EXECUTIVE SUMMARY * The PPA '06 makes many changes that will facilitate certain plan designs and affect how plans operate. * The PPA '06 makes permanent more than three dozen EGTRRA rules affecting IRAs and retirement plans. * Several...
Now that the House passed its pension reform bill, H.R. 2830, and the Senate passed its version, S. 1783, the two bills will go to conference. They are similar in some respects but different in others. Both bills raise the premiums that companies pay to the quasi-public Pension Benefit Guaranty...
The failure of Moody's and Standard & Poor's, the two ratings giants, to predict the corporate financial disasters at Enron and WorldCom is the rationale Rep. Mike Fitzpatrick (R.-Pa.) is citing for his Credit Rating Agencies Relief Act of 2005 (H.R. 2990). The legislation was the subject of hearings in...
Earn Continuing Professional Education Credit ANNOUNCEMENT The IMA is launching a new online self-study course, Strategic Finance Online Learning Program, this month. This program is in response to the new NASBA guidelines that took effect January 1, 2004. If you are an existing subscriber and a CMA...
WHEN HE OPENED HEARINGS ON how the corporate world has adapted to the "Sarbanes-Oxley" (S-O) world, Senate Banking Committee Chairman Richard Shelby (R.-Ala.) didn't sound as if he had much sympathy for corporate financial executives who have been complaining about the negative impact on corporate decision making of such things...
EBSA seeking comment on plan auditor guidelines WASHINGTON - The Employee Benefits Security Administration is seeking public comment on whether to update guidelines intended to ensure the independence of accountants who audit employee benefit plans EBSA seeking comment on plan auditor guidelines ...
BERKELEY, Calif. - University of California officials released limited information Oct. 3 about its $80 million in private equity investments, after losing a court battle to keep from disclosing the information. The court ordered the university to re BERKELEY, Calif. - University of California officials released...
Study: more plans look at governance WASHINGTON - Many multinational companies are scrutinizing global investment policies and risk management strategies related to their retirement plans, according to a new Watson Wyatt Worldwide survey. About 78 Study: more plans look at governance ...
The $36.8 billion Virginia Retirement System expects to increase its hedge fund exposure by up to $300 million, bringing it to $750 million to $800 million by the end of the first quarter of 2004. Most of the new allocation will go to existing hedge ...
COLUMBUS, Ohio - Ohio filed lawsuits in state court against WorldCom Inc. and Enron Corp., and will withdraw from federal class-action lawsuits against the companies, announced Betty Montgomery, Ohio attorney general. Ms. Montgomery said two lawsu COLUMBUS, Ohio - Ohio filed lawsuits in...
Company stock rules to ease Some of the nation's largest corporations had begun considering loosening the restrictions on company stock in retirement plans even before the Enron scandal broke. A survey conducted last October by the Committee on Company stock...
CHARLOTTESVILLE, Va. - Some asset managers will double their staffs and pour more money into compliance efforts this year to fulfill new regulations laid out by the SEC under the Investment Advisers Act, according to a survey by CFA Institute and the CHARLOTTESVILLE, Va. - Some...
WASHINGTON - The PBGC-bailout pension bill is unlikely to come up for a vote in the U.S. House before Congress adjourns for the year, a spokeswoman for House Majority Leader Roy Blunt, (R-Mo.) confirmed. Instead, sources said they expect the House wo WASHINGTON - The PBGC-bailout...
News Advisory: WHAT: Elaine L. Chao, U.S. Secretary of Labor and Chairman of theBoard of the Pension Benefit Guaranty Corp PBGC, will address theNational Press Club luncheon Jan. 10 to announce the Administration'splan to strengthen the pension system. Secretary Chao will outline aprescription for reform of the legislative...
ST. LOUIS--BUSINESS WIRE--May 5, 1995--Trans World Airlines Inc. (AMEX:TWA) today announced the extension of its offers to exchange to holders of 10 percent senior secured notes due 1998 ($225,318,000 principal amount outstanding), 8 percent senior secured notes due 2000 ($350,242,678 principal amount outstanding), 11 percent senior secured notes due 1997...
Articles 1995-05-05
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