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Labor Day, the annual national tribute to the contributions workers have made to our country, is observed in the United States on the first Monday in September. ASPPA Connect will not appear on Labor Day; to note the event, following are some facts concerning its establishment. ASPPA Connect will...
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The Oregon Treasury has unveiled a proposal to modify the Oregon State Retirement Program (ORSP).The proposal would create new rules and modify existing rules for the ORSP. Specifically, the rules: clarify the definitions in certain joint employment relationships; allow for non-payroll...
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The Labor Department says it won’t enforce a provision of the fiduciary rule’s arbitration ban.The stance, published Aug. 30 in Field Assistance Bulletin 2017-03, was first revealed in a brief filed in the U.S. Court of Appeals for the 5th Circuit in Chamber of Commerce v. Acosta, where the Labor...
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The Labor Department has made its proposed delay in the full application of the Best Interest Contract Exemption till July 1, 2019 official.Less than 48 hours after the Office of Management and Budget (OMB) completed its review of the Labor Department’s proposal to extend the transition period and...
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Less than 24 hours after the American Retirement Association requested it, the IRS has granted relief to taxpayers affected by Hurricane Harvey.
The relief provided in IRS Announcement 2017-11 matches what the American Retirement Association, parent of the ASPPA, had requested in its Aug. 29...
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Published reports say that President Trump’s top aides and congressional leaders have made “significant strides” in shaping a tax overhaul — and yes, Rothification remains on the table.Politico, citing five sources familiar with the behind-the-scenes talks, reports there is “broad consensus” on...
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There’s just a little time left to tell us what you think!A recent study reported that only a small percentage of webcast participants prefer the ones that last more than 60 minutes. While we will still offer our 100-minute ASPPA webcasts that provide two CE credits, we would like your opinion on...
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On Aug. 29, the American Retirement Association requested relief for taxpayers, plan sponsors and service providers adversely affected by Hurricane Harvey.“At this very moment, the remnants of Hurricane Harvey continue to cause significant damage along the Texas/Louisiana Gulf coasts,” write ARA’s...
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The Office of Management and Budget (OMB) has made a quick response to the Labor Department’s request for a delay in the full BIC applicability date.In an update posted on the OMB site on August 28, the concluded action is noted as “Consistent With Change.” The OMB review, which frequently takes as...
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The Connecticut Retirement Security Authority (CRSA), the body created by a state law enacted in May 2016 to implement the law establishing the state-sponsored retirement plan, has begun meeting.According to the ctpost, Connecticut State Comptroller Kevin Limbo expects the authority’s work to take...
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