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Concerned about the impact of recent guidance and proposals? Wondering how others are approaching those problems that have not been addressed by current guidance? Join fellow pension actuaries and other defined benefit plan professionals at the Sheraton Chicago Hotel and Towers Aug. 7-8 for the...
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A group of eight Republican senators, including the Chairmen of the Senate Finance Committee and the Senate Committee on Health, Education, Labor & Pensions (HELP), have expressed their concerns about the potential negative consequences for American workers if the Labor Department’s fiduciary...
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Available through April 8, 2016 Speaker: Robert J. Toth, Jr.; Law Office of Robert J. Toth, Jr. LLC Access the presentation outline here!The Holy Grail of MEPs is to provide the sort of administrative, investment and fiduciary services to small plans that are...
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The IRS announced on March 11 that it has updated the information package containing sample plan provisions concerning pre-approved 403(b) plans. The update is first since March 2013.The IRS has made changes to the language that concerns the following terms and topics: compensation contribution...
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In coming years, more than half of workers and retirees in terminated multiemployer plans will face a reduction in benefits under current Pension Benefit Guaranty Corporation (PBGC) guarantees if their plans run out of money, according to a new study.In the past, only about 20% of workers and...
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Several months ago, ASPPA members overwhelmingly voted in favor of a new name and structure for the umbrella organization of our four sister associations — the American Retirement Association. As such, the American Retirement Association steps into the role of coordinator, overall industry...
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The Pension Benefit Guaranty Corporation (PBGC) announced on March 9 that the Office of Management and Budget has approved the 2015 PBGC premium filing instructions. It also said that its electronic system for making filings, My PAA, will now accept electronic premium filings for plan years...
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The IRS has updated materials it provides to assist employers, plan administrators and TPAs in remaining in compliance with federal law and regulation concerning simplified employee pension (SEP) plans.The IRS updated the SEP Fix-It Guide to reflect cost-of-living adjustments made to compensation...
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Retirees will need an average of $2.5 million to maintain the same quality of life in retirement, according to a recent Legg Mason survey.The majority (72%) of the 458 U.S. respondents to the firm’s Legg Mason Global Investment Survey — all affluent investors (defined as having at least $200,000 in...
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Identical bills before both chambers of the Iowa legislature would end state taxation of pensions and other forms of retirement income — but only through 2020.HF 280 and SF 277 would remove from the Iowa income tax law two provisions that define income as including all forms of retirement income,...
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