Advertisement
Legislation
In what may be their final act teaming up on retirement security legislation, the bipartisan duo of Sens. Rob Portman (R-OH) and Ben Cardin (D-MD) on May 21 reintroduced their Retirement Security and Savings Act (S. 1770).
Like the previous version introduced in the last session of Congress, the...
READ MORE
New York State’s legislature is now looking at making its existing auto-IRA program mandatory.
The state’s General Assembly on May 11 passed NY A03213A by a vote of 125-22 that would make the New York State “secure choice” auto-IRA program mandatory for private sector employers that do not offer...
READ MORE
Witnesses testifying before a Senate panel called on Congress to address the retirement savings coverage gap, racial disparities and emergency savings, as well as other key retirement security issues.
The May 13 hearing before the Senate Health, Education, Labor and Pensions (HELP) Committee, “...
READ MORE
Legislation establishing a mandatory auto-IRA retirement savings program for private sector entities in the Big Apple has now been signed into law.
New York Mayor Bill de Blasio on May 11 signed the “Retirement Security for All” legislation, establishing a retirement savings program for private...
READ MORE
The American Rescue Plan Act of 2021, enacted on March 11, is a comprehensive measure touching many sectors of the economy—including the retirement sector. A recent ASEA webcast took a look at some of the provisions of the new law that affect defined benefit plans.
Karen Smith, MSPA, President of...
READ MORE
The “SECURE Act 2.0” legislation that the House Ways & Means Committee will mark up May 5 includes several new provisions, including those championed by the ARA, as well as changes to some of the existing provisions. Here’s a closer look.
Committee Chairman Richard Neal (D-MA), along with the...
READ MORE
The bill, which builds on the SECURE Act and includes several provisions advanced by the American Retirement Association, now goes to the House floor for a vote.
The Ways & Means Committee approved the Securing a Strong Retirement Act of 2021 (H.R. 2954) on May 5 by a unanimous voice vote....
READ MORE
Tomorrow the U.S. House Ways & Means Committee will be focusing on a markup of what’s been called SECURE 2.0, legislation that includes a number of key provisions championed by the American Retirement Association.
According to Committee Chairman Richard Neal (D-MA), the Committee will begin...
READ MORE
Legislation establishing a retirement savings program for private sector entities in New York City that includes recommendations from the ARA has been sent to the mayor’s desk for his signature.
The New York City Council approved an amended bill (Int. No. 888-A) on April 29 to create a mandatory...
READ MORE
Reps. Jimmy Panetta (D-CA) and Jodey Arrington (R-TX) introduced legislation—a proposal championed by the American Retirement Association—in the U.S. House April 27 that would modernize current tax law that penalizes small businesses in community property states and disproportionately affects women...
READ MORE
A bipartisan, bicameral group of U.S. legislators has introduced legislation focused on shoring up Social Security.
The group has introduced legislation (the Time to Rescue United States’ Trusts (TRUST) Act) that would create a process “to rescue the endangered federal trust funds and rein in the...
READ MORE
While there’s no sign of anything specifically retirement-related in the materials shared thus far, the tax plan that President Joe Biden released April 28 would impose significant tax increases on high-income earners to pay for his $1.8 trillion American Families Plan.
Detailed in a fact sheet ...
READ MORE
The American Retirement Association has offered its support for newly introduced legislation that seeks to help employees save for retirement as they repay their student loans.
The Retirement Parity for Student Loans Act (S. 1443) introduced April 29 by Senate Finance Committee Chairman Ron Wyden...
READ MORE
Positioning it as a way to reward work and not wealth, President Biden has released an outline of his tax reform plan that includes a capital gains tax increase, as well as increases to high-income earners.
The tax reform plan was released this morning as part of the American Families Plan to...
READ MORE
A legislative proposal has reemerged in Congress seeking to use proceeds from a tax that would hit retirement savings to pay for making public colleges and universities tuition-free.
Sen. Bernie Sanders (I-VT), chairman of the Senate Budget Committee, and Rep. Pramila Jayapal (D-WA), on April 21...
READ MORE
Rep. Kevin Brady, the Ranking Republican member of the powerful House Ways & Means Committee, announced April 14 that he will not seek reelection in 2022.
“I have an announcement. And I can’t think of a better place to make it than right here at The Chamber I led, in the community I live, and...
READ MORE
The implementation deadline for the Land of Enchantment’s retirement plan marketplace and the state’s Work and Save IRA program has been extended to July 1, 2024.
Background
On Feb. 26, 2020, Gov. Michelle Lujan Grisham (D) signed the New Mexico Work and Save Act into law, creating the New...
READ MORE
On March 11, 2021, President Biden signed into law the American Rescue Plan Act of 2021 (ARPA) which included significant single employer defined benefit plan interest rate stabilization/funding relief.
The changes to ERISA DB funding requirements in ARPA were the culmination of a policy project...
READ MORE
The pending legislation would make Virginia the next state to offer a state-run retirement plan for workers who do not have access to a plan through their employer.
The VirginiaSaves bill was passed by the Virginia General Assembly in late February and sent to Gov. Ralph Northam (D) in March....
READ MORE
With the multiemployer relief legislation cleared from Congress’ docket, look for policymakers to turn to efforts to expand retirement plan coverage, ARA staff explained during a March 23 NAPA webcast.
Will Hansen, Chief Government Affairs Officer at the American Retirement Association, and...
READ MORE