Create a plan to implement the Social Security Fairness Act, Representatives Jason Smith (R-MO) and Ron Estes (R-KS) have told the Social Security Administration (SSA). That measure repeals both the ...
By some measures, plans ended December better off than they had been when it began; by others, they did not. But whichever side of the ledger an analyst says private-sector DB plans ended the month on ...
The DOL on Jan. 14 released its final rule regarding changes to its Voluntary Fiduciary Correction Program (VFCP); it says the most significant changes involve the addition of two new self-correction ...
The fires raging in California are only the latest instance of a major disaster for which individuals may have an unanticipated need for funds. Enter SECURE 2.0, which makes it easier for qualified ...
The IRS has updated guidance and procedures concerning determination letters and letter rulings relevant to retirement plans. The updated guidance and procedures are contained in Revenue Procedure ...
Kelsey Mayo is joining the American Retirement Association’s (ARA) C-suite as its Chief Regulatory Affairs Officer after having served as its long-time Director of Regulatory Affairs from the outside.
The Treasury Department and the Internal Revenue Service (IRS) released a flurry of Friday morning news in the form of proposed regulations relating to SECURE 2.0 provisions for retirement plan ...
The PBGC has issued a final rule setting the 2025 civil penalties for failure to provide certain notices, other material information, and certain multiemployer plan notices. The Pension Benefit ...
A spokesperson for the National Conference on Public Employee Retirement Systems added "since the effective date of H.R 82 [the Social Security Fairness Act] is after December 2023, by law SSA has to ...
Voya Financial announced just after the new year began that it has completed its acquisition of OneAmerica Financial’s full-service retirement plan business. As a result of the acquisition, Voya’s ...
under the PBGC’s disaster relief policy, when the IRS extends the Form 5500 due date for plans affected by a disaster, the PBGC automatically extends the premium filing due date for any plan that is ...
Contributions to 401(k)s made modest gains in 2023 as employers and participants reversed the trend of the year before, when they contributed less to their plans than they had in 2021. This according ...