ERISA Advisory Council Urges DOL to Streamline Retirement Plan Disclosures
The Advisory Council on Employee Welfare and Pension Benefit Plans (often called the “ERISA Advisory Council”) has released a report urging the Department of Labor (“DOL”) to streamline retirement plan...
View ArticleRetirement Savings as a Political Cudgel in the Debate over FTTs
Our own Richard Shea and Jack Lund recently contributed a post to the RetireSecure Blog maintained by the Pension Research Council of the Wharton School at the University of Pennsylvania. The post...
View ArticleMyRAs: Why Sophisticated Plan Sponsors Ought to Consider Them
As many of you have no doubt heard, President Obama introduced a new retirement savings vehicle, known as a myRA, in his State of the Union address. At first blush, the program appears aimed...
View ArticleIRS Allows Longevity Annuities in Retirement Plans
The IRS has published a final regulation that allows defined contribution plans to offer longevity annuities commencing as late as age 85. Although the final regulation is similar to the rule...
View ArticleERISA Advisory Council Considers Model Lump Sum Window Disclosures
The ERISA Advisory Council held a hearing last week on “Model Notices and Disclosures for Pension Risk Transfers.” The Council, which advises the Secretary of Labor on the Labor Department’s...
View ArticleBipartisan Tax Group Releases Savings & Investment Report
The bipartisan Tax Reform Working Group on Savings and Investment has submitted its report to Chairman Hatch and Ranking Member Wyden of the Senate Finance Committee. The report provides the Finance...
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