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Research Shows Promoting Electronic Delivery of Retirement Documents Benefits Participants
"The Department of Labor (DOL) should allow defined contribution (DC) plans to make electronic delivery the default mechanism for conveying disclosure notices and information to plan participants, according to a new white paper. Greater use of electronic delivery would provide plan participants with timely and easy access to information in a more user-friendly format that allows a participant to obtain more information or take action in response to the information, according to the paper by independent experts." (American Society of Pension Professionals & Actuaries)
Hey, Plan Participant: Step Away from That Growing Pile of Money
"[B]orrowing remains a losing proposition. If you borrow $10,000 from your account, and then repay it after five years, it will have lost five years in which it could have been growing for you. What will you lose? Check out the table below: . . . ." (Motley Fool)
Insure Against Longevity Risk With Immediate Annuities
"The insurance industry's pitch: While retirees shouldn't annuitize all of their assets, income annuities offer unique qualities as an asset class when mixed into a broader portfolio of stocks and bonds. Those include high cash flow uncorrelated with equities or bonds, and alpha in the form of mortality credits, which are unique to insurance products." (registeredrep.com)
New PBGC Rules Deny Benefit Guarantees After Employer Seeks Bankrup.tcy
"Final rules adopted by the Pension Benefit Guaranty Corp. will deny PBGC guarantees for benefits earned after an employer files for bankrup.tcy and before the agency takes over the plan." (Business Insurance)
Things Employers Should Tell Employees About Their Retirement Plan As New Participant Fee Disclosure Rules Come Into Effect
"With new participant fee disclosure regulations coming into effect next year, some employees may be in for a shock. Here's what you can do to start prepping them now." (Employee Benefit News; free registration required)
Best New Retirement-Planning Tools
"Three new financial tools, all released in the past few months, can help you with filing for Social Security, tapping your nest egg and finding a financial adviser. . . . AnalyzeNow.com . . . Fidelity Investments' 'Income Strategy Evaluator' . . . BrightScope Inc.'s new 'Advisor Pages'." (SmartMoney)
SmartMoney's Online Retirement Planner
Slider controls are used to set age, retirement age, current salary, and annual savings. From the Wall Street Journal. (Wall Street Journal)
States Face Pension Quandary in Valuing Liabilities
"The Pension Protection Act essentially requires the use of AA-rated corporates for private-sector plans. Government accounting standards, however, rely on the expected rate of return on assets." (ai-cio.com)
Space Shuttle Program's End Leaves NASA With a Pension Bill
"The nation's space agency plans to spend about half a bil.lion dollars next year to replenish the pension fund of the contractor that has supplied thousands of workers to the space shuttle program. . . . This appears to be the first time . . . that a company's main contract has expired and [a federal] agency has had to bear the cost of terminating its plans." (New York Times)
Benefits in General; Executive Compensation
The Employee Benefits Tax in Rhode Island Municipalities: How Much Do You Owe?
"One out of every four dollars cities and towns collected in taxes in 2010 was owed to retiree pensions and health care benefits . . . ." (GoLocalProv.com)
Press Releases
Council Testifies: Plan Sponsors Need Predictability and Clarity from Agencies, Support from Congress in the Deficit Debate (American Benefits Council)
The Principal Extends TPA Expense Allowance Program (The Principal Financial Group)
Robin Lazarow Joins Diversified as Senior Counsel (Diversified Investment Advisors)
Health Savings Account Enrollment Reaches 11.4 Million (America?s Health Insurance Plans (AHIP))
Research Shows Electronic Delivery of Retirement Documents Benefits Participants (American Society of Pension Professionals & Actuaries (ASPPA))
Employee Benefits Jobs
Director—Plan Conversions
for Charles Schwab in OH
Director—Document and Technical Services
for Charles Schwab in OH
Benefits Analyst/Auditor
for MTA NYC Transit in NY
Senior Business Systems Analyst
for Enterprise Iron Financial Industry Solutions Inc. in ANY STATE
Director of Retirement Services
for Office of the State Comptroller in CT
401(k) Administrator
for Duncan Financial Group, LLC in PA
Defined Contribution Plan Administrator
for Tyler, Simms & St. Sauveur, CPAs, P.C. in NH
Post Your Job on EmployeeBenefitsJobs.com
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