Today’s Federal Register is here.
“Avoiding Pension Plan Time Bombs”: this article by Fei Mei Chan for Forbes.com discusses the pension plan funding issues facing S&P 500 companies.
Vinod Khosla speaks out for stock option expensing in this article for SiliconValley.com: “Expensing options at big firms could boost innovation at startups.”
AccountingWeb.com reports on congressional support for the “Broad-Based Stock Option Plan Transparency Act” which was introduced in March by Rep. David Dreier (R-Calif.) and Rep. Anna Eshoo (D-Calif.): “Congress Gains Support in Stock Option Fight.”
This article by John Snow for the Business Journal–“Humana rolls out swipe card”–reports that Humana Inc., in conjunction with Evolution Benefits Inc., MasterCard International and BankFirst, is offering a combined identification card and prepaid MasterCard for accessing funds in flexible spending accounts. The new program takes advantage of a recent ruling by the Internal Revenue Service, Revenue Ruling 2003-43 (via Benefitslink), which “blesses” such programs. (The ruling was discussed in previous posts here.) The article reports Humana Inc. as stating that a 60% increase in flexible spending account enrollment occurred as a result of adopting the “swipe card” program.
The PBGC provides this Interest Rate Update.