Compliance

Pension Reform Makes A Comeback

March 12, 2001 (PLANSPONSOR.com) - Congressmen Rob Portman (R-Oh) and Ben Cardin (D-Md.) will re-introduce pension reform legislation in the House of Representatives March 14.

Unisys Retirees Get Another Day in Court

March 12, 2001 (PLANSPONSOR.com) - The Third Circuit has reinstated for trial the claims of some 20,000 Unisys retirees, which had been dismissed by the district court in 1997 on motions for summary judgment.

Bush Soc.Sec. Panel Issues Reform Proposals

December 11, 2001 (PLANSPONSOR.com) - President Bush's social security commission on Tuesday submitted three proposals to allow younger workers to invest part of their Social Security assets in stocks. The proposals would cut benefits in some cases.

Buyback Easing Rule will not Be Extended

October 11, 2001 (PLANSPONSOR.com) - The Securities and Exchange Commission (SEC) order temporarily easing restrictions on share buy back programs will expire tomorrow and will not be renewed, according to a statement by the regulator.

House Cte Extends SEC Emergency Order Law

October 11, 2001(PLANSPONSOR.com) - The House Financial Services Committee approved, on a voice vote, legislation extending the power of the Securities and Exchange Commission (SEC) in the face of emergencies.

TIME OUT – Retirement Security Bill on Hold Till July

June 23, 2000 (PLANSPONSOR.com) - The House Ways and Means Committee has deferred action on a retirement security bill after the July 4th congressional recess. A number of proposals to increase pension coverage, expand pension portability, promote savings and enhance pension security have been floating on the Hill.

Tax Law Benefits State College Savings Program

June 11, 2001 (PLANSPONSOR.com) - The passage of President Bush's tax package provides added incentives for residents of Mississippi to invest in the Mississippi Affordable College Savings Program (MACS).

Ex Brokers Sue Pru Over Deferred Comp

May 11, 2001 (PLANSPONSOR.com) - Prudential Securities' plan to retain employees through its deferred compensation program may backfire if former employees are successful in a suit against the group.

Flu Bug Meets FMLA Test

May 11, 2001 (PLANSPONSOR.com) - A former AT&T account representative's three-day bout with the flu was protected as a "serious health condition" requiring "continuing treatment" under the Family and Medical Leave Act, according to the US Court of Appeals for the Fourth Circuit.

Temporary Disability Fails ADA Recovery

April 11, 2001 (PLANSPONSOR.com) - A worker who was "regarded as" disabled for a period of time - but was not disabled - cannot sue for a violation of rights under the Americans with Disabilities Act (ADA), according to a federal judge.

IRS Offers Split-Dollar Guidance

January 10, 2001 (PLANSPONSOR.com) - In a move that has implications for executive benefit programs, the IRS has issued interim guidance on the tax treatment of split-dollar life insurance contracts, and is looking for comments from interested parties.

Congress Still Silent on Company Stock Fix

December 10, 2001 (PLANSPONSOR.com) - The drastic fall of Enron Corp. and its ill effects on the company's rank-and-file employees is on the minds of many members in the House of Representatives, but a formal bill addressing employer stock programs seems far off.

PBGC Proposes Payment Changes

December 22, 2000 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) has announced a number of changes that affect how it pays benefits to participants.

PaineWebber to Pay Damages to Depressed Broker

October 10, 2001 (PLANSPONSOR.com) - An NASD tribunal has found UBS PaineWebber liable to a former broker employed at one of the group's offices in Arizona, who claimed he was fired after notifying the firm that he was suffering from depression.

NLRB Says J-1 Workers Can Join Union

October 10, 2001(PLANSPONSOR.com) --The National Labor Relations Board (NLRB) has decided in favor of foreign electricians brought to the US under a company-run cultural exchange program, ruling that the workers have a right to join a union.

EEOC Charges Morgan Stanley With Gender Discrimination

September 10, 2001 (PLANSPONSOR.com) - The Equal Employment Opportunity Commission (EEOC) has accused Wall Street brokerage Morgan Stanley Dean Witter & Co. of discriminating against a top bond saleswoman fired last October and as many as 100 other female employees.

Bush Administration To Defend Affirmative Action Program

August 10, 2001 (PLANSPONSOR.com) -The government is set to file a brief with the Supreme Court defending a federal affirmative action program, which supports the Clinton-era Department of Transportation's highway construction program that favors minority and disadvantaged businesses.