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State Sponsored Plans

State Sponsored Plans

State Sponsored Plans

By Nevin Adams9/3/2015 • 0 Comments

The Department of Labor (DOL) is moving ahead with its effort to make it easier for states to offer retirement initiatives without running afoul of federal law, sending a proposed rule to the Office of Management and Budget (OMB) for review Sept. 1. READ MORE

By NTSA Net Staff8/27/2015 • 0 Comments

More than half the states have refreshed their cost-of-living adjustments (COLAs) to public-sector pension plans in the last six years. READ MORE

By NTSA Net Staff8/26/2015 • 0 Comments

Retirement plan participation is far from uniform in the Tar Heel State, especially when it comes to 403(b) plans, according to the National Bureau of Economic Research (NBER). READ MORE

By NTSA Net Staff8/25/2015 • 0 Comments

The Department of Labor (DOL) stands ready to assist state governments when they work to establish public retirement plans for private-sector workers, regardless of whether those plans are covered by ERISA, according to EBSA chief Phyllis Borzi. READ MORE

By NTSA Net Staff8/21/2015 • 0 Comments

Proposals to reform Pennsylvania’s pension system have come from both sides of the aisle, but neither has made much traction with the opposite side. READ MORE

By NTSA Net Staff8/11/2015 • 0 Comments

The debate over how to address the problems facing the Keystone State’s pension woes appears deadlocked, but a bill has been reintroduced in the state House of Representatives in the wake of a recent veto of pension reform legislation. READ MORE

By NTSA Net Staff7/27/2015 • 0 Comments

Taking a cue from the boss, Labor Secretary Thomas Perez has said in the DOL blog that the DOL will issue guidance to help facilitate state-based retirement plans. READ MORE

By NTSA Net Staff7/13/2015 • 0 Comments

President Obama on July 13 at the 2015 White House Conference on Aging called on the Department of Labor to “provide a clear path forward for the states to create retirement savings programs.”. READ MORE

By Ray Harmon, John Iekel7/10/2015 • 0 Comments

Pennsylvania Gov. Tom Wolf (D) on July 9 vetoed the pension reform bill, which was designed to modernize Pennsylvania’s retirement systems in order to update the funding, sustainability and practices followed by the two main state pension funds. READ MORE

By NTSA Net Staff7/9/2015 • 0 Comments

In MarketBeat, Michael Webb discusses five basic features of public university plans for those who may be unfamiliar with this important segment of the nonprofit retirement plan marketplace. READ MORE

By NTSA Net Staff7/8/2015 • 0 Comments

Despite wide divergence in their fiscal conditions, the states all share long-term challenges regarding public pension benefits, says a study by George Mason University’s Mercatus Center. READ MORE

By NTSA Net Staff7/1/2015 • 0 Comments

The U.S. Census Bureau in its quarterly survey of public pensions during the first quarter of 2015 reports that the earnings that public pension plans have realized, and their holdings, have changed little since the fourth quarter of 2014.
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By NTSA Net Staff6/29/2015 • 0 Comments

The Social Security Administration has announced that it has adopted a final rule that is effective July 15 that revises its government pension offset regulations. READ MORE

By NTSA Net Staff6/23/2015 • 0 Comments

The funded status of many public pension plans has improved, according to a recent report. But mitigating that good news is another study that suggests that lengthening lifespans will be a longer-term challenge for those plans. READ MORE

By NTSA Net Staff6/22/2015 • 0 Comments

You can add Oregon to the list of states that are poised to create a state-run retirement savings program — but there are a lot of details yet to be worked out. READ MORE

By NTSA Net Staff6/16/2015 • 0 Comments

Among the ways Massachusetts has sought to ameliorate budget challenges and the cost of paying pension benefit is encouraging early retirement of certain state employees. READ MORE

By NTSA Net Staff6/9/2015 • 0 Comments

Hurricane season has begun, and the IRS has issued a reminder about the importance of protecting tax records — and the same principle applies to protecting records relevant to retirement plans and participants. READ MORE

By NTSA Net Staff5/28/2015 • 0 Comments

Funds in 403(b)s were invested more heavily in fixed annuities than in any other kind of investment in 2014, according to the Spectrem Group, a financial analysis firm. READ MORE

By NTSA Net Staff5/26/2015 • 0 Comments

The Illinois legislature is considering a bill that would reform the public pension system in Cook County, the state’s most populous, despite the state Supreme Court's May 8 ruling upending the 2013 pension reform law. READ MORE

By NTSA Net Staff5/22/2015 • 0 Comments

Another state has stepped up to try and close the coverage gap — this time Washington State, by making it easier for small businesses to find a retirement plan provider through a new “retirement plan marketplace.” READ MORE

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