PRODUCTS -
February 17, 2012
Prudential Launches Retirement Readiness Campaign
February 17, 2012 (PLANSPONSOR.com) - To coincide with America Saves Week
2012, which begins February 19, Prudential Retirement is launching a campaign
called “How Do I Know if I’m on Track for Retirement?”
RULES/REGS -
February 17, 2012
Congress Approves Deal to Increase Federal Employee Pension Contributions
February 17, 2012 (PLANSPONSOR.com) – New federal employees will pay 2.3% more toward their government pensions under a new deal approved by Congress.
HR/BENEFITS -
February 17, 2012
Okla. Lawmakers Approve Change in Firefighters’ Pension Plan
February 17, 2012 (PLANSPONSOR.com) - A bill, HB 2320, approved by the Oklahoma House of Representatives, modifies interest rate provisions within the Oklahoma Firefighters Deferred Option Plan (DROP).
HR/BENEFITS -
February 17, 2012
Virginia State DC Plans Adopt Target-Date Funds
February 17, 2012 (PLANSPONSOR.com) - The Virginia Retirement System (VRS) will establish target-date funds for employees in its five defined contribution plans currently used by about 68,000 state and local government employees.
HR/BENEFITS -
February 17, 2012
Oregon State Workers Sue to Block Wellness Program
February 17, 2012 (PLANSPONSOR.com) - Five Oregon state workers have filed a federal class-action lawsuit claiming a newly-established employee wellness program violates their civil rights and privacy.
PRODUCTS -
February 17, 2012
ING Launches Campaign to Encourage Retirement Savings
February 17, 2012 (PLANSPONSOR.com) - To coincide with America Saves Week 2012, which takes place February 19-26, ING launched an education campaign.
RULES/REGS -
February 16, 2012
EBSA to Hold Webcast About Small Business Retirement Plan Options
February 16, 2012 (PLANSPONSOR.com) - As part of America Saves Week, the U.S. Department of Labor’s Employee Benefits Security Administration and the America Saves campaign of the Consumer Federation of America will host a free webcast for small businesses, their accountants and service providers.
PEOPLE -
February 16, 2012
Mutual of Omaha Appoints VP of 401(k) Product and Distribution
February 16, 2012 (PLANSPONSOR.com) - Mutual of Omaha appointed John Corrieri as vice president of the company’s 401(k) product and distribution.
FINANCE -
February 16, 2012
Funding Relief Helped Multi-Employer Plans Improve Zone Status
February 16, 2012 (PLANSPONSOR.com) – More than 60% of multi-employer pension plans were in the green zone for 2011, according to a Segal Company survey.
PRODUCTS -
February 16, 2012
iShares Launches Seven Fixed Income ETFs
February 16, 2012 (PLANSPONSOR.com) - BlackRock's iShares Exchange Traded Funds (ETFs) business launched seven new fixed income funds.
PEOPLE -
February 16, 2012
Pyramis Makes Leadership Changes
February 16, 2012 (PLANSPONSOR.com) - Pyramis Global Advisors, a Fidelity Investments company, hired Mike Jones as its president and CEO.
HR/BENEFITS -
February 16, 2012
Women Torn Between Financial Independence and Helping Children
February 16, 2012 (PLANSPONSOR.com) - While women across generations are willing and eager to provide financial support to their family members, they are also placing a strong emphasis on self-reliance, according to a MetLife Mature Market Institute study.
RULES/REGS -
February 16, 2012
PBGC Offers Premium Penalty Relief
February 16, 2012 (PLANSPONSOR.com) – The Pension Benefit Guaranty Corporation (PBGC) announced a limited window for covered plans that have never paid required premiums to pay past-due premiums without penalty.
RULES/REGS -
February 16, 2012
Senate and House Agree on Payroll Tax Cut for 2012
February 16, 2012 (PLANSPONSOR.com) – The U.S. Senate and House of Representatives have agreed on a plan to extend the social security payroll tax cut and expand unemployment benefits for the remainder of 2012.
RULES/REGS -
February 16, 2012
Court Finds 401(k) Loan Payoff Frees Income to Pay Creditors
February 16, 2012 (PLANSPONSOR.com) – A federal appellate court has found income that becomes available to bankrupt debtors after their 401(k) loans are fully repaid is “projected disposable income” that must be turned over to the trustee for distribution to unsecured creditors.
PEOPLE -
February 16, 2012
Great-West Appoints Michigan Sales Manager
February 16, 2012 (PLANSPONSOR.com) - Great-West Retirement Services appointed Troy Testa as regional sales director for Michigan.
HR/BENEFITS -
February 16, 2012
Survey Finds Retirement May Be a Thing of the Past
February 16, 2012 (PLANSPONSOR.com) - A survey shows 57% of workers age 60 plus said they will look for a new job after retiring from their current company.
PEOPLE -
February 16, 2012
MassMutual Appoints Two to Sales and Client Management
February 16, 2012 (PLANSPONSOR.com) - MassMutual's Retirement Services Division promoted John Budd and added Brian Mezey to its sales and client management organization.
HR/BENEFITS -
February 16, 2012
Percentage of Older Americans in Workforce Remains High
February 16, 2012 (PLANSPONSOR.com) - The percentage of older Americans (ages 55 or older) in the work force remained at its recent highs in 2011, according to a new report by the Employee Benefit Research Institute (EBRI).
HR/BENEFITS -
February 15, 2012
Increasing 403(b) Plan Participation in the K-12 Market
February 16, 2012 (PLANSPONSOR.com) – Working together to increase K-12 employee participation in 403(b) plans can produce benefits for advisers, school districts and employees alike.