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Industry News
Change in Governmental Plan Definition to Affect Charter Schools
Change in Governmental Plan Definition to Affect Charter Schools
February 7, 2012 (PLANSPONSOR.com) - The National Alliance for Public Charter Schools estimates more than 90,000 charter school employees will be impacted by the Internal Revenue Service’s proposal to change the definition of governmental plan.
Categories: Industry News
Industry Players Mostly Pleased with Final Rule on 408b2
Industry Players Mostly Pleased with Final Rule on 408(b)(2)
February 3, 2012 (PLANSPONSOR.com) – Members of the retirement plan community were mostly positive about the final rule on 408(b)(2) fee disclosure regulations.
Corie Russell
editors@plansponsor.com
The U.S. Department of Labor’s (
Categories: Industry News
Calif Governor Submits 12Point Pension Reform Plan
Calif. Governor Submits 12-Point Pension Reform Plan
February 3, 2012 (PLANSPONSOR.com) – California Governor Jerry Brown sent the language for his 12-point pension reform plan to the Legislature’s Conference Committee on Public Employee Pensions.
Tara Cantore
editors@plansponsor.com
Acco
Categories: Industry News
NH Court Says Increasing State Employee Pension Contributions Illegal
N.H. Court Says Increasing State Employee Pension Contributions Illegal
February 3, 2012 (PLANSPONSOR.com) - A Merrimack County (New Hampshire) Superior Court judge decided it is illegal to ask longtime state employees to contribute more from their paychecks for their pensions.
Rebecca Moore
editors@plan
Categories: Industry News
CalSTRS Further Lowers Investment Return Assumption
CalSTRS Further Lowers Investment Return Assumption
February 3, 2012 (PLANSPONSOR.com) - The governing board of the California State Teachers’ Retirement System (CalSTRS) adopted a new set of actuarial assumptions, including lowering the investment return assumption from 7.75% to 7.5%.
Rebecca Moore
edit
Categories: Industry News
Sick Time Payouts Costing Chicago Teachers Retirement System
Sick Time Payouts Costing Chicago Teachers’ Retirement System
February 3, 2012 (PLANSPONSOR.com) - The Chicago Public Schools system spends tens of millions of dollars annually to departing employees for unused time off.
Rebecca Moore
editors@plansponsor.com
Since 2006, the district paid a t
Categories: Industry News
Majority of Employees Find Benefit Counseling Valuable
Majority of Employees Find Benefit Counseling Valuable
February 3, 2012 (PLANSPONSOR.com) – Ninety-six percent of workers who take part in individual benefits counseling sessions say they better understand their benefits as a result.
Tara Cantore
editors@plansponsor.com
According to the surv
Categories: Industry News
Lowes Sued over Cancelling Health Plan Participants Coverage
Lowe’s Sued over Cancelling Health Plan Participants’ Coverage
February 3, 2012 (PLANSPONSOR.com) – A lawsuit was filed on behalf of all participants in Lowe’s Companies’ Group Medical Plan who had their health coverage terminated and were denied medical benefits by Lowe's for part or all of the 2011 calendar y
Categories: Industry News
Segal Advisors Acquires Rogerscasey
Segal Advisors Acquires Rogerscasey
February 3, 2012 (PLANSPONSOR.com) – Segal Advisors acquired the business of Rogerscasey.
Tara Cantore
editors@plansponsor.com
The combined entity has more than 325 clients with worldwide advisory assets approaching $400 billion. With more than 120 staf
Categories: Industry News
IRS Issues Interim Report about 401k Compliance Questionnaire
IRS Issues Interim Report about 401(k) Compliance Questionnaire
February 3, 2012 (PLANSPONSOR.com) – The Internal Revenue Service’s (IRS) interim report of responses from its 401(k) Compliance Check Questionnaire offers a view of the 401(k) plan design landscape.
Rebecca Moore
editors@plansponsor.com
Categories: Industry News
EPIC Advisors Selects Platform to Provide 408b2 Compliance
EPIC Advisors Selects Platform to Provide 408(b)(2) Compliance February 3, 2012 (PLANSPONSOR.com) - Castle Rock Innovations (CRI) announced that EPIC Advisors, Inc. (EPIC) chose CRI’s AXIS Retirement platform to provide compliance with the Department of Labor’s 408(b)(2) fee disclosure requirements. T
Categories: Industry News
PSolve Acquires Cassidy Retirement Group
P-Solve Acquires Cassidy Retirement Group
February 3, 2012 (PLANSPONSOR.com) - P-Solve has completed the merger of its U.S. subsidiary with Cassidy Retirement Group (CRG).
Tara Cantore
editors@plansponsor.com
The acquisition forms a new business in the P-Solve Group—P-Solve Cassidy. P-Solve wi
Categories: Industry News
White Paper Examines Benefits of a 408b2 Audit
White Paper Examines Benefits of a 408(b)(2) Audit
February 3, 2012 (PLANSPONSOR.com) - Roland|Criss published its third in a series of white papers addressing the new 408(b)(2) regulation’s specific impact on retirement plan sponsors.
Tara Cantore
editors@plansponsor.com
The white paper, tit
Categories: Industry News
PBGC Director Explains Retirement Security Challenges
PBGC Director Explains Retirement Security Challenges
February 3, 2012 (PLANSPONSOR.com) - Josh Gotbaum, director of the Pension Benefit Guaranty Corporation (PBGC), told a House subcommittee Thursday that the combination of living longer, the economy, and changes in pension plans is threatening many people's re
Categories: Industry News
Announcing PLANSPONSORs 2012 Plan Sponsor of the Year Finalists
Announcing PLANSPONSOR’s 2012 Plan Sponsor of the Year Finalists February 1, 2012 (PLANSPONSOR.com) - Each year, the editors of PLANSPONSOR magazine, the industry’s leading resource for pension and benefits related news, recognize plan sponsors that demonstrate leadership in providing a more secure retirement
Categories: Industry News
SandP 1500 Pension Deficits Lower in January
S&P 1500 Pension Deficits Lower in January
February 2, 2012 (PLANSPONSOR.com) - The aggregate deficit in pension plans sponsored by S&P 1500 companies was $431 billion at January 31, 2012, a decrease of $53 billion from year-end 2011.
Rebecca Moore
editors@plansponsor.com
This defici
Categories: Industry News
Treasury Proposals Pave Way for Offering Lifetime Income Options
U.S. Treasury Proposal to Reduce Regulatory Burdens for Retirees February 2, 2012 (PLANSPONSOR.com) – The U.S. Treasury Department announced a proposal to reduce regulatory burdens and make it easier for retirees to choose to receive their benefits as a stream of income in regular payments for as long as th
Categories: Industry News
Los Angeles Files Lawsuit Against Northern Trust for Pension Loss
Los Angeles Files Lawsuit Against Northern Trust for Pension Loss February 2, 2012 (PLANSPONSOR.com) – Los Angeles City Attorney Carmen A. Trutanich filed a multimillion-dollar lawsuit against North Trust, alleging the company squandered city pension assets by placing them in high-risk financial products.
Categories: Industry News
ERIC Asks Congress to Fix Pension Funding Rules
ERIC Asks Congress to Fix Pension Funding Rules
February 2, 2012 (PLANSPONSOR.com) – The ERISA Industry Committee (ERIC) called on Congress to enact permanent reforms to the pension funding rules enacted under the Pension Protection Act of 2006 (PPA).
Rebecca Moore
editors@plansponsor.com
Gr
Categories: Industry News
Buck Hires Health and Productivity Practice Leader
Buck Hires Health and Productivity Practice Leader
February 2, 2012 (PLANSPONSOR.com) - Scott Anderson joined Buck Consultants as a principal in the Health and Productivity practice, and will serve as the firm’s St. Louis practice leader.
Rebecca Moore
editors@plansponsor.com
Anderson will l
Categories: Industry News
