Sen. Patty Murray (D-WA) and Rep. Paul Ryan (R-WI), budget conference committee co-chairs, announced an agreement Dec. 10 to fund the federal government through the fall of 2015. The deal sets... Read More
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Legislation
BY Fred Barstein | 12/11/2013
As part of the budget deal announced Dec. 10, civilian federal workers will pay more to fund their pensions and the pensions of military personnel will increase at a lower rate. In an effort to save... Read More
BY John Ortman | 12/10/2013
It looks like the issue of tax reform is fading away, notes Brian Graff, NAPA’s Executive Director/CEO in this month’s Washington Update video. The reason has nothing to do with the retirement... Read More
BY Fred Barstein | 12/10/2013
Seven investment and consumer groups urged Congress to pass a measure introduced by Rep. Maxine Waters (D-CA) to increase advisor user fees to fund more examinations by the SEC. The groups include... Read More
BY Brian Graff | 12/2/2013
It’s now less than a year until the next mid-term congressional elections, and the protracted talk about the critical need to reform our nation's tax laws has yet to result in an actual piece of... Read More
BY Andrew Remo | 11/14/2013
The Congressional Budget Office (CBO), the official budget scorekeeper for Congress, released a paper Nov. 13 outlining various options for reducing the federal budget deficit over the next 10 years... Read More
BY John Ortman | 10/30/2013
The U.S. House of Representatives approved legislation Tuesday evening that would delay – or possibly kill – the Department of Labor’s regulatory initiative to expand the definition of a fiduciary to... Read More
BY Andrew Remo | 10/24/2013
The Maryland Joint Committee on Pensions, a panel made up of Maryland state legislators, held a briefing Oct. 23 examining the challenges facing the private employer-based retirement system. Brian... Read More
BY John Ortman | 10/17/2013
Unless you live in a cave, you already know that Congress approved a bill late last night to end the partial government shutdown and avert a default on U.S. debt by raising the debt limit, and... Read More
BY John Ortman | 10/10/2013
If Congress and the Administration fail to raise the debt ceiling, American workers’ 401(k) account balances could fall by more than 20%, according to new research from ASPPA. That would mean more... Read More
BY Andrew Remo | 9/25/2013
Congress is set to play a high stakes game of political chicken this week over federal government spending as the end of the 2013 fiscal year rapidly approaches. If a resolution of this issue is not... Read More
BY Jim Dornan | 9/20/2013
Speaker of the House John Boehner (R-OH) has introduced legislation to fund the federal government until Dec. 15, 2013. The bill, which includes a provision to defund Obamacare, is expected to be... Read More
BY John Ortman | 9/12/2013
What are the current prospects for tax reform, especially in light of shifting priorities on Capitol Hill? NAPA Executive Director/CEO Brian Graff tackles that question in this month’s Washington... Read More
BY Andrew Remo | 9/9/2013
Congress is poised to return to Washington D.C. this week to debate the weighty issues of war and peace amid a jam-packed legislative calendar and a limited timeframe on which to act on pressing... Read More
BY Fred Barstein | 8/28/2013
According to an analysis by EBRI, if President Obama’s budget proposal to cap retirement savings were to go into effect in a higher interest rate environment, one-third of current workers and 75% of... Read More
BY Fred Barstein | 8/6/2013
Former Los Angeles Mayor Richard Riordan has a plan to solve the looming $2.7 trillion in unfunded state and local pension plans. Rather than go the route of Detroit and file for bankruptcy, Riordan... Read More
BY Andrew Remo | 8/5/2013
Congress wrapped up its business for the summer last week. The House of Representatives and the Senate are now in recess until Sept. 9. Last week, the House passed bipartisan legislation to address... Read More
BY Fred Barstein | 7/26/2013
As NAPA’s 1st Annual DC Fly-in Forum approaches, many top DC Congressional leaders and policymakers have agreed to speak, with more expected. Currently the agenda for the September 17-18 meeting... Read More
BY Fred Barstein | 7/26/2013
A federal judge ruled that unions could not go to state court to fight Detroit’s Chapter 9 bankruptcy filing, but they could still argue in federal court that the bankruptcy filing was improper and... Read More
BY Andrew Remo | 7/25/2013
On Tuesday, July 24, the Aspen Institute’s Initiative on Financial Security organized a briefing for congressional staff to discuss how reforming the tax code could affect the retirement security of... Read More
BY Fred Reish | 7/24/2013
The Office of Management and Budget has posted that it received a proposed regulation from the Department of Labor. Unfortunately, it is not the much-anticipated proposed regulation on fiduciary... Read More
BY Andy Stonehouse | 7/24/2013
While the retirement world continues to wait for some final clarification on the Department of Labor’s ongoing attempts to establish the definition of fiduciary status under ERISA, a few recent cases... Read More
BY NAPA Net Staff | 7/23/2013
Last week’s top 5 most-read stories on NAPA Net reflected keen interest in a Yale Law professor’s letter to thousands of plan sponsors, the fast approaching 2013 requirement for fee disclosure,... Read More
BY Craig Hoffman | 7/23/2013
On July 22, 2013, the Department of Labor (“DOL”) provided relief to plan administrators in the form of Field Assistance Bulletin (“FAB”) 2013-02. The FAB announces a transitional enforcement policy... Read More
BY Andrew Remo | 7/23/2013
Congress is in the middle of a four-week, in-session work period before Members head out of town for the traditional August recess. Last week, the House of Representatives passed legislation to delay... Read More
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