Government Affairs

Government Affairs

Government Affairs

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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By Nevin Adams2/10/2015 • 0 Comments

In a Feb. 5 letter from Senate Committee on Homeland Security and Government Affairs Chairman Ron Johnson (R-Wisc.) to Secretary of Labor Thomas Perez, the committee requests that the DOL better explain its fiduciary regulation reproposal. READ MORE

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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By Nevin Adams2/3/2015 • 0 Comments

There is something of a feeling of déjà vu in President Obama’s budget proposal, certainly regarding workplace retirement plans. READ MORE

By ASPPA Net Staff1/30/2015 • 0 Comments

The White House memo on the DOL’s proposal to redefine what constitutes a fiduciary continues to engender negative reaction. READ MORE

By Nevin Adams1/30/2015 • 0 Comments

The 114th Congress has gotten off to a quick start with retirement legislation.
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By ASPPA Net Staff1/30/2015 • 0 Comments

The U.S. Senate Health, Education, Labor and Pensions Committee on Jan. 28 announced its assignments for the committee’s three subcommittees for the 114th Congress.
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By Andrew Remo1/26/2015 • 0 Comments

New Chairman of the Senate Finance Committee Orrin Hatch (R-Utah) has staked out his plans, and the committee’s agenda, for dealing with pension reform.
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By Alisa Wolking1/20/2015 • 0 Comments

The 114th Congress has officially kicked off, and federal tax reform remains high on the agenda for this year. Senate Finance Committee Chairman Orrin Hatch (R-Utah) and Ranking Member Ron Wyden (D-Ore.) are launching tax reform working groups to develop recommendations for comprehensive federal tax reform.
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By ASPPA Net Staff1/20/2015 • 0 Comments

A year ago, President Obama touted the voluntary MyRA in his State of the Union Address — but the White House has a lot more to say about retirement this year — and it’s a lot less voluntary.
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By Andrew Remo1/16/2015 • 0 Comments

With President Obama poised to deliver his State of the Union address on Jan. 20, a powerful coalition of retirement, union and so-called consumer protection groups has again interjected itself into the debate over retirement plans.
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By Nevin Adams1/14/2015 • 0 Comments

Illinois Attorney General Lisa Madigan (D) is arguing that the Land of Lincoln has “police powers” that allow it to change a contract in extraordinary circumstances, including changes to the state’s public pensions contained in a 2013 pension overhaul.
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By Andrew Remo1/14/2015 • 0 Comments

House Budget Committee ranking member Rep. Chris Van Hollen (D-Md) unveiled a set of tax proposals Jan. 12 that are said to be designed, at least in part, to redistribute current tax breaks for the wealthy to middle-class workers.

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