic Trust Company)
New ?Digital Advantage? Product Suite Breaks Ground Delivering Exclusive Employee Benefits for Small- and Mid-Sized Employers (Digital Insurance)
Employee Benefits Jobs
Customer Service Representative
for YMCA Retirement Fund in NY
Post Your Job on EmployeeBenefitsJobs.com
Webcasts and Conferences
Overcoming 401(k) Nondiscrimination Testing Woes in District of Columbia on May 9, 2011 presented by Thompson Interactive, A Division of Thompson Publishing Group
The Fiduciary?s Role in the Self-Funded Industry: Avoiding Legal Landmines in District of Columbia on June 9, 2011 presented by Thompson Interactive, A Division of Thompson Publishing Group
The New Form 8955-SSA: How to Be in Compliance in District of Columbia on May 19, 2011 presented by Thompson Interactive, A Division of Thompson Publishing Group
Wellness Programs for a Multi-Generational Workforce in District of Columbia on May 26, 2011 presented by Thompson Interactive, A Division of Thompson Publishing Group
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