Government Affairs

Government Affairs

Government Affairs

By ASPPA Net Staff6/22/2015 • 0 Comments

The IRS in Revenue Procedure 2015-34 has provided procedures by which multiemployer defined benefit plans that are in critical and declining status may apply for approval to suspend benefits. READ MORE

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 Nevin Adams6/18/2015 • 0 Comments

A House bill would stop the Department of Labor’s fiduciary proposal by cutting off funding to implement the measure. READ MORE

By John Iekel6/18/2015 • 0 Comments

The June 17 Health, Employment, Labor and Pensions Subcommittee hearing provided ample illustration that the debate on the Department of Labor’s fiduciary proposal is far from over. READ MORE

By ASPPA Net Staff6/16/2015 • 0 Comments

The Department of Labor will hold hearings on the fiduciary proposal Aug. 10-12, and will accept comments on the proposed rule and exceptions through July 21. READ MORE

By Nevin Adams6/16/2015 • 0 Comments

A new report by the Congressional Budget Office confirms that in the years to come the U.S Treasury will receive “significant” tax revenues from retirement plan withdrawals. READ MORE

By ASPPA Net Staff6/11/2015 • 0 Comments

ASPPA’s Government Affairs Committee has filed comments with the Office of Management and Budget to express concern about the IRS estimates of the cost burdens associated with new questions on the 2015 Form 5500 series, including the new Form 5500-SUP. 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 John Iekel6/5/2015 • 0 Comments

The Pension Benefit Guaranty Corporation paid $5.4 billion in benefits to 842,000 retirees nationwide in 2014, it has reported; it also has broken down that data by state. READ MORE

By ASPPA Net Staff6/4/2015 • 0 Comments

Three dozen individuals and organizations submitted comments on the Department of Labor’s April 14 fiduciary proposal during the first month of the comment period. READ MORE

By ASPPA Net Staff6/4/2015 • 0 Comments

House Education and the Workforce Committee Chairman John Kline (R-Minn.) and Health, Employment, Labor and Pensions Subcommittee Chairman Phil Roe (R-Tenn.) in a June 2 letter to Labor Secretary Perez again asked for more information concerning the DOL’s fiduciary proposal. READ MORE

By ASPPA Net Staff5/29/2015 • 0 Comments

The Bipartisan Policy Center convened what at least one participant termed a “policy wonk throwdown” in the nation’s capital May 27. The subject? The Department of Labor’s fiduciary proposal. READ MORE

By ASPPA Net Staff5/29/2015 • 0 Comments

The recent Department of Labor (DOL) study finding deficiencies in audits of employee benefit plans does not translate to a statement about how viable those plans are, says the American Institute of CPAs (AICPA) in a May 28 statement.
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By ASPPA Net Staff5/28/2015 • 0 Comments

A study the Department of Labor did of its audits of employee benefits plans shows that the department needs to improve the quality of those audits. READ MORE

By ASPPA Net Staff5/26/2015 • 0 Comments

Senate Finance Committee Chairman Orrin Hatch (R-Utah) and Ranking Member Ron Wyden (D-Ore.) on May 21 released an update on the committee’s bipartisan tax working groups.
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By ASPPA Net Staff5/26/2015 • 0 Comments

On May 20, President Obama announced his intent to nominate a number of individuals to key Administration posts, including the Pension Benefit Guaranty Corporation.
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By ASPPA Net Staff5/22/2015 • 0 Comments

Employers, plan administrators, third party administrators and others associated with multiemployer plans have received reassurance regarding the scope of the Pension Benefit Guaranty Corporation’s proposed rule on mandatory e-filing for certain multiemployer notices. READ MORE

By ASPPA Net Staff5/21/2015 • 0 Comments

ASPPA Executive Director and CEO Brian Graff opened ASPPA’s first-ever virtual conference with a discussion of “the elephant in the room” — the Department of Labor’s reproposal concerning the definition of who is a fiduciary.
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By ASPPA Net Staff5/21/2015 • 0 Comments

ASPPA’s first-ever virtual conference provided more than critical information on important issues — it also afforded an opportunity to gain the expert speakers’ insights on particular situations and matters. READ MORE

By ASPPA Net Staff5/18/2015 • 0 Comments

The Department of Labor has announced a brief extension of the comment period on its fiduciary reproposal — and has set a date for a public hearing. READ MORE

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