Technical Competence

Technical Competence covers the nuts and bolts of the 403(b) plan market, focusing on regulations at both the state and federal level, along with developments in public-employee plan management.


 

Technical Competence

Technical Competence

By John Iekel11/6/2014 • 0 Comments

We hear a lot about how well Americans are saving — or not — for their retirement. Legg Mason Global Asset Management has unveiled EZ IRA, a payroll deduction IRA program intended to provide a way to build that savings rate.
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By NTSA Net Staff10/31/2014 • 0 Comments

You have a client that has an annuity contract and has requested that it be cashed in due to a qualifying hardship. In this week’s Tech Talk, Ellie Lowder tells us whether the assets of the entire contract can be distributed. READ MORE

By NTSA Net Staff10/31/2014 • 0 Comments

According to the National Alliance for Public Charter Schools, there are 6,400 charter schools in 42 states; many NTSA members have charter schools in their target market. In this week’s MarketBeat, Ellie Lowder discusses some unusual situations that may arise in administering a 403(b) plan for a charter school.
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By John Iekel10/31/2014 • 0 Comments

Plan sponsors of 403(b)s offered by institutions of higher learning are changing them in a variety of ways, reports Cammack Retirement Group in their new report, the "Higher Education Retirement Plan Survey." READ MORE

By NTSA Net Staff10/31/2014 • 0 Comments

More than two and a half years after the city of Stockton, Calif. declared insolvency, Chief United States Bankruptcy Judge Christopher Klein on Oct. 30 confirmed the city’s proposal for exiting Chapter 9 bankruptcy.
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By NTSA Net Staff10/24/2014 • 0 Comments

IRS Notice 2014-54 clarifies the rules affecting rollover distributions consisting of both pretax and after-tax funds to more than one eligible retirement plan. In this week’s MarketBeat, Linda Segal Blinn discusses how this guidance applies to specific situations.
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By NTSA Net Staff10/24/2014 • 0 Comments

A retired teacher placed her name on a school district's substitute teacher list, but has not worked in the district this year; nonetheless, she is coded as an employee, so the district’s third party administrator declined her required minimum distribution application. But there could be consequences if she does not take the RMD — now what?
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By Nevin Adams10/24/2014 • 0 Comments

Plans interested in providing lifetime income alternatives via target-date funds that include deferred annuities got some much-needed clarity from the IRS on Oct. 24.

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By John Iekel10/23/2014 • 0 Comments

The IRS and Social Security Administration have issued their cost-of-living adjustments relevant to retirement benefits for 2015. READ MORE

By John Iekel10/22/2014 • 0 Comments

Discussion over public pensions is going on all over the United States. But two of them in Texas — involving city firemen — cast the matter in a different light: Houston and Fort Worth and their firefighter organizations are at odds over the pensions those cities provide their current and future fire and rescue personnel.

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By John Iekel10/22/2014 • 0 Comments

Education funding has figured prominently in the Michigan gubernatorial race, says Mackinac Center for Public Policy Assistant Director for Fiscal Policy James Hohman, because of the underfunding of the state school system’s retirement plan.
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By John Iekel10/21/2014 • 0 Comments

How do you build a successful practice? In the inaugural 403(b) Advisor Web Forum on Oct. 10, NTSA Executive Director Chris DeGrassi asked advisors Bruce Smith, Richard Dobson and Jerald Wozniak — all of whom are 2014 NTSA Elite Advisors — for their insights on aspects of how best to go about doing just that. READ MORE

By NTSA Net Staff10/21/2014 • 0 Comments

A statistic for 403(b) sponsors to ponder: An IRS official says that when the agency audits 403(b) plans, it discovers issues 80% of the time. And the IRS is hiring still more staff to audit 403(b) and 457(b) plans. In this week’s MarketBeat, Linda Segal Blinn discusses the five issues the IRS most often finds in such audits. READ MORE

By NTSA Net Staff10/21/2014 • 0 Comments

Can a school that is affiliated with a church use a 401(k) plan, and be a non-electing church? Or is that option only available with a 403(b)? In this week’s Tech Talk, Ellie Lowder discusses whether it is possible and how ERISA and the Internal Revenue Code apply in such a circumstance. READ MORE

By NTSA Net Staff10/21/2014 • 0 Comments

Connecticut State Comptroller Kevin Lembo (D) and State Treasurer Denise Nappier (D), who co-chair the Connecticut Retirement Security Board (CSRB) created earlier this year to come up with a plan, are looking for public comment on a market feasibility study on the feasibility of a state-sponsored retirement plan for all private sector employees. It is due to the legislature by Jan. 1, 2016.

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By John Iekel10/17/2014 • 0 Comments

Public pensions can be fair game when a city government declares bankruptcy under federal law, the federal judge overseeing Stockton, Calif.’s bankruptcy has ruled. READ MORE

By NTSA Net Staff10/17/2014 • 0 Comments

They say when you have your health, you have just about everything, and a new study seems to bear that out — and that includes being financially ready for retirement. READ MORE

By John Iekel10/17/2014 • 0 Comments

Retirement plans and health benefits are different things and serve different purposes. Nonetheless, they can intersect functionally — and retirement accounts and health savings accounts are a prime example, as a BenefitsPro report observed recently. READ MORE

By John Iekel10/14/2014 • 0 Comments

State pension plans, long beleaguered and adrift in a sea of red, may have turned a corner. A report by LifeHealthPRO says that data from Bloomberg show a slight increase in the states’ ability to meet their pension requirements. READ MORE

By John Iekel10/13/2014 • 0 Comments

A new white paper by the Conference of Consulting Actuaries’ Public Plans Community targeted to actuaries and retirement boards examines the development of actuarial funding policies and practices. READ MORE

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