KY Retirement System CIO Resigns
June 29, 2010 (PLANSPONSOR.com) - The Kentucky Retirement System announced that Adam Tosh, Chief Investment Officer, will be leaving effective July 16, 2010.
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Fiduciary Breach Case Filed Too Late
June 29, 2010 (PLANSPONSOR.com) – A federal appellate court has ruled that a woman who sued over allegations of a fiduciary breach in connection with her deceased...
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Skills Gap Looming as Health Care Workers Age
June 29, 2010 (PLANSPONSOR.com) – A new report points out that as the nation prepares to provide care for the increasing proportion of older adults, health care workers...
Legislation Pending to Permit 401(k) Rollovers to Roths
June 29, 2010 (PLANSPONSOR.com) – A new Senate proposal would allow certain employees to roll over amounts from their (401)k retirement plans to a Roth savings account.
U.S. Companies Preparing for Say-on-Pay Legislation
June 29, 2010 (PLANSPONSOR.com) - Relatively few U.S. companies are well prepared to put their executive pay programs up to a say-on-pay shareholder vote, although many are taking...
CT Court Kills Workers’ Comp Suit
June 29, 2010 (PLANSPONSOR.com) – A Connecticut appellate court has ruled that a state corrections officer injured in a fight with an inmate can’t sue an independent...
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TN Bill Permits English-Only Policies in Workplaces
June 29, 2010 (PLANSPONSOR.com) – Tennessee Governor Phil Bredesen has signed a bill declaring that it is not discriminatory for employers to establish English-only policies where there are...
North Dakota Pension Fund Hires for Audit, Administrator Search
June 29, 2010 (PLANSPONSOR.com) – The North Dakota Investment Board has retained a Leawood, Kansas, search firm to find a new administrator.
Groups Ask for 403(b) Termination Distribution Clarification
June 29, 2010 (PLANSPONSOR.com) - The American Society of Pension Professionals & Actuaries (ASPPA) and the National Tax Sheltered Accounts Association (NTSAA) have requested clarifying guidance relating to...
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U.S. Cities Move Down in Cost of Living Survey
June 29, 2010 (PLANSPONSOR.com) - Luanda in Angola is the world’s most expensive city for expatriates, according to the latest Cost of Living Survey from Mercer.
Justices Stay Out of SF Health Law Controversy
June 28, 2010 (PLANSPONSOR.com) – Justices on the U.S. Supreme Court have turned away a request to review a federal appellate court ruling backing a long-disputed health...
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CUNA Mutual Offers Retirement Plan Investment Committee
June 28, 2010 (PLANSPONSOR.com) - CUNA Mutual Group, provider of financial services to credit unions, has introduced the Retirement Plan Services Investment Committee to provide enhanced due diligence...
BNY Mellon Announces Securities Lending Leadership
June 28, 2010 (PLANSPONSOR.com) - BNY Mellon Asset Servicing has appointed James Slater to the newly created role of managing director and chief operating officer for Global Securities...
BNY Mellon Appoints Leader for Employee Stock Plan Services
June 28, 2010 (PLANSPONSOR.com) - BNY Mellon Shareowner Services, the equity administration business of BNY Mellon, has announced the appointment of Julie Vander Veen as business manager and...
High Court Revives Janus Market-Timing Suit
June 28, 2010 (PLANSPONSOR.com) - The U.S. Supreme Court on Monday agreed to review a lower court ruling that revived a securities class-action lawsuit against Janus Capital Group...
Pension Plans Set to Increase Allocations to Alternative Investments
June 28, 2010 (PLANSPONSOR.com) - Investors are increasingly looking to alternative allocations as they take a more holistic approach to portfolio construction, according to the latest survey from...
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Firms Increasing Worry about Turnover as Economy Recovers
June 28, 2010 (PLANSPONSOR.com) - As the economy recovers and workforce expansion rises, concerns about engaging employees and retaining critical talent are top of mind for...
Pensions Funded Status Could Fall 10% Next Year
June 28, 2010 (PLANSPONSOR.com) - New research from Russell Investments reveals that pension plans seeking to minimize the effect of contribution requirements in 2010 will more than likely...
Lanier Law Firm Investigating BP 401(k)
June 28, 2010 (PLANSPONSOR.com) - The Lanier Law Firm is investigating possible legal claims related to a 401(k) retirement plan for U.S. employees of BP.
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Allianz Creates Behavioral Finance Think Tank
June 28, 2010 (PLANSPONSOR.com) – Allianz Global Investors has created the Allianz Global Investors Center for Behavioral Finance and hired behavioral finance expert Shlomo Benartzi of UCLA...