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Pennsylvania companies interested in learning more about ESOPs can join a meeting hosted by the Pennsylvania Center for Employee Ownership (PCEO) on October 16 in Pittsburgh.

Representatives from the Pennsylvania Center for Employee Ownership will testify before the Pennsylvania House of Representatives Finance Committee on House Bill 1289 on June 19.

On October 6, the Pennsylvania Senate approved a resolution supporting employee ownership, noting that ESOPs provide an "effective tool for companies going through ownership transition by preserving their companies and jobs through employee ownership rather than closing or selling them to out-of-

The new automatic enrollment provisions for 401(k) plans in the Pension Protection Act allow companies to meet the 401(k) testing rules if they provide automatic enrollment (that is, employees opt out instead of opting in) that has the following features:

Supporters of pension reform are increasingly skeptical any bill will pass this year.

Despite repeated promises that an agreement would soon be reached, the conference committee considering pension reform has still been unable to find common ground.

Essentially the same version of the Comprehensive Retirement Security Act (H.R. 10) that passed the House overwhelmingly last year was reintroduced in March by its principal sponsors, Rob Portman (R-OH) and Ben Cardin (D-MD).

One of the most persistent myths about the work force is that employees don't stay with their employers the way that earlier generations did. It turns out this just isn't true.

The percentage of public and private companies with one or more of any kind of equity compensation plans that specifically offered stock options to nonexempt employees dropped slightly in 2004 compared to 2003, falling to about 13% of the 996 companies responding to the annual WorldatWork Salary

There has been a lot of buzz lately about replacing traditional stock awards with performance shares. "Performance shares" is a term of art, not a legal term. It is simply a plan that grants shares outright to an employee upon the achievement of a specified target.