CalSTRS Board Puts Off Return Rate Cut
June 7, 2010 (PLANSPONSOR.com) – The California State Teachers' Retirement System (CalSTRS) has put off trimming its assumed rate of return from 8% to 7.5% - a move...
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Assurant Employee Benefits Asks Employees to Resign
June 4, 2010 (PLANSPONSOR.com) - Assurant Employee Benefits has begun a voluntary separation program in an effort to cut costs.
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Employers not Ready to Implement Retention Measures Yet
June 4, 2010 (PLANSPONSOR.com) – While 71% of employers surveyed by Workscape fear retention challenges as the economy recovers, very few anticipate those challenges to impact in 2010.
Obama Orders Benefits Extended to Same-Gender Partners
June 4, 2010 (PLANSPONSOR.com) - President Obama signed a memo June 2 extending child care, employee assistance, credit union membership and other benefits to gay and lesbian federal...
Tyson Agrees to Pay for 'Donning and Doffing'
June 4, 2010 (PLANSPONSOR.com) – Tyson Foods Inc. has agreed to pay nearly 3,000 workers at its Blountsville, Alabama, facility $500,000 in back overtime wages for, among other...
Unions Sue Baltimore for Underfunding Pension Plan
June 4, 2010 (PLANSPONSOR.com) - Baltimore's police and firefighters' unions have filed a lawsuit against the city in federal court, contending that officials "knowingly underfunded" their pension plan...
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PenChecks Unveils New Web Site
June 4, 2010 (PLANSPONSOR.com) – PenChecks, Inc.'s new Web site is designed to make it easier for retirement plan providers, plan advisers, third party administrators, and plan sponsors...
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SPARK Institute Opposes Fee Disclosure Measure
June 4, 2010 (PLANSPONSOR.com) – The SPARK Institute has expressed its opposition to the defined contribution plan fee disclosure provision in the American Jobs and Closing Tax Loopholes...
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SunTrust Adds Guaranteed Income Option to 401(k) Offering
June 4, 2010 (PLANSPONSOR.com) –SunTrust Banks has added a guaranteed lifetime income investment option, ClearCourse, to its institutional 401(k) investment platform.
SD County Cuts Assumed Rate of Return to 8%
June 4, 2010 (PLANSPONSOR.com) – San Diego County and active county employees will have to pay more into the county’s pension plan after the plan cut its annual...
Benefits |
Citi Banking Officer Fired for Being Curvy?
June 4, 2010 (PLANSPONSOR.com) – A former Citigroup business banking officer has sued the financial services giant, alleging she was fired for complaining about sexual harassment for being...
Benefits |
Walmart to Help Associates Get College Degrees
June 3, 2010 (PLANSPONSOR.com) – Employees at retail giant Walmart can get up to 45% of the credit required for a college degree based on their experience with...
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Annuity Buyers Flocking to Lifetime Income Guarantee
June 3, 2010 (PLANSPONSOR.com) – An insurance trade group reported Thursday that more than 81% of variable annuity purchasers opted for a lifetime guarantee of income in the...
Research Affiliates Announces New Hire for Institutional Biz Development
June 3, 2010 (PLANSPONSOR.com) - Research Affiliates, LLC announced that Jeff Wilson has joined the firm as a senior vice president responsible for institutional business development and client...
Hart Gets Added to ING TPA Team
June 3, 2010 (PLANSPONSOR.com) – Steven Hart has joined the Third Party Administrator (TPA) Sales and Support Strategy team for ING U.S. Retirement Services.
No Criminal Charges in Millard PBGC Probe
June 3, 2010 (PLANSPONSOR.com) – An investigation by the Inspector General of the Pension Benefit Guaranty Corporation (PBGC) into illegal procurement practices by a former director has concluded...
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Data Indicates 401(k) Plan Sponsors on the Move for New Providers
June 3, 2010 (PLANSPONSOR.com) – New data from LIMRA finds that, continuing the trend since the third quarter of 2008, the percentage of new 401(k) plans sold by...
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Vanguard Adds Fund to Target-Date Lineup
June 3, 2010 (PLANSPONSOR.com) - Vanguard is expanding its 11-fund target-date series with a new fund for investors who plan to retire and leave the work force in...
Former PBGC Director to Work on Class-Action Recovery Strategies
June 3, 2010 (PLANSPONSOR.com) - Financial Recovery Technologies (FRT), which helps institutional investors recover more from class-action settlements, has named to its advisory board Charles Millard, former director...
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Mercer Offers New Enrollment Solution to Small Employers
June 3, 2010 (PLANSPONSOR.com) - Mercer has announced a new solution that provides online benefits enrollment services for small employers, generally with fewer than 1,000 employees.