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A component of President Trump’s retirement security Executive Order is to review the required minimum distribution (RMD) rules to see if they may be forcing Americans to make unnecessary withdrawals, leaving them with insufficient savings later in life.
In particular, the order directs the...
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Is it appropriate for traditional life insurance to be connected with retirement plans? A feature article that appeared in the Summer 2018 issue of Plan Consultant magazine offers a refresher on split-funded funds and the interaction between retirement plans and life insurance.“Delicate Interaction...
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Following a day-long and occasionally contentious markup session, on Sept. 13 the House Ways & Means Committee approved on party-line votes three tax bills as part of the Tax Reform 2.0 push – one of which focuses on retirement savings.
The Family Savings Act (H.R. 6757), which draws...
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The Pension Benefit Guaranty Corporation (PBGC) is issuing rules to implement its authority to facilitate mergers and transfers between multiemployer pension plans, the agency announced on Sept. 13. The final regulation updates the general requirements on plan mergers and transfers of plan assets...
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As consideration of Tax Reform 2.0 begins in the U.S. House of Representatives, the congressional Joint Tax Committee (JTC) has released revenue tables with estimates about the impact of the provisions on tax revenues.
The Family Savings Act — one of three bills under consideration — draws...
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Concerns about student debt and its impact on the finances and retirement savings of workers has spurred interest in student loan repayment programs.
For the past couple of years, there have been growing calls to make it easier to save for retirement while simultaneously paying off student loans....
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At #ASPPA18, discuss topics on relevant and timely hot-button industry issues in six general sessions and 87 workshops. Network with your colleagues, connect with exhibitors and earn CE credits for the 2017–2018 CE cycle!
Retirement policy has received a tremendous amount of attention since last...
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FASB has announced changes to the disclosure requirements for pension and other (OPEB) plans. Several items were removed; several were added. These changes are generally effective for 2021 (2022 for nonpublic entities), although earlier adoption is permitted. There are no changes in the methodology...
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On Sept. 22-24, 2018, the President, President-elect and Executive Director of ACOPA will attend a meeting of the North American Actuarial Council (NAAC). NAAC consists of the Presidents and Presidents-elect of the five U.S. actuarial organizations, the Canadian Institute of Actuaries (CIA) and the...
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The Nutmeg State’s state-run retirement program for private-sector workers remains on hold as the Connecticut Retirement Security Authority (CRSA) seeks an executive director to run it.
Legislation establishing the program was enacted in 2016 providing for the creation of the Connecticut...
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