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The House Ways & Means Committee has unveiled bipartisan retirement security legislation that it plans to consider April 2.
According to committee Chairman Richard Neal (D-MA), the committee will convene a markup that day to consider several bills, including the Setting Every Community Up for...
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New Jersey Gov. Phil Murphy (D) has signed legislation establishing a state-run retirement savings plan for private-sector employees whose employers do not offer a retirement plan.
Murphy signed the bill establishing the New Jersey Secure Choice Savings Program into law on March 28. The state...
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It’s not exactly news that staying on the job past one's normal retirement age is a growing phenomenon. Of course, that has a direct effect on the employees who decide to prolong their tenure, but it has implications for employers and plans as well. Among them is how to handle pension payments in...
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Earlier this month, we told you about a proposed new tax that could have a dramatic impact on retirement savings.
To help bring attention to this critical issue, American Retirement Association CEO Brian Graff has authored an article that has just appeared in The Hill, a popular news source for...
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To outsource or not to outsource: That is the question. Okay, that’s not what the Bard of Avon wrote. But it is the focus of a recent blog entry that outlines the advantages and disadvantages of outsourcing decisions about how a retirement plan’s funds are to be invested.
“The responsibility for a...
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What’s in a fund name? More – and less – than you might imagine.
According to a new paper by academics at Kansas State, Saint Louis University and Seton Hall, along with a researcher at the Ipsos Behavioral Science Center, when a participant searches through her plan’s menu of investment options...
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While today’s employees feel confident in their finances, the reality of their situations is not aligned with this confidence, a new report shows.
According to MetLife’s 17th annual U.S. Employee Benefit Trends Study, nearly two out of three people say they are confident in their finances, but...
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The House Ways & Means Committee will consider legislation on April 2 to expand retirement savings opportunities and reform the IRS’s administration and operating procedures, according to multiple press reports.
The outline for the legislation – the “Chairman’s mark” – could be released as...
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Sometimes whether news is good or bad depends on one’s perspective. Case in point: the Government Accountability Office (GAO) has updated its 2015 report on retirement security and savings in households headed by people approaching retirement age. The updated report contains fodder for optimists...
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Ultimately, a retirement plan exists to support the account holders and their dependents and beneficiaries. So distributions are of key importance — but that doesn’t mean that handling them is always smooth. A recent blog entry offers some ideas on how to handle difficult situations concerning that...
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