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What's New - November 1997
(11/26/97) Global Action on Aging has produced a Web site for the Pension Watch project which follows worldwide developments in pensions and acts as an alert to pension policies pursued by major institutions.
(11/26/97) The following item was added to the General Accounting Office's World Wide Web site in Portable Document (PDF) format. and is now listed on the Recent Reports by Title and the new Recent Reports by Subject pages: Health Insurance: Coverage Leads to Increased Health Care Access for Children. HEHS-98-14. 27 pp. plus 2 enclosures (13 pp.) November 24, 1997.
If the title link above no longer works, click here for the GAO Index of Reports and Testimony, FY98, and search for the report by entering words or phrases from the title.
(11/25/97) A nine-page report on 401(k) plans in the November 24, 1997, issue of USA Today, cites the Employee Benefit Research Institute (EBRI) several times.
(11/25/97) William M. Mercer's Web site provides access to their newsletters covering legislative and legal developments on multinational, Australian, Canadian, and United States' HR issues.
(11/24/97) Late-breaking news items from the weekly publication Business Insurance are posted every Friday before the Monday issue date.
(11/21/97) Click here for the testimony of Federal Reserve Board Chairman Alan Greenspan before the Task Force on Social Security of the Committee on the Budget, U.S. Senate, on November 20, 1997.
(11/21/97) Click here to read a Towers Perrin press release titled, "Salary Growth Moderating Worldwide, While Stock Options, Long-Term Incentives and Benefit Costs Are Up."
(11/20/97) Click here for the latest News Online compiled weekly by the staff of Pensions & Investments.
(11/19/97) The November 17, 1997, issue of the Washington Status Report from the research staff of Hewitt Associates updates the following issues: the U.S. Congress, the PBGC maximum guaranteed benefit, 401(k) fees, and retirement savings education.
(11/17/97) The Segal Company produces several publications of interest to sponsors of Taft-Hartley plans. Click here for access to abstracts of the publications.
(11/17/97) The Social Security Administration has prepared a Web version of the "Compilation of the Social Security Laws," including the Social Security Act, as amended, and related enactments through January 1, 1997.
(11/14/97) Click here for "Fewer Money Worries" by Nancy Ten Kate in American Demographics, October 1997, about a Pew Research Center For The People & The Press survey on adults' concerns about four specific financial issues.
(11/13/97) "Does History Matter?" from the October 1997 Plan Sponsor, discusses educational software packages for defined contribution plans.
(11/13/97) The House and Senate have passed the Savings are Vital to Everyone's Retirement Act of 1997 (SAVER), which will now go to President Clinton to be signed into law. H.R. 1377 is aimed at advancing the public's knowledge and understanding of the importance of retirement savings. It would do this by: 1) providing a bipartisan national retirement savings summit hosted by the White House and congressional leaders; and 2) establishing an ongoing educational program coordinated by the Department of Labor. The summit would be held July 15, 1998 in Washington, with follow up summits scheduled for 2001 and 2005. In addition to White House and congressional participants, the summit would involve representatives of state and local governments as well as private sector institutions.
The American Savings Education Council is mentioned in the press release as the "type" of organization that could work with the Department of Labor to co-organize the national summit.
- November 9 Press Release
- Summary of the SAVER Act
- Representative Harris Fawell's Remarks
- Section by Section Analysis of SAVER
Neither ASEC nor EBRI lobby or take positions on legislative proposals; neither was involved in lobbying for passage of the SAVER Act.
(11/12/97) EBRI's latest publications are now available. The November Issue Brief, "Increased Saving but Little Planning: Results of the 1997 Retirement Confidence Survey," discusses this year's survey results with regard to American workers' retirement planning and saving behavior. November Notes features "Employment-Based Health Insurance Rises Third Year in a Row," an analysis of the latest health insurance coverage statistics based on the March 1997 Current Population Survey (CPS).
(11/11/97) The November 10, 1997, issue of the Washington Status Report from the research staff of Hewitt Associates updates the following issues: Section 125 cafeteria plans, termination of fully-funded pension plans, PBGC reporting for small employer pension plans, and California affirmative action law.
(11/11/97) "Retirement Rules Repealed and Refined"discusses various provisions of the Taxpayer Relief Act of 1997.
(11/10/97) Click here for the latest News Online compiled weekly by the staff of Pensions & Investments.
(11/10/97) Late-breaking news items from the weekly publication Business Insurance are posted every Friday before the Monday issue date.
(11/7/97) Towers Perrin provides another source for the key benefit numbers for 1998.
(11/7/97) Click here for remarks by David M. Strauss, Executive Director, Pension Benefit Guaranty Corporation, before the American Society of Pension Actuaries, Washington, D.C., November 3, 1997.
(11/6/97) The current Policy.com Issue of the Week is "Restructuring The IRS" (November 3 - 9, 1997).
(11/5/97) Click here for the latest News Online compiled weekly by the staff of Pensions & Investments.
(11/4/97) The November 3, 1997, issue of the Washington Status Report from the research staff of Hewitt Associates updates the following issues: the capital gains tax, tax incentives for higher education, and investment advice to participants.