April 1997

Time for a New Definition of “Employee”

Microsoft Corporation has a knack for generating controversy. The software giant did it again last fall, when it became the subject of a headline-grabbing court decision centering around a simple and seemingly innocuous question: What is an employee?

Pensions at the Pentagon

For years, the Pentagon has successfully argued against reductions in its lavish pension system. But budget tightening, and complaints from younger service members, may finally be making change possible.

Ron Peyton, Callan Associates 1997 DB Consultant of the Year

Plan Sponsor's Defined Benefit Consultant of the Year award cites distinguished achievement in serving institutional clients. The award also reflects the esteem in which the consultant is held by its peers, and by the investment management community.

End Of The Line

Employees who roll over their 401(k) assets when they leave or retire are creating a new hundred-billion-dollar financial services market- and a new headache for plan sponsors who must manage these distributions.

A Lesson in Liability

Pension and benefits plans can hold service providers responsible for incompetent work under state malpractice laws, court says.

In Canada, Independent is Better

Canadian pensions prefer independent money managers. But an ownership fight at a leading firm raises doubts about the independents' future.

Slate Leaves Stronger, Healthier PBGC

A predecessor and a colleague recall the late executive director's efforts to rein in pension underfunding and promote pension reform legislation.

When They Just Want to Stay Put

Most employers frown on plan participants' leaving assets in the company's 401(k) when they leave or retire. But some big plans see significant advantages in accommodating them.

Financial Planning

New software packages offer defined contribution plan participants everthing from retirement savings projections to advice on buying or leasing a car. Here is our guide to what they can do- as well as their potential problems.

Kicking the Tires: A Checklist

What to ask when investigating financial planning software packages for your defined contribution plan participants.

Extra Alpha

Stung by active managers' missing benchmarks, plans look again at enhanced indexing

Soft Dollar Probe

An SEC offensive targets broker-dealers, investment advisors, and mutual funds

Pension Obligation Bonds

Low rates inspire the first-ever state issue, and two record-breaking proposals

Information Sharing

Employees get investment advice from planners over the internet

Automatic Enrollment

Why most employers say no to an effective participation-boosting practice

Proactive Matching

Using asset-liability management to allocate the pension surplus more efficiently