Poll: Directors Limited in Board Memberships
October 23, 2006 (PLANSPONSOR.com) - Almost half of directors (47%) sit on only one public company board, while a total of 78% sit on one or two, according...
Latest News
AIG VALIC Relents on Revenue Sharing Disclosure
October 23, 2006 (PLANSPONSOR.com) - Under pressure, AIG VALIC has agreed to disclose its revenue-sharing agreements for a new 457 retirement plan offered to Los Angeles Unified School...
Full IRA Income to be Used for Tax Calculation of NY Part-year Residents
October 23, 2006 (PLANSPONSOR.com) - New York's Division of Tax Appeals has recently decided that the full amount of an individual retirement account (IRA) distribution is to be...
Ex-Union President Wins $300K in Disability Benefits
October 23, 2006 (PLANSPONSOR.com) - A union pension plan committee failed to prove that a former union president's stress-related ailments were connected to his criminal acts so it...
Physical Disability Alone not Enough to Deny Benefits
October 23, 2006 (PLANSPONSOR.com) - The 2nd US Circuit Court of Appeals ruled that an administrator of a multiemployer pension plan acted arbitrarily and capriciously when it denied...
Religious Groups Lose Appeal of Contraceptive Coverage Decision
October 23, 2006 - (PLANSPONSOR.com) - The New York Court of Appeals has ruled that a group of church-affiliated employers must provide contraceptive coverage in their prescription coverage...
PBGC Assumes Pension Plans of School Locker Manufacturer
October 23, 2006 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) has announced it has assumed responsibility for two pension plans sponsored by Republic Storage Systems Co., Inc.
Benefits |
Arbitration Panel Backs O'Connell in Employment Dispute
October 23, 2006 (PLANSPONSOR.com) - An arbitration panel last month upheld claims by former MassMutual Financial Group chief executive Robert O'Connell that he was unjustly fired last year.
CT Officials Charge Female Football Player with Benefits Fraud
October 20, 2006 (PLANSPONSOR.com) - Connecticut authorities have charged a state worker with fraudulently getting workers' compensation benefits for an on-the-job injury when actually she was able to...
Participant Time-Barred from Fiduciary Claim Against Coca-Cola
October 20, 2006 (PLANSPONSOR.com) - The US District Court for the Northern District of Georgia ruled that a former Coca-Cola Co. employee waited too long to pursue his...
Fired Employee Due Pay for Unused Vacation
October 20, 2006 (PLANSPONSOR.com) - In overturning a lower court ruling, the Minnesota Court of Appeals found that a provision in an employer's employee handbook saying workers fired...
Allstate Rehire Policy Defies ADEA
October 20, 2006 (PLANSPONSOR.com) - The US District Court for the Eastern District of Missouri ruled in a summary judgment that Allstate Insurance Company's one-year moratorium on rehiring...
Benefits |
Would You Hire Homer Simpson?
October 20, 2006 (PLANSPONSOR.com) - Better still, if he did work for you, how much would you pay Homer Simpson?
Benefits |
Half of Decline in Health Coverage Due to Lack of Employer Sponsorship
October 20, 2006 (PLANSPONSOR.com) - A newly released report from the Kaiser Commission on Medicaid and the Uninsured claims that almost half of the decline in employer-sponsored health...
Benefits |
Private Sector Workplaces Safer in 2005
October 20, 2006 (PLANSPONSOR.com) - US private-sector workplaces were a bit safer in 2005 over the year before, according to new government data.
Benefits |
Retailers Most Aggressive Benefits Cost Cutters
October 20, 2006 (PLANSPONSOR.com) - A new survey from Mercer Human Resource Consulting found retailers lead other employer types in implementing aggressive employee benefit cost controls.
Court: Missing 401(k) Beneficiary Info Doesn't Invalidate Form
October 20, 2006 (PLANSPONSOR.com) - Rejecting a lower court's finding that a 401(k) participant's beneficiary designation of his stepdaughter was not valid, a federal appellate court has sent...
Court Denies Retiree Interest on Delayed Distribution
October 20, 2006 (PLANSPONSOR.com) - The US District Court for the Northern District of Georgia has determined that a former IBM Corp. employee who delayed making a timely...
LSB Corp. Axes Defined Benefit Plan
October 19, 2006 (PLANSPONSOR.com) - Holding company LSB Corporation announced Wednesday that it would terminate its defined benefit plan in exchange for increasing its match contributions to its...
Study: Options Backdating Spread Via Director Network
October 19, 2006 (PLANSPONSOR.com) - The notion of backdating stock options was apparently spread across the corporate landscape like a virus - through contacts by a director sitting...