AIG Strikes a Deal With Ohio Pension Funds
July 16, 2010 (PLANSPONSOR.com) - Ohio Attorney General Richard Cordray has announced a $725 million securities class action settlement against American International Group, Inc. (AIG),...
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Financial Reform Measure Includes Compliance Provisions
July 16, 2010 (PLANSPONSOR.com) – The sweeping financial reform legislation approved by the U.S. Senate on Thursday contains a number of corporate governance provisions, including giving shareholders...
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Elderly Median Income Hits Peak in 2008
July 16, 2010 (PLANSPONSOR.com) – The median income level of the elderly population in 2008 was $18,001, the highest the U.S. Census Bureau’s Current Population Survey has...
Westminster Financial New Hire to Focus on Investment Advice
July 16, 2010 (PLANSPONSOR.com) – Westminster Financial, LLC announced that Frank Gerham, Jr., has joined the firm as Vice President of Investments.
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Participants Stick with Target-Date Funds
July 16, 2010 (PLANSPONSOR.com) - The use of target-date funds is more likely among participants who are younger, have lower account balances, and have shorter tenure at their...
MA ‘Municipal Relief’ Bill Goes to Governor
July 16, 2010 (PLANSPONSOR.com) – The Massachusetts Senate approved a measure allowing municipalities to pay their pension obligations at a slower rate and offering early retirement programs.
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Drug Spend a Significant Component of Worker’s Comp Cost
July 16, 2010 (PLANSPONSOR.com) – A new report says injured workers’ medical and pharmacy costs continued to rise, while worker’s compensation claim frequencies decreased.
Workers’ Comp Eye Injury Claim Reinstatement Upheld
July 16, 2010 (PLANSPONSOR.com) – The Ohio Supreme Court has upheld a lower court ruling that a furniture company employee was entitled to workers’ compensation benefits for total...
Fee Disclosure Is to Ultimately Help Participants Make Informed Choices
July 16, 2010 (PLANSPONSOR.com) - Fee disclosure rules are designed to “make sure everyone knows what they are paying for and how this affects plan balances,” according to...
Aon Veteran Joins CAPTRUST
July 16, 2010 (PLANSPONSOR.com) - Grant Verhaeghe, a qualified retirement plan investment specialist and 11-year veteran of AON Investment Consulting, has joined CAPTRUST Financial Advisors as Director of...
Bond Fund Flows More than Double from May to June
July 16, 2010 (PLANSPONSOR.com) - June saw flows into bond funds more than doubling from the volumes in May, to $22 billion, according to Strategic Insight (SI), an...
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Federated Investors to Acquire RidgeWorth Assets
July 16, 2010 (PLANSPONSOR.com) - SunTrust Banks, Inc. announced it has reached a definitive agreement for Federated Investors, Inc. to acquire approximately $17 billion in managed liquidity assets...
Court Finds Northwest Had Good Reason to Fire Pilot
July 16, 2010 (PLANSPONSOR.com) – Northwest Airlines Inc. did not illegally retaliate against a pilot by firing him after he was arrested for marijuana possession nine days...
Honeywell Cleared in Early Retirement Suit
July 16, 2010 (PLANSPONSOR.com) – A federal judge in Maryland has rebuffed claims by a Honeywell International pension participant that she was entitled to early retirement even though...
Congress, Labor Close Ranks on Fee Disclosure
July 15, 2010 (PLANSPONSOR.com) – Despite rumblings about potential tension between regulators and legislators on fee disclosure rules, there was a visible attempt to close...
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Employers Turning to Career Development to Prevent Job Churn
July 15, 2010 (PLANSPONSOR.com) – Most U.S. organizations are increasingly focusing on career development as a way to retain and attract talent, a new survey by Hewitt...
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Trade Group Urges Form 5500 Deadline Delay
July 15, 2010 (PLANSPONSOR.com) – A retirement services industry group has sent a letter to federal officials urging that they put off the deadline for filing the Form...
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VALIC Announces Retirement Manager Enhancements
July 15, 2010 (PLANSPONSOR.com) – VALIC has announced new enhancements to its Retirement Manager program, a vendor-neutral solution for managing multiple 403(b) or 457 plans and multiple vendors within...
PwC Brings on McGivney to HR Role
July 15, 2010 (PLANSPONSOR.com) – Stephen McGivney has joined PricewaterhouseCoopers’ Human Resource Services (HRS) practice group as a principal in the New York office.
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MSCI to Acquire Measurisk
July 15, 2010 (PLANSPONSOR.com) - MSCI Inc., a provider of investment decision support tools worldwide, has entered into a definitive agreement to acquire Measurisk.