Senate HELP Committee Approves Defined Benefit Security Act
On September 8, the Senate Health, Education, Labor and Pensions (HELP) Committee approved the Defined Benefit Security Act (DBSA). IRS Releases Final Regulations on Eliminating Optional Forms of Benefits
The IRS has finalized regulations and proposed additional regulations addressing when plan
sponsors may eliminate or reduce early retirement benefits, retirement-type subsidies and
optional forms of benefit without having to grandfather the eliminated or reduced benefit. Technical Corrections Act Introduced
Senate Finance Committee chair Charles Grassley (R-Iowa), Finance Committee ranking
member Max Baucus (D-Montana), and House Ways and Means Committee chair William
Thomas (R-California) recently introduced the Tax Technical Corrections Act of 2005. Maximizing the Returns on Investments in Human Capital — Lessons From Seven Years of Global Studies
Since 1998, Watson Wyatt's Human Capital Index® (HCI) has been tracking the link between human capital management and firm performance. Defined Benefit Plans Become Significantly More Valuable
As interest rates have declined over the past five years, sponsoring defined benefit pension plans
has become increasingly expensive — as plan sponsors are well aware. Delaware Court Finds Disney Board Did Not Violate "Business Judgment" Standard in Ovitz Case
A Delaware court recently ruled that Walt Disney's officers and directors did not violate their
fiduciary duty in the hiring and firing of former President Michael Ovitz. IRS Releases 2005–2006 Guidance Priority List
The 2005–2006 Guidance Priority List is out, reflecting the IRS's regulatory intentions for the
next year. This year's list shows a modest decrease in the number of employee-benefits-related
projects, down to 45 projects from 47 in the past two years.
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