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One provision in particular in the SECURE 2.0 Act is receiving the lion’s share of attention from retirement plan sponsors and participants. Section 110 allows student loan payments to be treated as elective deferrals for purposes of matching contributions. Yet guidance on how it will happen is... READ MORE
Employer plan sponsors and fiduciaries that are subject to the prohibited transaction rules as set forth in ERISA and the Internal Revenue Code (IRC) will want to take note of new procedures for granting administrative transaction exemptions.  The Department of Labor’s Employee Benefits Security... READ MORE
Washington—the state, not the city—is considering legislation that would establish a state-run retirement plan to cover those whose employers do not offer one.  If the legislation is enacted, the Evergreen State would join its Pacific Coast neighbors in providing such a plan. California was the... READ MORE
The Treasury Department, the Department of Labor’s Employee Benefits Security Administration (EBSA), and the Pension Benefit Guaranty Corporation (PBGC) have announced that they will issue a joint request for information (RFI) seeking public input to help them review the effectiveness of existing... READ MORE
The Pension Benefit Guaranty Corporation (PBGC) on Jan. 19 announced that it has chosen the firms that will participate in its Smaller Asset Managers Program (SAMP).  SAMP is intended to reduce barriers to competition and create opportunities for smaller asset investment management firms. SAMP... READ MORE
December’s Social Security cost-of-living adjustment (COLA) didn’t keep pace with inflation, but a new report says that Social Security beneficiaries could be riding an inflation rollercoaster this year, courtesy of 2023’s 8.7% COLA—alongside static income thresholds for taxation of benefits.... READ MORE
The government should limit contributions or accumulations in tax-advantaged retirement plans—or tax the earnings each year—to address Social Security’s shortfall, a trio of high-profile industry academics argue in a new paper. It’s the latest in a string of controversial ideas that 401(k)... READ MORE
The benefits of delaying Social Security benefits are by now generally accepted. While not appropriate for everyone, waiting to age 70 (the maximum age allowed) means a 24% increase in benefits versus claiming at age 67 (full retirement age). Add in the fact that benefits are inflation-linked and... READ MORE
Despite long being called the “third rail” of American politics, Social Security—or more precisely its viability—has reemerged as an issue in the 2024 presidential campaign. It came up most recently in a mini-GOP debate between former U.N. ambassador/South Carolina governor Nikki Haley and Florida... READ MORE
There was palpable excitement over the internet last month when the ASEA Google Group found out the 2024 ASEA Advanced Actuarial Symposium will be set in Kansas City, MO. It was like we were all experiencing Taylor Swift fever, but for an actuarial conference instead of Taylor Swift. In the... READ MORE

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