Retirement Plans

Protecting 401(k) and Preventing Future Enrons

If we can take anything away from the debacle that Enron was, it will be the lessons we can garner from its deception and how they can be applied to prevent future Enrons from emerging from the dung pile. Enron was definitely a wake-up call.

ERISA (Employee Retirement Income Security Act) and 401(k)

Since its inception in 1974, the Employee Retirement Income Security Act, or ERISA, is a federal law that sets and attempts to regulate minimum standards for retirement and health benefit plans in the private sector.

401(k) Plans for Small Businesses

If you own and operate a small business and think that offering 401(k) pension plans to your employees is a bit out of reach, think again. Not only are 401(k) plans powerful tools in boosting financial security for retirement, but they also are a valuable offering for businesses n this economy.

Preparing For the Early Retirement and Decommissioning Of Oyster Creek

The Oyster Creek nuclear station, located on the shores of New Jersey, is a single-unit boiling water reactor. The unit has a rated capacity of 650 MW (electric) and has been operating since 1969. In April 1997, the operator, GPU Nuclear, announced that three options were being considered for the future of the plant: early retirement in 2000, sale of the plant, and continued operation to its license life of 2009. The basis for the early shutdown option is the consideration that operation of the plant may not be economically competitive in a deregulated electric utility market. It addresses the challenges presented by the announcement of the plant's future and the planning under way to prepare for decommissioning.

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