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Benefits—News—Federal

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Workers: We'll Take Less Money for More Benefits, Balance 
As the job market heats up, more workers are saying an offer of more money won't be enough to make them choose one employer over another, according to a recent survey.



Dire Straits Predicted for PBGC 
The Pension Benefit Guaranty Corporation, the federal agency that insures pensions, is slowly running out of money, according to an independent analysis obtained by The New York Times.



Incentive Stock Option Rules Are Finalized  
The regs assist taxpayers in complying with the law when engaged in the transfer of stock pursuant to the exercise of Incentive Stock Options. Additionally, the final regs clarify rules regarding employee stock purchase plans (ESPPs), sometimes referred to as statutory options.



SEC Chief Wants Congress on Sidelines in Stock Options Debate 
The head of the Securities and Exchange Commission is urging Congress to allow the Financial Accounting Standards Board (FASB) to decide whether companies must count the stock options they grant to employees as expenses, Reuters reports.



Healthcare Costs Knock Hiring 
After job creation slowed sharply in June and July, analysts began looking for reasons to explain why. The New York Times reports that a major reason for the slowdown is soaring healthcare costs.



Backlog in CA's Paid Family Leave Program 
As many as 7,000 workers who've applied for benefits under California's paid family leave program are learning they'll have to wait as long as 6 weeks for their checks to arrive from the state, according to the Sacramento Bee newspaper.



Average 401(k) Account Balances Grew in 2003 
The average ongoing 401(k) account grew by 29.1 percent in 2003, according to a nonprofit group that studies employee benefits.



Retirement Savings Accounts Lauded 
Following through on a proposal by President George W. Bush in his 2003 State of the Union address, legislation has been introduced into both houses of Congress creating Retirement Savings Accounts (RSAs). RSAs are meant to simplify retirement planning options by streamlining Individual Retirement Accounts (IRAs).



50 Years of Matching Gifts 
The corporation that claims to have created the first matching-gifts program for employees is marking the 50th anniversary of the employee benefit.



House Backs Expensing of Options for Only Top Execs 
The U.S. House of Representatives last week voted 312-111 in favor of requiring publicly traded companies to treat stock options granted to top executives as expenses, USA Today reports.





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