Compliance

Bush, Norwood Reach Agreement on PBOR

August 2, 2001 (PLANSPONSOR.com) ? President Bush and Representative Charles Norwood (R-Georgia) say they have reached agreement on the approach for the passage of a patients' bill of rights in the House ? but not everyone agrees with their conclusion.

Participant Advice Bill Passes Subcommittee

August 2, 2001 (PLANSPONSOR.com) - Broader access to participant investment advice took another step forward Thursday, as the Employer-Employee Relations (EER) Subcommittee approved the Retirement Security Advice Act (HR 2269).

Senate Passes PBOR, But?

July 2, 2001 (PLANSPONSOR.com) ? The Senate got to go home for the Fourth of July recess, having passed the amended McCain-Kennedy-Edwards patients' bill of rights by a 59-36 margin on Friday. But President Bush still has concerns, and the House will still get its chance to craft a solution.

REFORM READY? House Committee Approves Pension Reform Bill

July 14, 2000 (PLANSPONSOR.com) - The House Ways and Means Committee has approved the Comprehensive Retirement Security and Pension Reform Act. The bill, which now goes to the full House, is widely supported by employer groups and providers. But critics say it's a Robin Hood in reverse.

Supremes To Weigh In On HMO Review

July 2, 2001 (PLANSPONSOR.com) -Even as the US Senate approved a patients' bill of rights, the US Supreme Court said it plans to decide whether states may provide for an independent medical review when health plan members have been denied coverage.

Sprenger & Lang Files Expected Class Action Suit against New York Life

June 14, 2000 (PLANSPONSOR.com) - The law firm Sprenger & Lang announced Wednesday that James Mehling, a former Vice President of New York Life Insurance Company, filed a class action lawsuit against his former employer. The filing was expected after New York Life recently told the media about the law firm's threats.

House to Vote on HR 10

May 2, 2001 (PLANSPONSOR.com) - Attention will be focused on the outcome of the vote in the House of Representatives on the Portman-Cardin legislation today.

Portman-Cardin Passed by House

May 2, 2001 (PLANSPONSOR.com) - The Portman-Cardin proposed legislation sailed through the House of Representatives by a bipartisan vote of 407 to 24.

Pension Reform Sails Through House

May 2, 2001 (PLANSPONSOR.com) - Pension reform picked up where it left off last year, with overwhelming support in the House of Representatives, despite vigorous debate on the issue of cash balance conversions.

High Court Leaves Employers Whipsawed

April 2, 2001 (PLANSPONSOR.com) - The US Supreme Court has declined to hear a case regarding cash balance plans, leaving in place a verdict that could mean unexpected costs for employers.

Thriving Economy Drives Senate Efforts To Retain Older Workers

April 14, 2000 (PLANSPONSOR.com) - Increasing demand for highly skilled workers is driving efforts by Congress to keep older Americans at work. With February unemployment figures hovering at a low 4.1 percent, companies find it difficult and costly to replace experienced workers lost to retirement.

SEC Requires Fund Investments to Match Name

February 2, 2001 (PLANSPONSOR.com) - The Securities and Exchange Commission has published a final rule requiring investment firms to invest at least 80% of its assets in the type of investment implied by its name.

PWBA Publishes 2000 M-1 Form

December 13, 2000 (PLANSPONSOR.com) - The Pension and Welfare Benefits Administration has published the Year 2000 Form M-1 annual report for multiple employer welfare arrangements (MEWAs).

CIO Mayall on Defensive in Unilever Suit

November 1, 2001 (PLANSPONSOR.com) - Wendy Mayall, chief investment officer of Unilever Superannuation Fund (USF) was on the defensive, in the group's £130 million negligence suit against Merrill Lynch Investment Managers (MLIM), formerly Mercury, according to the Financial Times.