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With the recent release of the Social Security Trustees’ 2019 report, there appears to be a renewed focus on Social Security and “stabilizing” the nation’s retirement plan.
Before efforts are made to stabilize Social Security, a hard question must be addressed. As currently designed, is the system...
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While there’s some good news in the Trustees report for the nation’s retirement security system, there’s also some not-so-good news.
First, the good news. The combined asset reserves of the Old-Age and Survivors Insurance and Disability Insurance (OASI and DI) Trust Funds are projected to become...
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Timing, it is said, is everything. And the timing of an employee’s retirement, which seems to be a discrete and simple matter, actually is a more delicate dance than one may imagine for future retiree and employer alike.
In an April 30 presentation at the Plan Sponsor Council of America’s (PSCA)...
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Under questioning at a May 1 hearing on Capitol Hill, Secretary of Labor Alexander Acosta appeared to confirm that the Department of Labor will issue a new fiduciary rule.
Acosta appeared before the House Education and Labor Committee for a hearing to examine the policies and priorities of the...
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The Internal Revenue Service has announced the expansion of areas for issuing determination letters for certain retirement plans.
Revenue Procedure 2019-20, issued May 1, details two new issues for which retirement plan sponsors may now request determination letters:
Statutory Hybrid Plans –...
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Retirement plan participants spend many years — perhaps an entire career — accumulating savings to support themselves after they retire. But decumulation — actually spending it — can prove to be even harder.
In an April 30 session at the Plan Sponsor Council of America’s (PSCA) 2019 annual...
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American Retirement Association CEO Brian Graff offered his assessment of how things stand in Washington at the on April 30 opening session of the Plan Sponsor Council of America’s (PSCA) 2019 annual conference in Tampa. The PSCA is one of the organizations that comprise the ARA.
“There is very...
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Jack Towarnicky, the Plan Sponsor Council of America’s Executive Director, asserted that “the state of the retirement savings industry remains strong” at an April 30 session at the PSCA's 2019 annual conference in Tampa.
Towarnicky presented statistics showing that the number of plans,...
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Capitol Hill and statehouses, federal and state regulators, bipartisan efforts and gridlock. An expert panel discussed recent developments at the federal and state levels in an April 30 session at the Plan Sponsor Council of America’s 2019 annual conference in Tampa.
Panelists included Will Hansen...
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The U.S. Senate has confirmed Gordon Hartogensis as head of the Pension Benefit Guaranty Corporation. He will replace W. Thomas Reeder, Jr., who has served as director of the PBGC since October 2015.
The full Senate approved Hartogensis’s nomination April 30 by a vote of 72-27. After being...
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