SSB Upgrades Benefits Web Site

Among the new features for plan participants are:

• a combined benefit statement that consolidates information for multiple SSB-administered benefit and compensation plans, providing one snapshot of plan positions, and
• financial planning tools, including new calculators for retirement, asset allocation, education funding, stock option and wealth tax issues,

And for plan sponsors,

• online access to both plan and participant information,
• an online tool that allows the online submission and retrieval of plan, participant and company reports,
• an Internet solution that provides educational materials and contact information on employee benefits to displaced employees in times of change.

Other enhancements, specifically designed for employee stock plans, include:

• the electronic delivery of confidential account activation credentials to plan participants, 
• online vesting schedules, 
• conversion of US dollar proceeds to local currency for participants in more than 25 countries, and 
• the ability to electronically certify Internal Revenue Service forms online.