9th Circuit Says CA Law Trumps Labor Contracts
July 14, 2010 (PLANSPONSOR.com) – The 9th U.S. Circuit Court of Appeals has ruled that while workplace contracts may be subject to out-of-state law, actual workplace terms and...
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Court Buys Retail vs. Institutional Share Fee Claims
July 14, 2010 (PLANSPONSOR.com) – Even though the bulk of their claims were thrown out, 401(k) participants still won a key legal victory in a suit against...
Visteon Must Follow the Rules before Terminating Retiree Benefits
July 14, 2010 (PLANSPONSOR.com) – The 3rd U.S. Circuit Court of Appeals has reversed lower court rulings that Visteon Corp. can terminate retiree benefits during bankruptcy.
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Rich Americans Could Also Deplete Retirement Nest Egg
July 13, 2010 (PLANSPONSOR.com) – Some 64% of Americans in the two lowest pre-retirement income levels will be running short of money after 10 years in retirement, a...
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Mercer Provides Pre-Open Enrollment Checklist
July 13, 2010 (PLANSPONSOR.com) - This year’s open enrollment period will be more challenging than ever as plan sponsors make changes to meet new health care reform requirements.
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R.E. Moulton Announces Coverage Reimbursement Option
July 13, 2010 (PLANSPONSOR.com) – R. E. Moulton has announced the availability of an unlimited specific coverage reimbursement option for American United Life Insurance Company (AUL) stop loss...
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Many Employers not Focused on Employee Engagement Improvement
July 13, 2010 (PLANSPONSOR.com) – The effects on employee attitudes of recent layoffs, wage freezes, lost bonuses, and increased work demands have left many employers increasingly worried about...
CT Court Rules Third Party Payments Can Offset Future Worker’s Comp
July 13, 2010 (PLANSPONSOR.com) – The Connecticut Supreme Court has ruled that a worker’s settlement with a third-party for an injury can be used by an employer to...
Some Say Financial Planners More Important Since Financial Crisis
July 13, 2010 (PLANSPONSOR.com) - A new national opinion poll conducted for Certified Financial Planner Board of Standards finds nearly two out of three Americans (65%) are more...
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PIMCO Introduces Two Sovereign Bond Benchmarks
July 13, 2010 (PLANSPONSOR.com) - PIMCO has unveiled the PIMCO Global Advantage Government Bond Index (GLADI Government) and European Advantage Government Bond Index, two sovereign bond benchmarks designed...
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Salary Projections for 2011 Show Modest Increase
July 13, 2010 (PLANSPONSOR.com) - U.S. salary increase projections for 2011 show a modest increase, according to The Conference Board annual salary increase budgets survey report.
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Mercer Urges Employers to Use Dependent Eligibility Audits
July 13, 2010 (PLANSPONSOR.com) - In preparation for the January 1, 2011 expansion of health care coverage to children up to age 26, Mercer is urging plan sponsors...
U.S. Pension Funding Status Falls to 74% in June
July 13, 2010 (PLANSPONSOR.com) - A combination of U.S. stock market declines and lower interest rates in June resulted in the lowest-funded status for the typical U.S. corporate...
Buck Consultants Selects Executive Managing Director
July 13, 2010 (PLANSPONSOR.com) - Mike Roberts has been named executive managing director of Buck Consultants, effective immediately.
Guardian Life Expands Retirement Solutions Sales Force
July 13, 2010 (PLANSPONSOR.com) - The Guardian Life Insurance Company of America (Guardian) has expanded its Retirement Solutions national sales force with the appointment of Eric Jones as ...
Japan Bond Activity Reflects Aging Population
July 13, 2010 (PLANSPONSOR.com) - Japan’s public pension fund sold more government bonds than it bought for the first time in nine years, underscoring concern that an aging...
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Firm Produces Two Investment Education Offerings
July 13, 2010 (PLANSPONSOR.com) – Smart401k, an Overland Park, Kansas-based education provider for employer plans, has unveiled two online offerings.
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Annuities Still Dominant 403(b) Investment
July 13, 2010 (PLANSPONSOR.com) – Although the percentage of 403(b) assets invested in mutual funds increased from 2008 to 2009, annuities are still the dominant investment choice.
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Purdue Announces Recordkeeper Change
July 13, 2010 (PLANSPONSOR.com) –Purdue University has announced enhancements to its defined contribution plan and voluntary retirement savings program as the result of a recordkeeper change.
Lawyer’s Age Discrimination Case Dismissal Upheld
July 12, 2010 (PLANSPONSOR.com) – A federal appellate court has turned away arguments by a 68-year-old lawyer that a Houston software company discriminated against him because of...