HR/BENEFITS - Nov 21, 2009
Word of the Year Has 'Lex-Appeal'
November 21, 2009 (PLANSPONSOR.com) – There’s something decidedly unfriendly about the New Oxford American Dictionary's 2009 Word of the Year.
HR/BENEFITS - Nov 21, 2009
Top Companies Prize, Build Leadership
November 21, 2009 (PLANSPONSOR.com) – Guess what distinguishing characteristic sets “Global Top Companies” apart?
FINANCE - Nov 21, 2009
MOSERS May Sue Over Future Investment Losses, Limit Staff Bonuses
November 21, 2009 (PLANSPONSOR.com) - Trustees of the $6.8 billion Missouri State Retirement System (MOSERS) have voted to consider lawsuits seeking damages if they suffer future investment losses.
RULES/REGS - Nov 21, 2009
GAO Report Examines Executive Comp Practices at Firms with Underfunded Pensions
November 20, 2009 (PLANSPONSOR.com) – A new report from the Government Accountability Office (GAO) has some legislators talking about freezing executive compensation at firms that have “significantly underfunded” pension plans.
FINANCE - Nov 20, 2009
CalPERS Head Calls for Tougher Placement Agent Law
November 20, 2009
(PLANSPONSOR.com) – The head of the California
Public Employees’ Retirement System (CalPERS) Board of Administration has directed
staff members of the giant pension fund to push for a new tougher state law
governing private placement agents.
HR/BENEFITS - Nov 20, 2009
Wash. State Poll Finds Delayed Retirement Intentions
November 20, 2009
(PLANSPONSOR.com) - More than 60% of Puget Sound-area residents in the state of
Washington say they have delayed or plan to delay their retirement beyond their
ideal age.
PRODUCTS - Nov 20, 2009
Transamerica Introduces New Mutual Fund Platform
November 20, 2009 (PLANSPONSOR.com) - Transamerica Retirement Services has
introduced a new mutual fund platform for retirement plans
that includes target maturity funds from three fund families, and has no proprietary
fund requirements.
FINANCE - Nov 20, 2009
Ohio AG Sues Rating Agencies
November 20, 2009 (PLANSPONSOR.com) - Ohio Attorney General Richard
Cordray has filed a lawsuit against Standard & Poor’s, Moody’s, and Fitch for
"providing unjustified and inflated ratings of mortgage-backed securities
in exchange for lucrative fees from securities issuers."
RULES/REGS - Nov 20, 2009
NY High Court Upholds Benefits Rights for Same-sex Married Couples
November 20, 2009 (PLANSPONSOR.com) - New York's top court on Thursday
rejected a Christian legal group's challenge to the provision of public
employee benefits to same-sex couples legally married elsewhere.
FINANCE - Nov 20, 2009
Oregon Settles with Oppenheimer on 529 Plan Losses
November 20, 2009 (PLANSPONSOR.com) - The state of Oregon has reached a
$20-million settlement with MassMutual Financial Group's OppenheimerFunds Inc. of
losses in a bond fund in the state's 529 college-savings plan.
FINANCE - Nov 20, 2009
MOSERS Boosted by $600M in Q3
November 20, 2009 (PLANSPONSOR.com) - The Missouri State Employees'
Retirement System (MOSERS) recorded an overall 10.4% return for the quarter
ending September 30.
HR/BENEFITS - Nov 20, 2009
Changing U.S. Workforce More Productive in Bad Economy
November 20, 2009
(PLANSPONSOR.com) – A new study from PricewaterhouseCoopers (PwC) Saratoga
about the state of personnel management among U.S. employers found the recession has given companies a more productive employee base as workers do more with fewer resources.
PRODUCTS - Nov 20, 2009
Former AIG Investment Advisory Biz Rebrands
November 20, 2009 (PLANSPONSOR.com) - PineBridge Investments is the new
brand name of the asset management and investment advisory business that is
being sold by American International Group, Inc. (AIG).
HR/BENEFITS - Nov 20, 2009
House Committee Approves Fed Employee Same-Sex Partner Benefits
November 20, 2009 (PLANSPONSOR.com) - After a heated debate over gay
rights and extending benefits in an economic downturn, the U.S. House Oversight
and Government Reform Committee on Wednesday passed 23 to 12 legislation that
would provide health care and other employment benefits to the same-sex domestic
partners of federal employees, Govexec.com reports.
FINANCE - Nov 20, 2009
Monster Employees Seek Stock Drop Suit Settlement OK
November 20, 2009
(PLANSPONSOR.com) – A group of 401(k) participants has hammered out a
$4.25 million out-of-court settlement of a stock-drop lawsuit against their
employer Monster Worldwide Inc. and is now seeking court approval of the
agreement.
RULES/REGS - Nov 19, 2009
Boehner Slams Obama Administration for Advice Move
November 19, 2009 (PLANSPONSOR.com) - House Republican Leader John Boehner (R-Ohio) today blasted the decision by the Obama Administration to withdraw the final regulations on investment advice.
PEOPLE - Nov 19, 2009
Bello Tapped for New Role in ING's Intermediary Corporate Markets
November 19, 2009 (PLANSPONSOR.com) - Pat Bello, formerly head of Mid Market Sales and Business Development for ING U.S. Retirement Services, has been selected to lead the northeast sales region for ING's Intermediary Corporate Markets.
HR/BENEFITS - Nov 19, 2009
Hitting the Road for Thanksgiving?
November 20, 2009 (PLANSPONSOR.com) – If you’re hitting the road for Thanksgiving – and you’re in, or heading for the Northeast - you might want to leave a little early.
PRODUCTS - Nov 19, 2009
DATAIR Releases PPA Windows Valuation System for Defined Benefit Plans
November 19, 2009 (PLANSPONSOR.com) - DATAIR has announced the latest release of its DB System, described as the “next-generation Defined Benefit software for proposals, compliance testing, valuation and administration”.
MARKETS - Nov 19, 2009
International Equities Continue to Win over Domestic Equities
November
19, 2009 (PLANSPONSOR.com) - For the third consecutive month, investors
deposited a $40 billion-plus amount into bond funds, bringing year-to-date bond
fund flow volumes to an enormous $330 billion, according to data from Strategic
Insight, an Asset International company.