Compliance

Former Connecticut Treasurer Settles Kickback Charges

October 11, 2000 (PLANSPONSOR.com) - Former Connecticut treasurer Paul Silvester has agreed to pay $10,500 to settle a civil fraud suit alleging he invested state pension fund money in firms that provided kickbacks to his friends and political cronies.

PBGC Head Foresees 401(k) Retirement Crisis

May 11, 2000 (PLANSPONSOR.com) - A retirement security crisis is looming if the decline in defined benefit plans is not reversed, said David Strauss, Executive Director of the Pensions Benefit Guaranty Corporation, in a speech reported by BNA's Daily Labor Report.

SEC To Vote On Trade Disclosure Proposal

November 10, 2000 (PLANSPONSOR.com) - The Securities and Exchange Commission (SEC) is expected to vote next week on a rule that could give plan sponsors a better idea of how their trades are processed.

Lawmakers To Take Up Pension Proposals

July 10, 2000 (PLANSPONSOR.com) - Lawmakers will return from the July 4th recess this week with a number of pension reform provisions on the docket, including proposals that would help workers ease into retirement, increase pension portability and trim regulatory requirements.

Employee Suits Spring Up At Wal-Mart

August 9, 2001 (PLANSPONSOR.com) - The nation's largest employer suddenly finds itself at the center of a number of discrimination and harassment suits from a number of its workers and former workers.

S Corp. ESOPs Under Attack

May 9, 2000 (PLANSPONSOR.com) - Workers and managers descended on Washington today, charging that an Administration proposal would destroy S corporation ESOPs by taxing them out of existence.

Pension Reform Dies – For Now

December 8, 2000 (PLANSPONSOR.com) - Republican leaders have decided to postpone pursuing passage of pension reform proposals, until after the anticipated election of Texas Governor George W. Bush.

La. Funds Lead Way In $259 Mln. Settlement

November 8, 2000 (PLANSPONSOR.com) - Two Louisiana pension funds have triumphed in the second largest-ever settlement ever obtained from a corporate defendant in a securities class action, acting as leading plaintiffs in a suit against 3Com.

"Cheap" Shot? S&P Parent Sues Vanguard

June 8, 2000 (PLANSPONSOR.com) - Standard & Poor's parent McGraw-Hill has accused the ever-frugal Vanguard Group with breach of contract, trademark infringement and unfair competition in federal court. The charges are related to Vanguard's allegedly unpermissioned use of S&P proprietary indices and trademarks in conjunction with its proposed VIPER (Vanguard Index Participation Equity Receipts) exchange-traded funds (see FINANCE TRENDS).

Washington Conversation: Reps. Portman and Cardin

In a legislative session frequently marred by partisan bickering, the need for dramatic pension reform drew an astounding level of bipartisan support in 2000 - only to run out of time. So, it's no surprise that it has managed to return with no apparent loss of momentum, thanks largely to the informed and enthusiastic support of two key individuals from each side of the aisle.

Washington Conversation: Reps. Portman and Cardin, Part 2

In a legislative session frequently marred by partisan bickering, the need for dramatic pension reform drew an astounding level of bipartisan support in 2000 - only to run out of time. So, it's no surprise that it has managed to return with no apparent loss of momentum, thanks largely to the informed and enthusiastic support of two key individuals from each side of the aisle.