Government Affairs

Government Affairs

Government Affairs

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 Staff7/20/2015 • 0 Comments

The Department of Labor will be changing its proposed fiduciary rule regarding brokers, DOL Deputy Assistant Secretary Timothy D. Hauser said at a July 16 Washington, D.C. meeting of the Securities and Exchange Commission’s Investor Advisory Committee. READ MORE

By Nevin Adams7/14/2015 • 0 Comments

Diamonds may be forever, but apparently fiduciary liability for choosing annuities in a DC plan is not: That’s likely the most significant takeaway from Field Assistance Bulletin (FAB) 2015-02. READ MORE

By ASPPA Net Staff7/13/2015 • 0 Comments

President Obama on July 13 at the 2015 White House Conference on Aging called on the Department of Labor to “provide a clear path forward for the states to create retirement savings programs.” READ MORE

By ASPPA Net Staff7/9/2015 • 0 Comments

Reports from the Senate Finance Committee’s five bipartisan tax working groups have been published, including policy options and recommendations on savings and investment. READ MORE

By ASPPA Net Staff7/9/2015 • 0 Comments

In a recent ASPPA webcast on the Form 5500, Janice Wegesin, President of JMW Consulting, cautioned attendees that the proposed Form 5500 SUP is on the horizon — and that they need to be prepared. 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 Staff6/29/2015 • 0 Comments

The Social Security Administration has announced that it has adopted a final rule that will be effective July 15 that revises its government pension offset regulations. 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 Staff6/24/2015 • 0 Comments

The public comments the Department of Labor is receiving on its proposed fiduciary rule already are having an effect, Labor Secretary Thomas Perez said at June 23 Brookings Institution forum in Washington, D.C. READ MORE

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

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