The political dynamic at play between the House of Representatives and the Senate regarding the annual federal spending bills also applies to taxes, as Congress considers tax legislation that... Read More
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Legislation
BY John Iekel | 5/23/2014
A May 21 Senate Finance subcommittee hearing purported to be about strengthening Social Security morphed into a critical discussion of the merits of the defined contribution system and industry.... Read More
BY Andrew Remo | 5/22/2014
The Joint Economic Committee, a bicameral congressional committee charged with studying matters relating to the United States economy, held a hearing May 21 that examined the unique issues that women... Read More
BY John Ortman | 5/12/2014
Maryland Gov. Martin O’Malley (D) has created a task force to explore how his state can improve retirement security for private sector employees, with an eye toward recommending further action.... Read More
BY Andrew Remo | 5/9/2014
The Connecticut legislature passed legislation (scroll down to Sections 180-185, starting on page 239) May 8 that would establish a board to first study, and then implement, a public retirement plan... Read More
BY John Ortman | 4/2/2014
Proposals to create new government-run retirement plans for private sector employers are sprouting in state capitals all over the country. The focus on auto-IRA programs, starting with California’s,... Read More
BY John Ortman | 4/1/2014
Rep. Dave Camp (R-MI), chairman of the House Ways... Read More
BY John Iekel | 3/13/2014
“Senators, time is not our ally on this matter.” Oregon State Treasurer Ted Wheeler captured one of the few things that witnesses at a March 12 hearing of the Senate Banking, Housing and Urban... Read More
BY John Ortman | 3/5/2014
President Obama released his proposed FY 2015 budget March 4. The $3.901 trillion budget would raise taxes, expand existing tax credits and fund a variety of entitlement programs. The budget also... Read More
BY Andrew Remo | 2/28/2014
Testifying at a Feb. 26 Senate Finance Subcommittee hearing on retirement savings for low-income workers, Judy Miller, the Director of Retirement Policy for ASPPA and NAPA, explained how the current... Read More
BY Andrew Remo | 2/27/2014
Rep. Dave Camp (R-MI), Chairman of the House Ways and Means Committee, released his long-awaited comprehensive tax reform proposal on Feb. 26. Unfortunately, the proposal attacks the current tax... Read More
BY John Ortman | 2/27/2014
The tax reform proposal unveiled Feb. 26 by Rep. Dave Camp (R-MI), Chairman of the House Ways and Means Committee, includes numerous provisions attacking the current tax incentives for retirement... Read More
BY Andrew Remo | 2/21/2014
Following in the footsteps of California, the Maryland legislature is considering legislation that would require nearly all private businesses in the state to provide a workplace retirement savings... Read More
BY John Iekel | 2/14/2014
In remarks at a recent conference on income inequality, Sen. Ron Wyden (D-OR), the incoming Chairman of the Senate Finance Committee, may have tipped his hand on how he will treat employer-provided... Read More
BY John Ortman | 2/13/2014
It’s been just four months since we compiled NAPA Net’s list of the “Top 25 DC Power Hitters” for the cover story of NAPA Net the Magazine’s premiere issue. In that short period of time, though, four... Read More
BY John Iekel | 2/7/2014
The “USA Retirement Funds” legislation introduced Jan 30 by Sen. Tom Harkin (D-Iowa) includes a provision that would aid legislatively the Department of Labor’s regulatory effort to redefine the term... Read More
BY Andrew Remo | 2/6/2014
It was “retirement savings proposal week” on Capitol Hill last week. President Obama — via his State of the Union speech and subsequent executive action — and members of Congress who introduced bills... Read More
BY John Iekel | 1/31/2014
Employers are the key to a plan Sen. Tom Harkin (D-Iowa) unveiled Jan. 30 to dispel what he calls the “dark clouds” of retirement insecurity. Under Harkin’s “Universal, Secure and Adaptable (USA)... Read More
BY Andrew Remo | 1/29/2014
The chatter about retirement benefits leading up to President Obama’s State of the Union address was that he will direct the Treasury Department to create a new federal retirement savings vehicle... Read More
BY Fred Barstein | 1/27/2014
Action by the federal government to limit deferrals or inaction on its part to avert another government shutdown could seriously and permanently hurt the DC retirement system, ASPPA/NAPA executive... Read More
BY Andrew Remo | 1/25/2014
If it weren’t for the debt limit deadline in October 2013, the federal government could still be shut down. But the imminent possibility of debt default during the fall of 2013 (an issue which first... Read More
BY Fred Barstein | 1/17/2014
Rep. Dave Camp (R-MI), Chairman of the House Ways and Means Committee, may be pushing greater use of Roth IRAs as a way to generate more revenue without cutting limits on retirement savings, the Wall... Read More
BY Fred Barstein | 1/14/2014
Rep. George Miller (D-CA) announced Jan. 13 that he will not seek election to a 21st term in the U.S. House of Representatives. As the top Democrat on the House Education and the Workforce Committee... Read More
BY Andrew Remo | 12/19/2013
Sen. Max Baucus (D-MT), Chairman of the Senate Finance Committee, was widely reported Dec. 18 as President Obama’s choice to be the next U.S. ambassador to China. Baucus announced earlier this year... Read More
BY Andrew Remo | 12/19/2013
The Senate Finance Subcommittee on Social Security, Pensions, and Family Policy, chaired by Sen. Sherrod Brown (D-OH) and Pat Toomey (R-PA), held a wide-ranging hearing Dec. 18 that examined the... Read More
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