Government Affairs

Government Affairs

Government Affairs

By ASPPA Net Staff10/13/2015 • 0 Comments

W. Thomas Reeder, Jr., is the new Pension Benefit Guaranty Corporation (PBGC) Director; President Obama had sent his nomination of Reeder to the Senate on May 21, and the Senate in a voice vote confirmed him Oct. 8. READ MORE

By ASPPA Net Staff10/12/2015 • 0 Comments

The IRS and Treasury have taken steps that curb lump sum pension buyout offers by pension plans to those receiving ongoing payments; in a recent post on his “Nerd’s Eye View” blog, Michael Kitces offers his take on what these actions mean. READ MORE

By Andrew Remo10/9/2015 • 0 Comments

While many in the retirement industry are solely focused on the impending fiduciary rule, the Department of Labor is proceeding on another potentially far-reaching regulatory project at the direction of President Obama. READ MORE

By ASPPA Net Staff10/8/2015 • 0 Comments

Three former chairs of the Securities and Exchange Commission (SEC) said at a TD Ameritrade summit in Washington, D.C. on Oct. 6 that they want the agency they ran to join the effort to set a fiduciary rule. READ MORE

By ASPPA Net Staff10/8/2015 • 0 Comments

The Consumer Financial Protection Bureau and the Federal Trade Commission have taken steps to curb questionable practices concerning pension advance transactions, the Government Accountability Office (GAO) says in a report it recently issued. READ MORE

By John Ortman10/8/2015 • 0 Comments

Economist Robert Litan has responded on Forbes.com to accusations of conflicts of interest leveled the last week of September by Sen. Elizabeth Warren (D-Mass.) that cost him his position at the Brookings Institution. READ MORE

By Alisa Wolking10/6/2015 • 0 Comments

As the Department of Labor (DOL) finalizes new fiduciary regulations, members of Congress on both sides of the aisle are considering new legislation to address their concerns with DOL’s proposal. READ MORE

By ASPPA Net Staff10/6/2015 • 0 Comments

New legislation introduced in the Senate claims to shore up retirement security for women — but it’s got implications for plan design and administration. READ MORE

By ASPPA Net Staff10/5/2015 • 0 Comments

The IRS Tax Exempt & Government Entities Office has issued its priorities for fiscal year 2016; among them are plans that concern TEGE’s work with employee plans and with government entities and shared services. READ MORE

By ASPPA Net Staff10/5/2015 • 0 Comments

One of the important sources of retirement income, Social Security, is seriously misunderstood. Ellie Lowder discusses the importance of Social Security and of projecting its role in funding retirement. READ MORE

By ASPPA Net Staff10/2/2015 • 0 Comments

On Oct. 1, the American Retirement Association (ARA) submitted a comment letter in response to IRS Announcement 2015-19 in which the IRS requested comments regarding changes to the Employee Plans Determination Letter (DL) Program. READ MORE

By ASPPA Net Staff10/1/2015 • 0 Comments

Sen. Elizabeth Warren (D-Mass.) has expressed concerns about conflicts of interest in a study critical of the Labor Department’s fiduciary proposal — and that has forced the resignation of one of its authors. READ MORE

By ASPPA Net Staff10/1/2015 • 0 Comments

The House Financial Services has given a nod to a bill that would delay the Department of Labor from implementing the proposed fiduciary rule. H.R. 1090, the Retail Investor Protection Act, passed the committee in a 34-25 vote on Sept. 30. READ MORE

By ASPPA Net Staff9/30/2015 • 0 Comments

In the latest issue of Employee Plans News, the IRS provides comprehensive access to information concerning forms, correcting mistakes, plans and more that have been updated since the last issue of the newsletter.
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By ASPPA Net Staff9/28/2015 • 0 Comments

The IRS on Sept. 23 released an updated set of instructions for Form 8950, Application for Voluntary Correction Program (VCP) Under the Employee Plans Compliance Resolution System (EPRCS). READ MORE

By ASPPA Net Staff9/28/2015 • 0 Comments

In “Are You Looking at Retirement Income Alternatives? The DOL and IRS Are,” a webcast that will be held on Sept. 30, W. Waldan Lloyd will review recent guidance authorizing the use of qualified longevity annuity contracts (QLACs) and their inclusion in target date funds as well as important related issues. READ MORE

By ASPPA Net Staff9/24/2015 • 0 Comments

As the comment period window closes on the Labor Department’s fiduciary proposal, the American Retirement Association has filed a supplemental comment letter with the DOL — and another House subcommittee schedules a hearing on the subject. READ MORE

By ASPPA Net Staff9/22/2015 • 0 Comments

The period during which the Department of Labor’s Employee Benefit Security Administration (EBSA) will accept public comments on the fiduciary proposal closes on Sept. 24. READ MORE

By ASPPA Net Staff9/22/2015 • 0 Comments

Skepticism about the Department of Labor’s (DOL) proposed fiduciary rule is mounting — and not just from President Obama’s opposition. READ MORE

By ASPPA Net Staff9/21/2015 • 0 Comments

The IRS Employee Plans Compliance Unit (EPCU) has updated the information concerning its project on non-governmental 457(b) plans. READ MORE

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