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Two key members of Congress are interested in learning more about potential threats cyberattacks pose to the U.S. retirement system and what industry stakeholders are doing to address them.
In a Feb. 12 letter to the U.S. Government Accountability Office (GAO), Sen. Patty Murray (D-WA), ranking...
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The Oregon Treasury on Feb. 16 filed a notice of proposed rulemaking, including a statement of need and fiscal impact, for a rule that would amend OregonSaves to allow a presumption of employer exemption.
The proposed amendments would:
Allow OregonSaves officials to use the federal Form 5500...
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The average lifespan now is much longer than it was for previous generations. That’s good news! But that half-full glass has effects beyond the obvious. Among them: posing challenges and complications for retirement accounts and planning, which a recent analysis examines.
In “How Life Expectancy...
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“Fiduciaries that manage employer-sponsored benefits plans will likely get sued no matter what they do.” Thus begins a request from a number of retirement industry groups – including the American Retirement Association – that the U.S. Supreme Court weigh in on a controversial fiduciary case.
Said...
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Offering good news to couples on the eve of Valentine’s Day, a national survey finds that married or cohabiting retirees apparently have more financial resources to draw from and have fewer financial planning regrets, compared to their single counterparts.
Those who are married or cohabiting are...
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Retirement readiness remains a significant issue, but making a few small, smart investments like taking advantage of an employer 401(k) match can have a major impact over time, according to BlackRock’s 6th Annual Global Investor Pulse Survey.
In this year’s study, which spanned 27,000 people in 13...
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Markets moved higher heading into the New Year, but participant transfers slipped to a historic low.
According to the Alight Solutions 401(k) Index, January’s three “above-normal” trading days and one day of low trading activity marked the slowest start to the year in the more than 20-year history...
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In observance of Presidents Day on Monday, Feb. 18, the ASPPA offices will be closed. Accordingly, ASPPA Connect will not be published on Feb. 18. ASPPA Connect will reappear on Wednesday, Feb. 20.
Everyone is familiar with the pantheon of U.S. presidents, but there is more to them than that they...
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In his First Quarter 2019 Washington Update, Robert Kaplan, the American Retirement Association’s Director of Technical Education, provided an overview of the new climate on Capitol Hill as well as recent regulatory developments affecting retirement plans.
On the Hill
With the changes that took...
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Retirees’ concerns about not having enough money to last through retirement may not be as grim as they had feared before retiring, according to a new study.
In fact, more than two-thirds of retirees say they live as well or better in retirement as they did when they were working, according to the...
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