Ret plans - policy (BenefitsLink.com)Headlines re Ret plans - policy, gathered by BenefitsLink.comObama Says the Government Has to Step in to Help Americans Retire- (Found June 24, 2008 ) Excerpt: "The plan is to help 78 million Americans without retirement plans to save. If the plan go through, it would cost the federal government $18.8 billion a year." (TransWorldNews)http://www.transworldnews.com/NewsStory.aspx?id=51344&cat=1 Retirement Groups Urge Change in Method of Estimating Revenue Effects of Legislative Proposals- (Found June 24, 2008 ) Excerpt: "A group consisting of ten retirement advocacy organizations . . . has issued a research report which advocates the use of present-value accounting instead of cash-flow accounting when estimating the revenue cost of proposed legislative changes affecting retirement policy." (Wolters Kluwer)http://hr.cch.com/news/pension/062308a.asp How Changes in Social Security Affect Recent Retirement Trends- (Found June 24, 2008 ) Excerpt: "According to CPS data, men 65 to 69 were about six percentage points less likely to be retired in 2004 than in 1992. CPS and Health and Retirement Study (HRS) data indicate a corresponding difference of 3 percentage points between 1998 and 2004. Simulations with a structural retirement model suggest changes in Social Security rules between 1992 and 2004 increased full time work of 65 to 67 year old married men by a little under 2 percentage points, about a 9 percent increase, and.http://papers.nber.org/papers/w14105 New York State Removes More Lawyers from Pension System- (Found June 24, 2008 ) Excerpt: "Since beginning its review of attorneys improperly reported as employees to the state pension system, the comptroller's office has revoked or suspended the pensions of 13 people, four of them on Long Island. It has canceled pension credits for five people statewide, one of them on Long Island." (NewsDay)http://www.newsday.com/services/newspaper/printedition/saturday/longisland/ny-licomp145726... Guidance Overview Hewitt Federal Legislation Quick Guide Updated June 11, 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... Guidance Overview Towers Perrin U.S. Legislative Tracking Charts -- Retirement -- Updated June 4, 2008 (PDF)- (Found June 24, 2008 ) 12 pages. Excerpt: "These charts summarize selected federal legislation that would affect employee benefit programs. The bills included on the charts are based on judgments regarding the prominence of the issue, the likelihood of enactment, and the influence of the sponsors." (Towers Perrin)http://www.towersperrin.com/tp/getwebcachedoc?country=global&webc=HRS/USA/2007/200708/... French Government Tries to Increase the Actual Retirement Age (PDF)- (Found June 24, 2008 ) Excerpt: "The legal retirement age in France is currently 65. However, employees can retire with unreduced pensions from age 60 after a full career period, i.e., after a predetermined number of quarters during which they made contributions. In practice, the actual retirement age is closer to 61 than 65. In 2003, as a first step toward increasing the effective retirement age, legislation was adopted to increase the full careerperiod." (Towers Perrin)http://www.towersperrin.com/tp/getwebcachedoc?country=global&webc=HRS/FRA/2008/200804/... Guidance Overview Hewitt Federal Legislation Quick Guide Updated June 4, 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... Rep. Meek Introduces Legislation to Fix Public Safety Retiree Tax Issue- (Found June 24, 2008 ) Excerpt: "Representative Kendrick Meek (D-FL) recently introduced legislation in the House of Representatives to fix issues related to public safety retiree taxation that came about as a result of recent changes to the tax code." (National Conference on Public Employee Retirement Systems)http://www.ncpers.org/News/Meek828Intro.asp Guidance Overview Watson Wyatt's Pensions News Filter Covering the United Kingdom- (Found June 24, 2008 ) Excerpt: "Over the last few months, there has been an overwhelming flurry of activity in the pensions arena. We have now seen the outcome of many of last year's consultation exercises, including revisions to the employer debt, dispute resolution and transfer rules. However, some of last year's proposals appear to have made no progress, such as the conversion of Guaranteed Minimum Pensions. No doubt this issue is proving more complicated than the Government first thought." (Watson...http://www.watsonwyatt.com/europe/pubs/pensionfilter/default.asp |