Merrill Lynch introduced record keeping and administration for defined benefit plans. The system can interface with Merrill Lynch's 401(k) plan record-keeping and administrative systems to provide employers and employees with a complete picture of an individual's retirement and benefits records.
Richard N. Rose, former CIO of the San Diego County Employees' Retirement Association, San Diego, paid court costs of $50 and will complete a shoplifting ``diversion'' program in a plea agreement with the city of Scottsdale, Ariz., according to a court clerk.
If he completes the program, shoplifting charges will be dismissed, according to the agreement, the clerk said.
Mr. Rose was charged with shoplifting $900 worth of items from a Scottsdale hotel gift shop in October. He pleaded not guilty at that time.
Mr. Rose declined to comment on the plea agreement.
Central Reserve Life Insurance Co., Strongsville, Ohio, hired Conseco Capital to manage $90 million in bonds for a general insurance account, said Frank Grimone, CFO. Funding will come from another manager that was dropped.