New Training Package for Inside ESOP Fiduciaries

The NCEO now offers a customized live PowerPoint-based fiduciary training program. The 90-minute session is designed to help inside fiduciaries understand their roles and responsibilities as fiduciaries.

New UK Ownership Plan Proposed

The Labour Government in the United Kingdom has proposed new legislation to encourage employee ownership. It would replace the existing "Save as You Earn" plan, a highly tax-advantaged savings/stock purchase plan. The new plan would be based on a trust similar to a U.S. 401(k) plan.

New University Resource from Scotland

The Co-operative Education Trust Scotland is pleased to announce the launch of its new university resource, "Democratic Enterprise: Ethical business for the 21st century." Designed for undergraduate students, Democratic Enterprise provides an open access, introductory-level analysis of democratic

New Web Site Rates Defined Contribution Plans Versus Peers

BrightScope.com is a potentially very useful Web site that ranks defined contribution plans in most companies filing Department of Labor Form 5500 reports, although some smaller plans are not yet included. The site went online in 2009.

New York City Allocates $1.2 Million to Develop Worker Cooperatives

On June 19, New York City Council and Mayor Bill De Blasio approved a budget item that will provide $1.2 million to support training, with the goal of incubating 28 new worker cooperatives and supporting 20 existing cooperatives. The city expects the result to be 234 new jobs.

New York City Considers Support for Employee Ownership

Letitia James, the public advocate for New York City, has proposed that the city both provide education for business owners about employee ownership and facilitate financing for employee ownership transactions.

New York City Council Considers Support for Coop Development

A proposal before the New York City Council would allocate $1.2 million to support a Worker Cooperative Business Development Initiative. The initiative would provide financial and technical assistance to worker cooperatives and would coordinate training resources.