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Harkin wins public service award for 'bold' universal pension proposal
Sen. Tom Harkin, D-Iowa, received the International Foundation of Employee Benefit Plans' Public Service Award on Tuesday.
Oklahoma governor vetoes pension reform bill
Oklahoma Gov. Mary Fallin vetoed a pension reform bill that would have given new hires a choice between entering a defined contribution plan and participating in the $7.5 billion Oklahoma Public Employees Retirement System.
North Carolina Senate OKs hike in alternative investments for state pension fund
The North Carolina Senate overwhelmingly approved raising the bar on alternative investments for the North Carolina Retirement Systems, Raleigh, to as much as 40% of its assets.
Oregon lawmakers pass law to lower pension COLAs
The Oregon House of Representatives passed a pension reform bill Wednesday that lowers the maximum cost-of-living adjustment for retirees of the $61.1 billion Oregon Public Employees Retirement Fund, Salem.
Bill to measure pension liabilities by fair market value introduced in House
State and local governments would have a single standard for disclosing pension liabilities that would be measured by fair market value, under a legislative proposal introduced Thursday by Rep. Devin Nunes, R-Calif.
Milliman to assess impact of another Florida pension reform bill
The Florida Senate commissioned Milliman to conduct an actuarial study of the financial impact of closing the Florida Retirement System's defined benefit plan to some state employees
401(k) loans usually not taken out frivolously, lawmakers told
Senate hearing on new bill that would change how 401(k) loans are repaid prompts lawmakers to discuss leakage with industry representatives.
Not a way to end abuses
The proposed U.S. transaction tax leads investors on a path that in other markets has created distortions in trading, liquidity and costs, while achieving none of the hoped-for objectives in mitigating volatility, high-frequency speculation and systemic risk.
Illinois pension reform gets the gong
The Illinois House of Representatives resoundingly rejected four pension reform proposals on Thursday put forward by House Speaker Michael Madigan.
U.S. financial transaction tax bill introduced in Congress
Legislation introduced Thursday by Sen. Tom Harkin, D-Iowa, and Rep. Peter DeFazio, D-Ore., would impose a 0.03% tax beginning in 2014 on non-consumer financial trading, including stocks, bonds and other debts after their initial issuance, and would include derivative contracts, options, puts, ...
Endless funding relief
For several years there has been a clash between the low interest rates generated by the Federal Reserve to stimulate the economy and the resulting rising pension contribution levels that have absorbed corporate cash.
Poll results: What senator will have the greatest impact on retirement issues?
The newest member of the Senate's Health, Education, Labor and Pensions Committee expected to make the greatest impact on retirement issues is Elizabeth Warren, D.-Mass., according to a poll conducted last week.
New Congress offers hope for pension issues
While wholesale policy changes are not expected in President Barack Obama's second term, some new Capitol Hill assignments have sparked a glimmer of optimism among retirement and investment industry observers.
Retirement issues likely to dovetail with tax reform in 2013
The Washington outlook for retirement and investment policy in 2013 can be summed up in one word: revenue.
Time to expand audits
Once Congress gets past the fiscal cliff and takes steps to solve the country's long-term debt problem, it should turn its attention to strengthening the integrity of both defined benefit and defined contribution retirement plans.