Ret plans - policy (BenefitsLink.com)Headlines re Ret plans - policy, gathered by BenefitsLink.comOpinion Effective 401(k) Fee Reform Needs Plain And Simple Disclosures- (Found June 24, 2008 ) Excerpt: "Congress can change the rules on 401(k) fee disclosure, but until consumers start reading more information and employers know how to supply it, the effort is akin to putting a bow on a pig and saying it's the Easter Bunny. It's not going to deliver the goods." (MarketWatch)http://www.marketwatch.com/news/story/effective-401k-fee-reform-needs/story.aspx?guid=%7B4... Opinion Book Review - When I'm Sixty-Four: The Plot against Pensions and the Plan to Save Them'- (Found June 24, 2008 ) Excerpt: "To her credit, Ghilarducci, an economics professor at Notre Dame, actually offers a serious proposal to provide a more secure retirement income stream for Americans, certainly for lower-income individuals. It is unfortunate, IMHO, that she devotes but a single chapter of the 300-page book to exploring the 'plan to save them,' leaving the bulk to 'the plot.'" (PLANSPONSOR.com; free registration required)http://www.plansponsor.com/pi_type11/?RECORD_ID=41618 Text of Pension Protection Act ERISA Amendments of 2008 (PDF)- (Found June 24, 2008 ) 59 pages. Excerpt: "To make technical corrections to the Pension Protection Act of 2006 relating to the Employee Retirement Income Security Act of 1974, and for other purposes." (U.S. House of Representatives via American Benefits Council)http://www.americanbenefitscouncil.org/documents/andrew_118.pdf Guidance Overview Is Your ERISA Plan Up-to-Date- (Found June 24, 2008 ) Excerpt: "The Employee Retirement Income Security Act was enacted in 1974. Since then, more than 75 laws have been passed that affect employee benefit plans and the protections afforded them by ERISA. Many of these subsequent laws have mandated extensive changes to benefit plans. This paper presents a few of the provisions contained within the statute . . . ." (Aiken & Aiken)http://aikenandaiken.com/blog/benefits-lawyers/50 Opinion Pension Debts: The Next Financial Crisis- (Found June 24, 2008 ) Book review: While America Aged by Roger Lowenstein. Excerpt: "Roger Lowenstein motivates the issues surrounding pensions by telling three stories, those of General Motors, the New York City Subway, and the City of San Diego. He captures the essence of why we have pension problems in a way that anyone can appreciate. I sum it up this way: promises today, payments far in the future. Get through the present difficulty, at the price of mortgaging the future." (Seeking Alpha)http://seekingalpha.com/article/79633-pension-debts-the-next-financial-crisis?source=news_... Opinion The U.S. Retirement Savings System - A System That Needs to Be Retired- (Found June 24, 2008 ) Excerpt: "Like many others, Teresa Ghilarducci points out how backward it is to design a retirement system in which the incentives to save are biggest for the highest-income individuals. Because contributions are tax-deferred, the tax break is biggest for those high earners." (The Washington Post; free registration required)http://www.washingtonpost.com/wp-dyn/content/article/2008/05/31/AR2008053100286.html Guidance Overview Hewitt Federal Legislation Quick Guide Updated May 28, 2008, for Retirement Plans (PDF)- (Found June 24, 2008 ) 10 pages. This Federal Legislation Quick Guide provides short updates on federal legislation that is currently under active consideration by Congress or has recently been enacted into law regarding retirement plans. (Hewitt Associates)http://www.hewittassociates.com/_MetaBasicCMAssetCache_/Assets/Legislative%20Updates/Quick... Revenue Estimates and Retirement Policy (PDF)- (Found June 24, 2008 ) 40 pages. Excerpt: "This report explores the problem with cash-flow accounting for estimating the revenue costs of retirement savings proposals and shows how a present-value analysis similar to what is used to evaluate federal credit programs and in the president's budget for the preparation of tax expenditure estimates might provide a more accurate estimate of the long-term revenue effect of deferral proposals." (U.S. Chamber of Commerce)http://www.uschamber.com/NR/rdonlyres/enurv7skpbrchzxpxjqjcd2cmc3iu6oh7gxwfiirgzaqvfdlmohd... Guidance Overview Peru Grants Survivor Pensions to Common-Law Partners- (Found June 24, 2008 ) Excerpt: "A recent court ruling in Peru gives common-law partners the right to receive a survivor pension under the public pay-as-you-go system." (Watson Wyatt Worldwide)http://www.watsonwyatt.com/us/news/globalnews2.asp?ID=19155&nm=Latin%20America/Caribbe... Despite Veto Threat, House Passes Extenders Bill with Pension Provisions- (Found June 24, 2008 ) Excerpt: "The House on May 21, 2008 passed H.R. 6049 (the Renewable Energy and Job Creation Bill of 2008), tax extenders legislation that includes a handful of provisions affecting pensions and employee benefits." (Wolters Kluwer)http://hr.cch.com/news/pension/060208a.asp |