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.
The Pension Benefit Guaranty Corporation (PBGC) was not arbitrary and capricious when it concluded that Kentucky Bancshares was obliged to comply with the Pension Protection Act and ERISA when it terminated its retirement plan and trust, the 6th Circuit has ruled.
Implementation and appreciation of the value of automatic enrollment is increasingly widespread among employers. Several recent studies have found that more employers are using it, although one points out that enthusiasm about auto features is not universal.
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.
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.
Concern for — and plans for action about — retirement plans is widespread among employers. Aon Hewitt in a recent study found that employer-provided retirement plans remain central to retirement readiness, and that employers know it.
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.
The CE tracking page is currently undergoing maintenance. We appreciate your understanding.
HAVE A QUESTION?
Join our elite network of retirement-plan professionals.
Join as a Credentialed Member
Join as an Affiliate Member
4245 N. Fairfax Drive, Suite 750 | Arlington, VA 22203
P. 703.516.9300 | F. 703.516.9308
Copyright 2015 by ASPPA
The materials contained herein are intended for instruction only and are not a substitute for professional advice.