No posts here last Friday due to Isabel and a power outage . . .
The Wall Street Journal reports on the growing power of public pension funds: “Pension Funds’ Growing Power Is Evident in Grasso Departure.”
“Pa. Court Abolishes Common-Law Marriage“: Law.com discusses this case which was reported on here at Benefitsblog in this post and at How Appealing in this post. Quote of Note:
“It is the view of many public interest law centers that common-law marriage is a long-standing practice in Pennsylvania, and the concern with elimination is the potential impact on the ability of poor individuals to obtain certain types of services and benefits based on their marriages,” said Joseph Sullivan, director of the pro bono program at Schnader Harrison Segal & Lewis and co-chair of the Philadelphia Bar Association’s delivery of legal services committee. “Many of us are also concerned that certain individuals married under common law will not become aware of the change in the law and suffer as a result.”
Slate had this interesting article late last week: “Take Your Money and Leave: The growing war between public pension funds and private equity firms.” (Thanks to a reader for alerting me.)
“Retirement Plan Loans“: The Motley Fool discusses the pitfalls of taking out a retirement plan loan.
“Health care bill poses legal thicket“: The Sacramento Bee reports on the ERISA implications of the new California health care bill and how the controversy is expected to reach the U.S. Supreme Court. The article also reports:
Gov. Davis has not decided whether he will sign the bill, said his health care adviser, Daniel Zingale. Davis first needs to determine just how much SB 2 will cost companies and how many uninsured Californians will get coverage, Zingale said.
BenefitsNext has this as well: “Bill Requiring Health-Care Insurance Before CA’s Davis.”