Legislation


This is where you’ll find our coverage and commentary on legislative proposals pending in Congress, along with regulatory issues that affect actuaries and the retirement industry as a whole.


 

Legislation

Legislation

By Andrew Remo7/20/2015 • 0 Comments

Now governments of individual cities are getting into the push to create government-sponsored retirement plans to address the retirement plan coverage gap, with the largest U.S. city at the tip of the spear. READ MORE

By ASPPA Net Staff7/8/2015 • 0 Comments

Connecticut Gov. Dannell P. Malloy (D) on July 2 signed into law a measure that protects retirement plan benefits from creditors’ claims. READ MORE

By ASPPA Net Staff7/6/2015 • 0 Comments

Efforts to stop or roll back the Department of Labor’s proposed fiduciary rule will continue, according to Steve Saxon of Groom Law Group. READ MORE

By ASPPA Net Staff7/2/2015 • 0 Comments

The Defending Public Safety Employees’ Retirement Act, which President Obama signed into law on June 29, expands the exemption from the 10% penalty tax on early distributions from a government retirement plan for qualified public safety employees who are at least 50 years old. READ MORE

By ASPPA Net Staff6/26/2015 • 0 Comments

The Senate Appropriations Committee on June 25 in a 16-14 vote approved the fiscal year 2016 Labor, Health and Human Services (LHHS) funding bill, which denies funding that would enable the Department of Labor to implement the fiduciary rule. READ MORE

By ASPPA Net Staff6/25/2015 • 0 Comments

Appropriations subcommittees on Capitol Hill — in the House and now in the Senate — have taken a shot at blocking the Labor Department’s fiduciary proposal by denying funding for the measure.
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By ASPPA Net Staff6/19/2015 • 0 Comments

The PBGC on June 19 issued an interim regulation that makes it possible for multiemployer pension plans to apply for PBGC help in funding a portion of their benefit liabilities in order to remain solvent. READ MORE

By ASPPA Net Staff6/8/2015 • 0 Comments

Bipartisan legislation introduced in the U.S. House of Representatives June 4 would allow pension plan participants to be automatically opted in to electronic delivery of documents. READ MORE

By ASPPA Net Staff5/15/2015 • 0 Comments

Legislation introduced recently in the U.S. House of Representatives and the Senate would require retirement plans to include an “annuity equivalent” on participant statements. READ MORE

By ASPPA Net Staff5/11/2015 • 0 Comments

In a bid to expand availability of employee stock ownership plans in S corporations and enhance retirement savings, Sen. Ben Cardin (D-MD) on May 6 introduced legislation he hopes will accomplish both. READ MORE

By John Iekel5/8/2015 • 0 Comments

In testimony at a recent hearing held by the Rhode Island House Committee of Labor, the American Retirement Association expressed strong support for a bill that would establish a private-sector employer IRA program in the Ocean State. READ MORE

By ASPPA Net Staff4/28/2015 • 0 Comments

A new legislative proposal wouldn’t just require employers to offer a retirement plan — it would mandate employer contributions too. READ MORE

By Andrew Remo3/19/2015 • 0 Comments

Secretary of Labor Thomas Perez used his first appearances before the 114th Congress to deliver a full-throated defense of the DOL’s controversial effort to expand the fiduciary standard of care to financial service providers under the jurisdiction of the department.

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By John Iekel3/9/2015 • 0 Comments

Identical bills before both chambers of the Iowa legislature would end state taxation of pensions and other forms of retirement income — but only through 2020.

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By ASPPA Net Staff3/4/2015 • 0 Comments

Legislative phoenixes that would codify the president’s MyRA proposal and change the qualified plan loan rules have arisen in both chambers of Congress.
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By ASPPA Net Staff3/2/2015 • 0 Comments

New York City Public Advocate Letitia James on Feb. 26 introduced legislation creating a commission of experts to study the establishment of a pension fund for private sector workers in New York City.

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By ASPPA Net Staff2/20/2015 • 0 Comments

Proposed legislation in Connecticut and Rhode Island would give their respective residents breaks from state taxes imposed on their pensions.
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By Andrew Remo2/12/2015 • 0 Comments

Legislation just introduced in the Oregon State Senate brings the Beaver State a step closer to establishing a state-run retirement savings program.
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By Andrew Remo2/4/2015 • 0 Comments

President Obama’s budget blueprint for fiscal year 2016 contains proposals that would change the tax treatment of IRAs and qualified retirement plans.

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By Judy Miller2/3/2015 • 0 Comments

President Obama’s 2016 budget has been issued, and while parts could expand retirement plan coverage, others are likely to undermine those good intentions.

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