Government Affairs

Government Affairs

Government Affairs

By Ray Harmon, John Iekel3/19/2015 • 0 Comments

Securities and Exchange Commission Chair Mary Jo White confirmed March 17 that the commission will “implement a uniform fiduciary duty for broker-dealers and investment advisors where the standard is to act in the best interest of the investor.”
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By Nevin Adams3/18/2015 • 0 Comments

Your plan sponsor clients just got a little more breathing room on annual 401(k) plan investment notices, courtesy of the DOL.
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By ASPPA Net Staff3/17/2015 • 0 Comments

The IRS on March 16 in IR-2015-50 issued a reminder that there still is time to contribute to an IRA for 2014 and, in many cases, qualify for a tax credit or deduction.

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By Alisa Wolking3/16/2015 • 0 Comments

As the White House promotes the Department of Labor’s reproposal of the fiduciary rule, Sen. Elizabeth Warren (D-Mass.) took the opportunity March 12 to criticize “brokers on Wall Street” and reinforce the administration’s messaging on the controversial proposed regulation.

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By ASPPA Net Staff3/13/2015 • 0 Comments

Eight Republican senators have expressed their concerns about the potential negative consequences for American workers if the Labor Department’s fiduciary reproposal hasn’t changed significantly from the 2010 version.
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By John Iekel3/12/2015 • 0 Comments

The IRS announced on March 11 that for the first time in two years it has updated the information package containing sample plan provisions concerning pre-approved 403(b) plans. READ MORE

By ASPPA Net Staff3/12/2015 • 0 Comments

In coming years, more than half of workers and retirees in terminated multiemployer plans will face a reduction in benefits under current Pension Benefit Guaranty Corporation guarantees if their plans run out of money, according to a new study.
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By John Iekel3/10/2015 • 0 Comments

The Pension Benefit Guaranty Corporation announced on March 9 that the Office of Management and Budget has approved the 2015 PBGC premium filing instructions READ MORE

By ASPPA Net Staff3/9/2015 • 0 Comments

The IRS has updated materials it provides to assist employers, plan administrators and TPAs in remaining in compliance with federal law and regulation concerning simplified employee pension plans.
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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 Staff3/6/2015 • 0 Comments

The Labor Department has repeatedly claimed to be consulting with the Securities and Exchange Commission on its fiduciary reproposal — but a couple of key House Republicans would like to see some proof.
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By Craig Hoffman3/4/2015 • 0 Comments

ASPPA’s Government Affairs Committee (GAC) filed a comment letter with the IRS on March 3, 2015, requesting an extension of the June 30 deadline for submitting the master language for pre-approved defined benefit plans. READ MORE

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 Andrew Remo3/3/2015 • 0 Comments

Legislation that would require Maryland employers to adopt payroll deduction savings plans for their employees got a full bicameral at a recent hearing in the Maryland General Assembly.
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By Craig Hoffman3/3/2015 • 0 Comments

The IRS has transferred responsibility for certain technical work from its Employee Plans Division to the IRS Chief Counsel’s office; IRS Announcement 2014-34 and IRS Revenue Procedure 2015-6 formalize this change.
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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 Nevin Adams2/23/2015 • 0 Comments

The Department of Labor’s much-anticipated fiduciary reproposal has drawn intense criticism from SEC Commissioner Daniel M. Gallagher.
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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 John Iekel2/11/2015 • 0 Comments

Floridians who take loans against their retirement plans have to pay a state tax on those distributions. But the Florida House of Representatives is considering a bill that would change that.
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