The 11th Hour for Pension Reform
The House-Senate conference committee will try to reconcile the pension reform bills before April 15, when the next round of corporate pension contributions for calendar-year plans are due. But what will happen if pension reform doesn't pass this year? Watson Wyatt Comments on the SEC's Proposed Disclosure Regulations
The Securities and Exchange Commission (SEC) recently proposed new rules for disclosing executive compensation to make compensation information easier to find, understand and compare. The new transparency should give corporate stakeholders a clearer picture of all elements of executive pay, including its rationale, practice and results. Massachusetts Mandates Health Insurance for All Residents
Massachusetts Gov. Mitt Romney signed a law April 12, 2006, that requires all residents to purchase health insurance by July 1, 2007 and provides subsidized low cost insurance for those who cannot afford it. Those that do not comply with the mandate will lose tax benefits, including the personal exemption on state income taxes. The 11th Hour for Pension Reform
The House-Senate conference committee will try to reconcile the pension reform bills before April 15, when the next round of corporate pension contributions for calendar-year plans are due. But what will happen if pension reform doesn’t pass this year? Without reform, pension law will “snap back” to pre-2002 law. Watson Wyatt Comments on the SEC’s Proposed Disclosure Regulations
The Securities and Exchange Commission (SEC) recently proposed new rules for disclosing executive compensation to make compensation information easier to find, understand and compare. Moody’s Proposes Methodology to Disclose Multiemployer Plan Underfunding on Financial Statements
To more accurately quantify the cost of participating in multiemployer pension plans, Moody’s Investors Service has proposed a methodology for estimating a contributing employer’s share of plan underfunding and reflecting it on the company’s financial statement. This information would be used for credit analysis purposes. Pension Reform Still Awaiting Action as Congress Takes Spring Break
Congress left town for a two-week spring recess April 7, 2006, without reaching agreement on a measure to overhaul pension plan laws. However, before leaving, the House of Representatives voted 248-178 to instruct a conference committee working out differences between the House and Senate versions of the reform bills to adopt the Senate’s more restrictive language concerning hybrid plans.
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