ICMA-RC News & Updates
| Displaying stories 1–25 of 288 | |◄ ► ►| |
- Department of Labor Releases Service Provider Fee Disclosure Regulations
- ICMA-RC, posted July 27, 2010
- On July 15, 2010, the Department of Labor (“DOL”) released its final service provider fee disclosure regulations, bringing to fruition a more than two and one-half year regulatory project.
- House Representatives Schwartz and Johnson Reintroduce National Save for Retirement Week Resolution
- ICMA-RC, posted June 30, 2010
- Reps. Allyson Schwartz (D-PA) and Sam Johnson (R-TX) this week introduced H.Res. 1481, which designates Oct. 17–23, 2010 as National Save for Retirement Week.
- Senate Special Committee on Aging Holds Hearing on Lifetime Income Options
- ICMA-RC, posted June 23, 2010
- The Senate Special Committee on Aging held a hearing on June 16, 2010 to discuss ways to help retirees convert their savings into retirement income for the rest of their lives. Committee members paid particular attention to testimony on how to educate individuals on retirement planning and flexible lifetime income solutions, particularly annuity products.
- Roth 457 Provision Excluded From Latest Version of Tax Extenders Legislation
- ICMA-RC, posted June 18, 2010
- Provisions to allow 457(b) deferred compensation plans to carry a Roth feature have not been included in the Senate’s version of the tax extenders legislation known as the American Jobs and Closing Tax Loopholes Act of 2010 (H.R. 4213).
- DOL and SEC Release Target Date Fund Guidance for Investors
- ICMA-RC, posted May 17, 2010
- The Department of Labor (DOL) and the Securities and Exchange Commission (SEC) recently released their long-awaited Investor Bulletin on Target Date Retirement Funds. The four-page document is designed to provide investors with a better understanding of how target date funds work and the risks associated with them.
- Social Media Meets Financial Education at TheDreamBigSite.org
- ICMA-RC, posted May 01, 2010
- thedreambigsite.org, a new financial education social media Web site targeted at Generation Y users, launched this week. ICMA-RC created the Web site as a resource for Gen Y users who work for or are considering a career in local, regional, municipal, or state government.
- Health Care Reform Bill Passes Without HRA Tax Parity Provision
- ICMA-RC, posted April 07, 2010
- The health care reform bill recently passed by the House and Senate (H.R. 3590) does not include provisions to extend tax-free employer-paid coverage to nonspouse or nondependent beneficiaries.
- DOL Proposes New Regulations to Interpret Investment Advice Provisions
- ICMA-RC, posted March 08, 2010
- In late February, the Department of Labor issued a new proposed regulation interpreting the investment advice provisions of the Pension Protection Act of 2006 (PPA).
- Senate Finance Committee Pushes Forward with Roth 457 Provision
- ICMA-RC, posted March 08, 2010
- The Senate Finance Committee, this week, passed the Tax Extenders Act of 2009, which includes a provision to establish a Roth feature for state and local 457 plans.
- Obama Administration 2011 Budget Proposal Includes Enhancements to Auto-IRA and Saver’s Credit
- ICMA-RC, posted February 08, 2010
- The President’s FY2011 budget proposal, submitted to Congress in early February, generally does not change previous policy, but does include revisions that would expand both automated IRA enrollment and the Saver’s Credit.
- Department of Labor and Treasury Seek Suggestions and Comments on ERISA Rules
- ICMA-RC, posted February 08, 2010
- The Department of Labor (DOL) and the Department of the Treasury have issued a request for information to get a better idea of if, and how, the two departments should enhance the rules under the Employee Retirement Income Security Act (ERISA) regarding lifetime income options.
- A Message From ICMA-RC President and CEO Joan McCallen
- ICMA-RC, posted August, 2010
- Throughout 2010, ICMA-RC and its clients have pulled together to meet ongoing challenges brought about by the deepest and longest financial downturn in decades. The market has demonstrated its resilience, and collectively, we have as well. It is still too early to say that all of the difficulties are behind us. However, we have seen encouraging signs of improvement that give me greater confidence that the recession is approaching an end.
- GAO Releases Report on Fees and Fee Disclosure in Non-401(k) Defined Contribution Plans
- ICMA-RC, posted November 23, 2009
- The Government Accountability Office (GAO) recently released a new report that evaluates fee levels and fee disclosure practices in IRAs and defined contribution plans other than 401(k)s.
- Employer Support Doubles Retirement Plan Participation Among Public Employees
- ICMA-RC, posted November 17, 2009
- Research shows that city and state government employees are twice as likely to save for retirement when employers provide support, resources and education for doing so.
- House Passes Legislation on Health Reimbursement Arrangements
- ICMA-RC, posted November 13, 2009
- Legislation that will provide tax parity to non-spouse/non-dependent individuals who qualify for and receive employer-provided health plan benefits passed in the House this week.
- A Message From ICMA-RC President and CEO Joan McCallen
- ICMA-RC, posted October 28, 2009
- The economic turmoil of the past year produced some unprecedented challenges for investors planning for their retirement. Following a difficult recession, we are slowly beginning to see signs of a recovery. Specifically, we note that the stock market crossed the Dow 10,000 mark again in October and has climbed significantly since the lows of March 2009. For ICMA-RC participants like you seeking to build retirement security, time in the market has once again proved a smarter strategy than timing the market.
- Retirement Plan Limits Remain the Same for 2010
- ICMA-RC, posted October 21, 2009
- The Internal Revenue Service and the Department of Treasury announced last week that they are preventing reductions in the amounts that workers can contribute to 401(k)s, 457 plans, IRAs and other tax-favored retirement systems in 2010.
- ICMA-RC Introduces New "It Pays to Save" Web Site
- ICMA-RC, posted September 25, 2009
- ICMA-RC has launched a new "It Pays to Save" Web site at www.icmarc.org/savers featuring information and materials available to ICMA-RC plan sponsors as part of ICMA-RC's Saver's Initiative. Plan sponsors can use the tools available on the Web site to learn about the campaign and work together with their ICMA-RC representatives to promote retirement plan participation among their employees.
- IRS Launches New Retirement Plans Web site For Employers
- ICMA-RC, posted September 13, 2009
- The Internal Revenue Service recently launched a new Web site designed to help employers determine the best retirement plan to suite their employees’ needs.
- Congress Passes National Save For Retirement Week Resolution
- ICMA-RC, posted August 3, 2009
- A resolution recognizing National Save for Retirement Week (NSRW) has passed in both the House and Senate. Rep. Allyson Schwartz (D-PA) and Rp. Sam Johnson (R-TX) co-sponsored H Res. 647 which designates Oct. 18-24, 2009 as a week set aside for "raising public aware of the various tax-preferred retirement vehicles."
- Proposed Changes to Required Minimum Distributions
- ICMA-RC, posted July 21, 2009
- Legislation that would alter Required Minimum Distributions (RMD) from pension plans has been introduced in both the Senate and the House. H.R. 2021, led by Rep. John Boehner (R-OH), would extend the suspension of RMD requirements through 2012. It was referred to the House Committee on Health, Employment, Labor, and Pensions.
- Fee Investment Advice Bill: Changes Could Undo SunAmerica Arrangement
- ICMA-RC, posted July 1, 2009
- The House Education & Labor Committee has approved bills related to fee disclosure and financial advice from financial institutions. One bill provides for enhanced fee disclosure for retirement plan participants, providers and sponsors. If enacted, the bill would require investment returns to be compared to appropriate benchmarks. It would also require the Department of Labor (DOL) to study whether benchmark provisions were helpful to plan participants.
- DOL, SEC Hearing Considers Further Target Date Oversight, but Show Little Interest in More Regulations
- ICMA-RC, posted June 30, 2009
- Securities and Exchange Commission (SEC) Chair Mary Shapiro and a series of mutual fund industry representatives were among those considering changes in how target date funds are structured and marketed in a Joint Hearing on Target Date Funds held June 18 at the Department of Labor (DOL).
| Displaying stories 1–25 of 288 | |◄ ► ►| |