Missouri is the latest state whose legislature has before it a measure that would establish a state-run program for employees whose employers do not offer a retirement plan. State Rep. Kip Kendrick, D-Columbia, who also serves as Minority Whip in the Missouri House of Representatives, introduced... READ MORE

Seattle workers whose employers do not offer a retirement plan will have access to one through the city if a proposal by Mayor Jenny Durkan (D) is enacted.On Oct. 10, then-Mayor Tim Burgess (D) sent legislation to the Seattle City Council to establish the Seattle Retirement Savings Plan (SRSP). The... READ MORE

Conventional wisdom is that leaving employment and drawing from retirement savings could be a recipe to eventual and inevitable penury. But a recent study begs to differ.In “Spending in Retirement…or Not?” the BlackRock Retirement Institute (BRI) and the Employee Benefit Research Institute (EBRI)... READ MORE

The IRS has expanded the relief it is providing to victims of Hurricanes Harvey, Irma and Maria and the California wildfires. It already has provided relief to victims of these natural disasters, as well as to those who suffered as a result of Hurricane Harvey and Irma.Maria and WildfiresIn... READ MORE

The Oregon Retirement Savings Board has completed a second stage of rulemaking for OregonSaves, the state-run retirement plan that is approaching full implementation. The Board filed updated rules with the Oregon Secretary of State’s Office on Oct. 24, 2017.The new round of rulemaking considered... READ MORE

There have to be changes in the law, and “it needs to be done quickly,” argued former North Dakota Senator and Chairman of the Senate Budget Committee Kent Conrad at an Oct. 11 Bipartisan Policy Center event that concerned Retirement readiness and policies affecting it, including the health of the... READ MORE

A recent Tax Court ruling provides a reminder of the importance of verifying that a repayment of a plan loan has actually been made.The ruling, Louelia Salomon Frias v. Commissioner, TC Memo 2017-139, demonstrates that the rules for repayment of plan loans “can be quite complicated” and that... READ MORE

Hurricanes, epic floods, wildfires… we seem to be awash in natural disasters. They pose many dangers and risks, including the threat they can pose to a retirement plan — and, ultimately, its participants and their dependents.There are steps that plans, employers, service providers and... READ MORE

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 National Association of Plan Advisors, had... READ MORE