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Legislation
The newest presidential candidate for the Democratic party has outlined plans for Social Security, a “public option” 401(k), and a new (old) fiduciary rule.
Claiming that “most of the benefits of tax breaks for retirement savings go to wealthier saver,”[i] Mike Bloomberg’s “Retirement Security...
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Another state legislature is moving forward with a state-run retirement savings program for private sector employees—this time in the form of an open MEP.
Introduced by Delegates Hala Ayala (D-Prince William) and Ibraheem Samirah (D-Fairfax/Loudoun), the Virginia House of Delegates on Feb. 6...
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The American Retirement Association has outlined a number of high priority clarifications needed following passage of the SECURE Act.
In a letter dated Feb. 12, the ARA submitted to Carol Weiser, Benefits Tax Counsel at the U.S. Department of the Treasury, a list of “certain issues related to...
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President Trump’s proposed budget for the next fiscal year includes two new premiums that would raise revenue to shore up the Pension Benefit Guaranty Corporation’s multiemployer plan program.
Released by the White House’s Office of Management and Budget on Feb. 10, the President’s budget proposal...
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Rep. Josh Gottheimer (D-NJ) announced Jan. 27 that he is introducing legislation intended to increase retirement savings by changing the tax treatment of capital gains from the sale of a principal residence.
Under Gottheimer’s Senior Housing Improvement and Retirement Accounts (IRA) Act,...
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Legislation has been introduced on Capitol Hill that would increase the Code Section 411(a) limit on cashouts due to termination of employment – for the first time in more than two decades – and index it annually for inflation.
Rep. Gregorio Kilili Camacho Sablan (D-N. Marianas, At Large) on Jan....
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A recent blog post explores an unusual aspect of required minimum distributions, arguing that they have a connection to the 1962 Cuban Missile Crisis.
What connection could there possibly be between RMDs and the most perilous confrontation between the United States and the Soviet Union? Seyfarth’s...
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In the ASPPA Webcast “The SECURE Act – What You Need to Know,” Bob Kaplan and Robert M. Richter reviewed major provisions of the SECURE Act that will affect the design and administration of retirement plans. Kaplan and Richter are the American Retirement Association’s Director of Technical...
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Just ahead of the holidays, President Trump signed into law the SECURE Act, arguably the most comprehensive retirement plan bill since the Pension Protection Act (PPA) 2006, and one that has many provisions that are effective immediately.
Find out what you need to know from two of the retirement...
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Brian Graff, CEO of the American Retirement Association, recently chatted with Money Life with Chuck Jaffe to discuss the various benefits of the SECURE Act.
Graff, who’s interviewed by Jaffe for the nearly 20-minute segment, reviews how the SECURE Act will help small businesses offer retirement...
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ASPPA is always providing information and insights that will be valuable to its members! Following is a summary of upcoming webcasts and events.
Live Webcasts
ASPPA Webcast: Loans: Correcting Taxation, Qualification and Fiduciary Failures
Wednesday, Jan. 15, 2020
2:00 - 3:40 p.m. ET
Speaker:...
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Let’s say you are a plan advisor with experience advising on cash balance, age-weighted profit-sharing, or similarly designed retirement plans – and your client’s accountant calls in April with a problem.
Your shared client (with just a 401(k) plan) had a banner year and they are getting...
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The ASPPA 4th Quarter Washington Update provided an overview of new rules with which one must comply, as well as proposed regulations and rules and possible obligations of which a plan and those who serve it should be aware and mindful.
American Retirement Association Director of Technical...
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President Trump signed the Setting Every Community Up for Retirement Enhancement (SECURE) Act into law on Dec. 20.
The bill was tucked into the 1,700 page, $1.4 trillion Further Consolidated Appropriations Act, 2020 (H.R. 1865, as amended) to fund half the government for the remainder of fiscal...
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The U.S. Senate on Dec. 19 approved the catch-all spending legislation that contains the SECURE Act, clearing the measure for President Trump’s expected signature.
The Senate voted 71-23 to approve the Further Consolidated Appropriations Act, 2020 (H.R. 1865, as amended), following a Dec. 17 vote...
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The House of Representatives on Dec. 17 approved the “minibus” government funding bill that contains the bipartisan Setting Every Community Up for Retirement Enhancement (SECURE) Act, moving the bill one step closer to enactment. The bill passed by a 297-120 margin.
Contained in the Further...
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While the SECURE Act is garnering most of the attention, it’s not the only retirement-related legislation included in the spending bill now headed to the Senate.
Distributions for Qualified Disasters
In addition to the SECURE Act, Congress added special disaster-related rules for the use of...
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In a major victory for the advocacy efforts of the American Retirement Association, the most comprehensive retirement savings policy bill since the Pension Protection Act of 2006 took another big step toward becoming law yesterday.
Years in the making, the Setting Every Community Up for Retirement...
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The effective dates for the SECURE Act are right around the corner – and we’ve got experts on hand to help you sort it all out.
The SECURE Act is expected to become law this week, and the L.A. Advanced Pension & 401(k) Conference is your first opportunity to hear, first-hand, the industry’s...
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The most significant piece of retirement legislation in a decade could become a reality, after all.
Hill staff worked throughout the weekend to put the finishing touches on the nearly $1.4 trillion spending bill for FY 2020, which will likely be the last “legislative vehicle” for 2019 – and things...
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