A federals appeals court has ruled that an employer is under no obligation to communicate the status of its internal deliberations regarding a possible plan change.
Deferred costs for companies sponsoring traditional defined-benefit plans increased sharply in 2002, as plan funding levels declined steeply for the second year
in a row, according to a consultant.
The tax treaty recently ratified by the United States and the United Kingdom means significant relief for expatriate employees in both countries - but
particularly for U.S. participants in British “approved pension schemes,”
the U.K. equivalent of U.S. qualified retirement plans.
Much of the Sarbanes-Oxley Act, passed as a result of
the Enron debacle and other corporate scandals, applies only to employers in specific professions, such as accountants and attorneys. But a number of sections affect all employers whose stock is registered with the Securities and Exchange Commission, however large or small.
A federal appeals court has ruled that a retroactive, post-death domestic-relations order that divided a pension was a qualified domestic relations order, or QDRO.
The percentage of the U.S. workforce participating in an employment-based retirement plan rose from 37.6 percent in 1985 to 43 percent in 2001, according to new research from the Employee Benefit Research Institute (EBRI).
As this court case shows, it's vital to have good communication practices and procedures in place,
particularly when introducing compensation and benefit plan changes.
Companies will face a severe shortage of badly needed skills in this decade unless they act now to entice top-performing older employees to delay their retirements, according to a new report.
In spite of recent poor publicity, proponents of employee stock ownership plans
(ESOP) continue their unwavering belief in the idea of building their companies
through employee ownership.
