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Judy Miller

One of ACOPA’s responsibilities is to present the views of our membership to regulators and other relevant bodies. Last month I wrote about legislative proposals, and the success we (ASPPA/ACOPA, and now ARA) have had getting Congress to take our proposals seriously. Of course, getting our... READ MORE
One of ACOPA’s responsibilities is to present the views of our membership to regulators and other relevant bodies. Last month I wrote about legislative proposals, and the success we (ASPPA/ACOPA, and now ARA) have had getting Congress to take our proposals seriously. Of course, getting our... READ MORE
I am tempted to rail against PBGC premium increases (again) today, but unfortunately it does no good. When deals are cut without policy people in the room, all the educational effort in the world is not going to trump the revenue — even if it is phantom as far as availability for spending is... READ MORE
The details of a new budget deal have been released and to use the late Yogi Berra’s famous malapropism, it’s déjà vu all over again (and again). Congress has once again (and again) gone to the defined benefit pension well to pay for a budget deal, using gimmicks that further penalize responsible... READ MORE
Whether you work with multiemployer pension plans or not, it’s worth taking a little time to learn about what has been happening over the past few years. In February 2013, the National Coordinating Committee for Multiemployer Plans published “Solutions not Bailouts: A Comprehensive Plan from... READ MORE
We’ve had more than the usual amount of guidance coming out in August and September — 2016 mortality tables, final IRC §430 regulations originally proposed in 2008, and final PBGC reportable events regulations. No surprise that we did not get everything we asked for in our §430 comment letter, but... READ MORE
In late July, I had the pleasure of attending the Senate Finance Committee hearing on the nomination of Tom Reeder to the position of PBGC Executive Director. I can’t think of a better person for the job, and it appeared that both Chairman Orrin Hatch and Ranking Member Ron Wyden agreed. If he has... READ MORE
President Obama’s 2016 budget has been issued, and while parts could expand retirement plan coverage, others are likely to undermine those good intentions. No surprise, but the $3 million cap on the value of retirement benefits and the double tax on contributions for those above the 28% tax bracket... READ MORE
Lawmakers have crafted and approved a sweeping bipartisan solution to address the mammoth funding shortfalls of the multiemployer plan system — a solution that is likely to have a long-term impact on defined benefit pension plans for both single and multiemployer arrangements.The changes mean that... READ MORE
When the 113th Congress wraps up in December, it won’t have much to show for its term. Will the 114th Congress that convenes in January be any different? Will Congress use retirement savings as its own piggy bank, or can we hope for something better? Might there even be real progress in expanding... READ MORE
Recently, in the review process for determination letter applications, the IRS has taken issue with “412(d)(2)” plan amendments. Some plan sponsors have been told by IRS reviewers that the amendments were not permissible if adopted after the close of the plan year, and that a closing agreement... READ MORE
On Thursday, July 10, both the House Ways and Means (W&M) and the Senate Finance Committee (SFC) marked up bills to extend funding for the highway trust fund. Both bills include extension of the Moving Ahead for Progress in the 21st Century Act (MAP-21) interest stabilization provision to... READ MORE
The Senate Finance Committee met June 26 to consider a modified chairman’s mark of revenue raisers to pay for an extension of the highway trust fund through the end of the year. The hearing adjourned with no action, but with the stated intention of reconvening to mark up a proposal early in the... READ MORE

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