Recent Articles From John Iekel

John Iekel

John Iekel

John Iekel

By John Iekel2/17/2015 • 0 Comments

A bill that would create a self-managed DC plan as alternative to the DB plan that currently serves Illinois public school teachers is before the Illinois House.

By John Iekel2/17/2015 • 0 Comments

The Virginia House of Delegates on Feb. 6 passed a measure that would allow school districts to establish and administer their own 403(b) plans, and also would allow voluntary and matching contributions under the Commonwealth’s DC plan to be directed to those locally adopted 403(b) plans.

By John Iekel2/4/2015 • 0 Comments

The Kentucky House of Representatives currently has legislation before it that, if enacted, would make the Bluegrass State the second to have a state-run IRA program in place.

By John Iekel2/4/2015 • 0 Comments

There is an inverse relationship between the generosity of a local government defined benefit plan and its employees’ contributions to a supplemental retirement plan, according to a study by the Center for State and Local Governmental Excellence.

By John Iekel2/3/2015 • 0 Comments

“Get to work” is essentially the message of the Florida Department of Management Services to 19 local pension plans in the Sunshine State.

By John Iekel2/2/2015 • 0 Comments

Recent discussions in disparate parts of Wisconsin illustrate well how widespread the problems concerning public pension funding and benefits are.

By John Iekel1/26/2015 • 0 Comments

State and local retirement plans will be able to cover qualifying public charter school employees without adverse consequences if regulations the IRS proposed on Jan. 23 are adopted.

By John Iekel1/13/2015 • 0 Comments

Overall, 75% of the states have passing grades regarding their public pension plans in the Urban Institute’s latest rating of public pension plans in all 50 states; still, it also draws attention to plenty of red flags.

By John Iekel1/6/2015 • 0 Comments

New Jersey Gov. Chris Christie (R) and State Senate President Steve Sweeney (D-West Deptford) agree that the state's public pension system needs to be fixed. But implementation of steps to get there is another matter.

By John Iekel1/5/2015 • 0 Comments

Illinois has become the first state to put in place a state-run retirement plan in which private-sector employees can participate. Gov. Pat Quinn (D) on Jan. 4 signed into law SB2758, the measure that creates the Illinois Secure Choice Savings Program.

By John Iekel12/30/2014 • 0 Comments

The Pennsylvania Employee Retirement Commission’s recently issued report has some good news for Pennsylvania public pension plans, but also shows that there is more work to do.

By John Iekel12/30/2014 • 0 Comments

California State Teachers’ Retirement System (CalSTRS) is in trouble, but the measure state of California enacted to restore CalSTRS to health is a bitter pill for some school districts.

By John Iekel12/30/2014 • 0 Comments

Six California superior court judges have filed suit against the state of California, State Controller John Chiang, the Judicial Council and the California Public Employees Retirement System (CalPERS) over the application of a state pension reform act to them.

By John Iekel12/29/2014 • 0 Comments

All disbursements from a retirement plan scheduled to be made at the same time are treated as a single distribution even if they are sent to multiple destinations, under a new rule that becomes mandatory as 2015 dawns.

By John Iekel12/19/2014 • 0 Comments

Pension payments for state retirees can be withheld when income taxes are insufficient to cover them. This approach, taken by New Jersey Gov. Chris Christie (R), stands as the New Jersey Senate on Dec. 18 voted not to override Christie’s veto of a bill that would have required quarterly contributions to the state’s defined benefit plan.

By John Iekel12/16/2014 • 0 Comments

It’s no secret that state pension plans are beset by obligations beyond their ability to meet. A new study by State Budget Solutions (SBS) is the latest to outline how serious the problem is, based on 2014 data.

By John Iekel12/16/2014 • 0 Comments

What does the dawn of 2015 mean for 403(b) advisors? NTSA Net asked the 2014 NTSA Elite Advisors for their insights on what advisors and those who offer and administer 403(b)s may expect next year — and how they can be ready.

By John Iekel12/15/2014 • 0 Comments

Easier to administer, not subject to an early withdrawal penalty tax, offering an opportunity for an advisor to make a living, especially in a small marketplace — what’s not to love about the 457 plan? Security Benefit execs Mark Turner and Thomas Granger discussed 457s in a Dec. 4 NTSA webcast, “457 Plans in the Public Sector: History, Evolution and Opportunities.

By John Iekel12/12/2014 • 0 Comments

The IRS has made some key reminders available in Special Edition Tax Tip 2014-24 for holders of individual retirement accounts (IRAs). Advisors, as well as and employers that facilitate employees’ establishment of IRAs, may find this information useful to share with their clients and employees.

By John Iekel12/12/2014 • 0 Comments

The IRS in Notice 2014-77 has updated the 2014 Cumulative List of Changes in Plan Qualification Requirements. The list is primarily for single-employer individually designed DC plans and single-employer individually designed defined benefit plans that are in Cycle E to use when they submit determination letter applications for plans between Feb. 1, 2015 and Jan. 31, 2016.

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