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November 11, 2010
AboveNet Expands High Bandwidth Services Portfolio in London
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November 8, 2010
AboveNet Connects with CENX to Expand High Bandwidth Network
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September 20, 2010
AboveNet Expands to key European Markets
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June 16, 2010
AboveNet's secure fibre network connects to London's Telehouse West data centre
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June 7, 2010
AboveNet Expands Metro Portfolio with Launch of Core Wave Services
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Department of Labor issued a little known rule that allows states to set up retirement oakley radar ev path 2015 plans for private sector workers. States that do so must also require employers typically those with five or more employees that don offer their own retirement plan to offer the state based option. Gov. Pat McCrory concedes defeat in race that became referendum on transgender oakley radar ev 2016 bill Employers who provide their own retirement plan incur administrative costs as well as a fiduciary responsibility. To save money and avoid risk, most small and new businesses and even some large companies will forgo offering their own retirement plans and opt instead to offer the state based option. But a shift to state based retirement plans will be bad news for workers and taxpayers. State based plans will lack important saver protections because they are not subject to the Employee Retirement Income Security Act of 1974. According to the Department of Labor, ERISA regulations ensure plans are and maintained in a fair and financially sound manner and that have an obligation to provide promised benefits. Yet, the Department of Labor rule could shift a significant portion of Americans retirement savings into plans that are explicitly exempt from such requirements. Moreover, employers are forbidden from contributing to state based plans. Workers enrolled in these plans will lose out on the average $2,640 per year contribution employers make to each worker private retirement fund. Even if employers make up for lost retirement contributions through higher pay, that pay will be taxable whereas retirement contributions are tax free. Worse, the new rule prohibits workers from accessing or controlling their state run accounts if the state opts to set up a defined benefit plan.

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