President Bush has selected George M. Kraw of San Jose, Calif., Judith F. Mazo, of Washington, D.C., and Melody L. McDonald of San Francisco, for appointment to the Advisory Committee of the Pension Benefit Guaranty Corporation (PBGC).
The Internal Revenue Service says simplified rules for required retirement plan distributions, incorporating many suggestions made after the IRS proposed these rules in January 2001, will take effect next year.
Rather than mend the holes in the pension safety net, the first of the post-Enron pension measures to reach the floor of the U.S. House of Representatives actually opens up some fresh ones, some legal experts and pension rights advocates tell The New York Times.
AOL Time Warner Inc. has changed its retirement plan to allow employees to place company matching funds in investments other than its own shares, the Washington Post reports.
The Pension Benefit Guaranty Corporation (PBGC) reports a surplus of $7.7 billion for the year ended Sept. 30, 2001, in its insurance program for single-employer defined benefit pension plans.
The U.S. Department of Labor has published a final rule expanding the options available for employee benefit plans interested in using electronic technologies to communicate plan information.
American workers now put more money into pension and retirement savings plans sponsored by their employers than the companies themselves do, according to The New York Times.
The U. S. Department of Labor has announced two programs to make it easier for employers and plan officials to correct certain violations with employee benefit plans and voluntarily comply with the Employee Retirement Income Security Act.
A bill making its way through congressional committees would allow federal employees age 50 and older to contribute an extra $2,000 to their retirement-saving plans next year, according to GovExec.com.
