Today is: February 18,
2010
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Welcome New
Members
To
Convert or Not...Tackling the Roth
IRA Conversion -
Webinar
Great information for you and any highly
compensated members of your team.
IWD introduces a new Unemployment
Insurance Tax Online Filing System: My Iowa UI
Iowa House held a public
hearing on Wednesday evening to
discuss HF 2420. Click here to read article.
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Speaker Preview...
Emily DeRocco
National Association of Manufacturing
Foundation
Taking Care of Your
Workforce
Wed.
June 9th 11:30-12:30 a.m.
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ABI
Day on the Hill
Worksite Wellness &
Prevention:
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To foster a favorable business, economic,
governmental and social climate within the State
of Iowa so that our citizens have the opportunity
to enjoy the highest possible quality of
life. | |
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  Legislative News
ABI
Leads Right to Work Hearing
Wednesday evening several members
of ABI's Executive Committee testified before a
packed Iowa House full of legislators in
opposition to HF
2420, which
violates Iowa's Right to Work law and
jeopardizes economic development. Special
"thank yous" to ABI Board Chair Bill Brown,
Brown Winick; Past ABI Chairs Toby Shine, Shine
Bros. and Kirk Tyler, Atlantic Coca-Cola
Bottling; ABI Treasurer Fred Buie, Keystone
Electrical Mfg., and ABI President Mike Ralston.
Continue reading>>>
REGISTER
NOW: ABI Day on the Hill March
10th
On
Wednesday, March 10th ABI will host its third
annual ABI Day on the Hill. Please click here to
register.
After
an issue update by ABI Government Relations
staff, we'll shuttle to the capitol with
meetings with key legislative leaders as well as
time to talk with your individual
legislators.
Lawmakers know business is serious when
you meet them at the Capitol. Please
join us!
Senate Passes "mixed-bag" of
Bills
On Monday, the Senate passed
SF
2193 on a vote of
28-17 which places new requirements on
businesses to provide written statement of
employment policies, wages, benefits etc., to
all employees within first week of hire. All
employees should also receive notice of
changes.
Senate Democrats are to be commended for
accepting some suggested amendments offered by
ABI including electronic transmission option. Continue
reading>>>
Subcommittee
Held on Veterans' Day
Off
The
Iowa Senate held a subcommittee Wednesday on HF
2197 requiring employers to give all
Veterans either a paid or unpaid holiday on
Veterans' Day. The
senators on the subcommittee had some concerns
about the affects the legislation would have on
manufacturing companies and requested ABI to
draft language to make the bill more amenable to
employers.
Heavy
Debate and Budget
Targets
Leaders
in the Iowa House and Senate are still aiming
for a March 31st adjournment
date.
In order to achieve the date, both
chambers must move bills off the calendar. The
House and Senate have been debating several
pieces of legislation each day, most of which
have been non-controversial. In
addition to the debate, legislators are
receiving budget targets and getting ready to
prepare a budget. The
Revenue Estimating Conference will meet on March
11th and a final budget will be
available after the REC estimates are
given. |
Defined
Benefit Pension Plan Termination
Overview
Quantitative
due diligence is required to assess funded
status on a termination basis. Several
actuarial, legal, and governmental filings are
necessary. For underfunded plans, capital can be
raised to bring the plan to full funding.
Outlined below are some of the more important
aspects to be addressed in a plan
termination.
Freeze Benefit
Accruals
This limits additional liability
which may result if the termination process does
not go as planned.
Finalize Accrued Benefit
Calculations
This entails obtaining detailed
demographic data, current document, etc.
Locate all Plan
Participants
Contact
information for each plan participant is needed.
A diligent search must be made to locate
them. Continue
reading>>>
Did you
miss the Monday Memo from ABI President Mike
Ralston? For this week's memo
click here. |
WELCOA's
7 Benchmarks of Success-Developing
Results-Oriented Wellness Programs
"Content
provided by the Wellness Council of Iowa. ABI
members receive a special membership discount to
the Wellness Council of Iowa. Contact
info@wellnessiowa.org for more
information."
1.
Capturing Senior Level
Support
The
first benchmark of a resultsoriented wellness
program is strong senior level leadership.
Indeed, it has been our experience at the
Wellness Councils of America that when the CEO
gets behind the wellness initiative things begin
to change.
2. Creating a Cohesive
Wellness Team
The second benchmark of a
results-oriented wellness program is the
creation and integration of a well-functioning
team.
3. Collecting
Data To Drive A Results-Oriented Wellness
Initiative
The third benchmark of
a resultsoriented wellness program is the
collection of data. Continue
reading>>> | |
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