The Pennsylvania Independent Fiscal Office has concluded that a bill that would change the financing of the state retirement plan for school employees would change its financing but would leave benefit provisions intact.
Defined contribution plan participants who are contemplating a rollover into an IRA are looking primarily for two things: advice and control, according to a recent study.
Oregon Treasurer Tobias Read has expressed determination to continue pursuing OregonSaves regardless of the U.S. Senate’s passage of H.J. Res. 66.
A Social Security Administration issue paper examines the similarities and differences between Social Security benefits and annuities, and the factors determining lifetime retirement income.
There is a disconnect between knowing one should be ready for retirement and actually being so. But recent research on the subject contains good news, too.
“I would encourage caution among policymakers when considering dramatic changes to retirement policy for tax policy purposes,” former Sen. Kent Conrad (D-ND) told a Senate committee on April 5.
An April 5 session of the Enrolled Actuaries meeting in Washington, D.C., cosponsored by the American Academy of Actuaries and the Conference of Consulting Actuaries, concerned the effort to address and foster employees’ financial wellness.
One of the basic rules for fiduciaries is that “there is no place to hide,” said Keith Sartain, a partner at AON Hewitt, at an April 3 session of the Enrolled Actuaries meeting in Washington, D.C.
There is a “dynamic policy-making situation just ahead,” believes Earl Pomeroy, senior counsel at Alston & Bird and a former member of the U.S. House, said at an April 3 session of the Enrolled Actuaries meeting in Washington, D.C.
Not all of the reaction to the DOL fiduciary rule has been negative; some firms have been actively applying the rule before it is fully applicable and they must do so.
Public pension plans across the country face many challenges, to put it mildly — and among them, says a recent report, are the investment return assumptions for those plans.
An unnamed financial services company is suing the Consumer Financial Protection Bureau over the CFPB’s exercise of power and the plaintiff’s contention that it is unchecked.
The DOL fiduciary rule was on track until the November election brought an administration that could delay its application or even withdraw it. But are the rule’s prospects really that dim?
The Department of Labor’s (DOL) fiduciary rule, as well as other regulations and laws that affect and govern retirement plans, were part of the discussion at the U.S. Chamber of Commerce meeting on Feb. 3.
There is now an “even greater opportunity” for tax reform, Senate Finance Committee Chairman Orrin Hatch (R-UT) told the U.S. Chamber of Commerce on Feb. 1, but he offered no specifics on what it may portend for retirement plans.
House Ways & Means Committee Chairman Kevin Brady (R-Texas) says that Congress is “seeking ideas” on how to increase saving, including retirement saving.
Recent changes to the proposed rules for the Oregon Retirement Savings Plan were fueled by comments the state Treasury received that sought more information on what employers’ responsibilities will be under the plan.
The Oregon State Treasury has updated proposed rules for the Oregon Retirement Savings Plan.
The IRS has announced that the last day of the remedial amendment period for 403(b) plans is March 31, 2020. The American Retirement Association had recommended that the IRS provide an initial three-year restatement period for employers adopting pre-approved 403(b) plans.
The victory of Trump and the success of Republicans in holding the House and Senate put the immediate future of the DOL’s fiduciary rule in some doubt; a recent analysis explores its prospects.
The National Tax-Deferred Savings Association is a non-profit professional society.
The materials contained herein are intended for instruction only and are not a substitute for professional advice.
Copyright 2017 by NTSA
American Retirement Association
4245 N. Fairfax Drive, Suite 750 | Arlington, VA 22203
P. 703.516.9300 | F. 703.516.9308