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Legislation
It may feel like almost another lifetime since the SECURE Act became law a mere four months ago, but it’s still relatively new and there is plenty of dust still settling. A recent ASPPA webcast addressed matters raised in questions concerning the new law.
In the recent webcast, “Frequently...
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A common question regarding the CARES Act distribution, loan and required minimum distribution (RMD) waiver provisions[1] is whether these provisions are optional or mandatory. In most cases, they are optional—but in the retirement world there are very few questions where a short answer will...
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Editor's Note: The House has passed the Coronavirus, Aid, Relief and Economic Security (CARES) Act (H.R. 748 as amended). Read more about that here.
The sweeping $2 trillion stimulus bill that includes retirement relief provisions supported by the American Retirement Association may move one...
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President Trump on March 27 signed into law the sweeping $2 trillion stimulus bill that includes retirement relief provisions supported by the American Retirement Association.
It wasn’t easy – or at least not as easy as it might have been – but the House of Representatives on March 27 approved the...
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It’s not over yet, but after six days of intense negotiations, about midnight on March 25, the Senate unanimously approved a sweeping $2 trillion stimulus bill, including retirement relief provisions supported by the American Retirement Association.
The Coronavirus, Aid, Relief and Economic...
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Senate leaders and the Trump Administration finally came to terms on a nearly $2 trillion coronavirus emergency relief package—but it’s not done yet.
The announcement, which came around 1:00 a.m. Wednesday, followed five days of tense, and sometimes heated, marathon talks between senators and the...
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With concerns about the impact of the coronavirus and its impact on retirement plans increasing, we expect to shortly have legislation providing some much-needed relief.
The American Retirement Association has been actively advocating for relief for plan sponsors and participants impacted by the...
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After five days of intense negotiations, the Senate was set to vote Wednesday on an unprecedented $2 trillion stimulus bill covering every aspect of the U.S. economy, including retirement relief provisions supported by the American Retirement Association.
Earlier today (March 25), the Senate...
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As the Senate squabbles over legislation designed to alleviate the impact of the coronavirus, the Speaker of the House has unveiled a version with slightly different provisions regarding retirement plans.
House Speaker Nancy Pelosi (D-CA), contending that the Senate Republicans’ bill “put...
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A revised version of the CARES Act includes additional retirement relief provisions supported by the American Retirement Association, though the negotiations aren’t over yet.
After engaging in weekend negotiations with Senate Democrats and Trump administration officials, Senate Majority Leader...
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The CARES Act includes provisions advocated by the American Retirement Association that loosen retirement plan hardship and loan rules to free up funds for individuals impacted by the Coronavirus pandemic.
Life (and legislation) has been coming at us fast in March, as the country and Congress...
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The American Retirement Association has reached out to members of Congress with proposals to help alleviate cash flow issues for small businesses with retirement plans.
The ARA, whose broad membership consists of service providers and plan sponsors, strongly supports immediate defined contribution...
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The American Retirement Association has been working with key lawmakers to include legislation that would provide tax relief to individuals and employers that suffer a sustained economic loss from the COVID-19 outbreak.
The relief would be patterned after the disaster relief that was provided in...
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California’s auto-IRA program for private sector workers has prevailed against claims that it runs afoul of ERISA’s preemption.
The suit, filed in the U.S. District Court for the Eastern District of California in 2018 by the Howard Jarvis Taxpayers Association, Jonathan Coupal and Debra Desrosiers...
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In what could become the next benefits skirmish between the states and the federal government, legislation pending before the New Jersey state legislature would create a portable benefits system for gig economy workers.
Sponsored by Sen. Troy Singleton (D-Burlington), the bill, S.B. 94, was...
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The current Democratic presidential front-runner is now going after tax breaks for deferred compensation as part of his plan to rein in “corporate America.”
Citing a new GAO report suggesting that the IRS and Labor Department should strengthen oversight of executive retirement plans, Sen....
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Another Democratic presidential candidate has a plan to tax financial transactions—and it could affect your 401(k).
Days after presidential candidate Mike Bloomberg proposed a similar tax, “Mayor Pete” Buttigieg put forward a financial transaction tax (FTT) as part of a series of proposals to...
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Three key provisions of the SECURE Act could help chip away at the nation’s retirement deficit, particularly for younger workers and those working for small employers, according to a new analysis by EBRI.
Using its Retirement Security Projection Model, which reflects the real-world behavior of...
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While regulators in Washington are just getting started on drafting guidance for the newly enacted SECURE Act, on Capitol Hill, attention is already turning to the next major retirement legislation.
In this instance, the funding crisis facing multiemployer pension plans is getting the...
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Add child care payments to the mix of items that policymakers are considering as a way to help individuals save for retirement in their DC plans.
Introduced Feb. 10 by Reps. Ann Wagner (R-MO) and Hakeem Jeffries (D-NY), the “Investing in Your Family’s Future Act” (H.R. 5837) would amend the...
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