NAPA, ASPPA and NTSA submitted a joint letter Nov. 3 to the Connecticut Retirement Security Board (CRSB) in response to the board’s request for public comment in order to help the CSRB develop... Read More
Advertisement
Legislation
BY NAPA Net Staff | 11/5/2014
Now that Republicans have gained control of the U.S. Senate, what are the repercussions for plan advisors? Is tax reform a viable possibility? What will Obama administration officials do with... Read More
BY Nevin E. Adams, JD | 10/23/2014
With more and more defined benefit plan sponsors exploring — and undertaking — pension de-risking, a pair of leading U.S. senators have asked regulators to establish some guidelines to... Read More
BY NAPA Net Staff | 10/17/2014
The upcoming midterm congressional election will have important repercussions for plan advisors. What will happen if the Republicans keep the House of Representatives and take the control of the... Read More
BY NAPA Net Staff | 9/23/2014
Right on schedule, last week Oregon State Treasurer Ted Wheeler presented the recommendations of the Retirement Security Task Force to the state legislature — with an eye toward ensuring... Read More
BY NAPA Net Staff | 9/22/2014
The Urban Institute, a left-leaning think tank, has given “straight A’s” to a conservative U.S. Senator’s retirement savings legislation. The Secure Annuities for... Read More
BY Andrew Remo | 9/19/2014
Three key players in the formulation and design of the auto-IRA concept came together at a Sept. 17 policy forum in Washington, D.C. to offer perspective and an assessment of the road ahead.... Read More
BY Nevin E. Adams, JD | 9/18/2014
Much is said and written about the demise of DB plans, but a recent House subcommittee hearing was focused on ways to help sustain the programs still in place. The hearing — held Sept. 17 by... Read More
BY Nevin E. Adams, JD | 9/17/2014
Apparently the ghost of Mitt Romney’s IRA continues to haunt Capitol Hill — and, if the Chairman of the Senate Finance Committee has his way, retirement savings will be on the tax reform... Read More
BY Nevin E. Adams, JD | 9/11/2014
When it rains, it pours — in a single week we now have an announcement of a second congressional hearing on retirement plan issues. Both hearings are slated for next week. This time the... Read More
BY NAPA Net Staff | 9/10/2014
With the fall elections looming, next week the Senate Finance Committee will hold a hearing on retirement issues. Titled, “Retirement Savings 2.0: Updating Savings Policy for the Modern... Read More
BY Nevin E. Adams, JD | 8/29/2014
Pensions were not on my mind in 1974, certainly not on Labor Day of that year. While I was pondering my new college textbooks, President Gerald Ford, less than a month in that role, signed... Read More
BY Andrew Remo | 8/14/2014
The Joint Committee on Taxation (JCT), the congressional scorekeeper of tax legislation, on Aug. 5 issued its latest estimates of the increasing costs of the tax incentives for retirement... Read More
BY Fred Barstein | 8/7/2014
In a scathing and far-reaching article, The New York Times outlined the real and difficult issues that New York City faces with its five pension funds. Unlike Detroit or New Jersey, which... Read More
BY Fred Barstein | 8/1/2014
In an effort to shore up Chicago’s pension funds while avoiding property tax increases, the city is moving forward to increase taxes on cellphones and land lines by 56%. The move, which could... Read More
BY Ray Harmon | 7/31/2014
The U.S. Senate passed legislation July 29 to fund the nation’s Highway Trust Fund — legislation that does not include a pension smoothing provision. The vote tally on the $8.1 billion... Read More
BY Ray Harmon | 7/24/2014
In an opinion piece in July 22's edition of The New York Times, Gene B. Sperling, former Director of the Economic Council under the Office of White House Policy for President Obama, put on a... Read More
BY Andrew Remo | 7/22/2014
Congress is expected to wrap up its business for the summer in the next two weeks as members continue to work through an extremely limited set of issues in which the two parties can find common... Read More
BY John Iekel | 7/18/2014
Seventeen states have, or are, considering measures that would allow private-sector employers to automatically enroll employees in IRAs. None of these measures has yet resulted in a law that does,... Read More
BY John Ortman | 7/18/2014
Detroit may well be the poster child for municipal pension irresponsibility (though if there were an award for that, it would be extremely competitive). But give credit where it’s due: the... Read More
BY John Ortman | 7/17/2014
Efforts by Rep. Maxine Waters (D-Calif.) to charge advisors a special user fee to fund an increase in SEC examinations were rejected twice this week, first by the House Appropriations subcommittee... Read More
BY John Iekel | 7/15/2014
On July 9, Missouri Gov. Jay Nixon (D) signed into law a measure that makes it illegal to transfer or assign public pension benefits. The Show-Me state is the first to enact such legislation.... Read More
BY Fred Barstein | 7/1/2014
As expected, New Jersey Gov. Chris Christie vetoed a tax increase intended to increase payments to the state’s pension plan, which is expected to be underfunded by $51 billion in 2018. Facing a... Read More
BY Judy Miller | 6/26/2014
The Senate Finance Committee met June 26 to consider a modified chairman’s mark of revenue raisers to pay for an extension of the highway trust fund through the end of the year. The hearing adjourned... Read More
BY Fred Barstein | 6/17/2014
Under pressure from unions, New Jersey Democrats are expected to propose a so-called “millionaire’s tax” to fund the $900 million in pension payment cutbacks that Gov. Chris Christie (R) proposed... Read More
Recent Comments