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Legislation that seeks to bolster the retirement income of teachers in Rhode Island—including through participation in the federal Social Security system—is going to receive further study.
The Finance Committee of the Rhode Island House of Representatives at an April 25 hearing decided to further...
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Overall, private-sector employees are more than four times as likely to have access to a defined contribution plan than a defined benefit plan, according to the U.S. Bureau of Labor Statistics (BLS).
The BLS in “TED: The Economics Daily” reports that in its most recent National Compensation Survey...
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Editors’ Note: This is Part III of a four-part series about the importance of aligning the retirement benefits an employer offers with those employees’ interests and needs. Part I is here; Part II is here.
Increasing employees’ financial literacy figures into the effort to better align...
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Gordon Hartogensis’ term as Director of the Pension Benefit Guaranty Corporation (PBGC) will end on April 30, 2024. The PBGC made the announcement on April 24.
Hartogensis, the first PBGC Director to complete a full five-year term in that office, was nominated in May 2018 by then-President Trump...
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The Department of Labor (DOL) released the Retirement Security Rule, informally known as the fiduciary rule, to great fanfare on Tuesday—including a press conference and White House ceremony.
Now that it’s released, what changes does the final rule make to the proposed rule? Here are eight...
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Nominations are now being accepted for the 2025 ASPPA Leadership Council.
Elected at-large members of the ASPPA Leadership Council serve for one term of four calendar years. Nominees must be credentialed ASPPA members nominated by at least two members to be considered.
Submit a nomination today...
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On April 23, the Department of Labor (DOL) released its final Retirement Security Rule—also called the Fiduciary Rule—that it said will “protect the millions of workers who are saving for retirement diligently and rely on advice from trusted professionals on how to invest their savings.”
This...
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Editors’ Note: This is part II of a four-part series about the importance of aligning the retirement benefits an employer offers with those employees’ interests and needs. Part I is here.
Employers can take a variety of steps to better align their benefits with employees’ needs and interest as...
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The Department of Labor’s (DOL) guidance to permit bankruptcy trustees to use its Abandoned Plans Program has moved off of the OMB dashboard and is back with the department, signaling the review is complete on the long-awaited release.
A summary description of the proposal explains that the...
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The American Retirement Association has confirmed that the Department of Labor (DOL) will release the fiduciary rule, officially called the Retirement Security Rule, on April 23.
Acting Secretary of Labor Julie Su will announce the final regulation in a Treaty Room ceremony at 5 p.m.
It was...
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