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Ways and Means committee chairman wants carried interest tax rate eliminated
trueHouse Ways and Means Chairman Dave Camp, R-Mich., on WednesdayFeb. 26 unveiled a draft proposal for comprehensive tax reform that calls for eliminating private equity firms’ carried interest tax rate and trims tax advantages of retirement savings for higher-income workers.
Statewide retirement plan proposed in Connecticut
trueA bill proposing the creation of a statewide retirement plan for all Connecticut residents was introduced in the state Senate on Friday.
Illusionary retirement accounts
trueAs currently conceived, myRA helps people start saving now. What is missing is help to encourage them to save even more later.
The pension fund cookie jar
trueCorporate defined benefit plans, still struggling to raise funding levels, are being used, in the words of one actuarial consultant, as a cookie jar by Congress to finance unrelated federal spending.
Retirement: A welcome focus from the State of the Union
trueNot too long ago, talk of a retirement crisis, the reaction, more often than not, was “I'll believe it's a crisis when people start acting like it's a crisis.”
Harkin's universal retirement plan called a good start despite some hurdles
trueAn ambitious idea for a universal retirement program introduced Jan. 30 by Sen. Tom Harkin, D-Iowa, is being welcomed for advancing a national debate on ways to improve retirement security, but it faces an uphill climb in Congress.
Universal retirement legislation submitted by Harkin
trueSen. Tom Harkin, D-Iowa, introduced legislation Thursday that would make universal retirement coverage available to an estimated 75 million Americans who are without access to workplace retirement plans or are self-employed.
Senate passes pension relief for charities, rural cooperatives
trueThe Senate on Tuesday unanimously approved legislation that gives charities and rural cooperatives pension funding relief.
Harkin to unveil universal pension legislation
trueSen. Tom Harkin, D-Iowa, will unveil his legislative proposal for creating a privately run retirement system Thursday.
Indiana Public Retirement reissues search for annuity provider amid legislative uncertainty
trueThe Indiana Public Retirement System, Indianapolis, reissued an RFP for a lifetime annuity provider for its $5.6 billion annuity savings account program despite a bill that passed the state House that would force the retirement system to continue to manage the program in-house.
Senate passes budget deal
trueThe Senate late Wednesday passed a two-year budget deal that calls for raising premiums paid to the PBGC and increasing federal employee retirement contributions to help offset spending hikes.
Budget deal includes pension provisions
trueU.S. budget negotiators have reached agreement on a deal that includes raising the contributions that federal employees make to their retirement plans and increasing premiums for pensions backed by the Pension Benefit Guaranty Corp.
Chicago still needs to reform pension system
trueAfter finally tackling pension reform, Illinois legislators now need to figure out a way to help Chicago, which faces a steep increase in pension contributions in 2015.
Senate HELP Committee OKs pension funding relief bill for charities, rural co-ops
trueCharities and rural cooperatives got closer to pension funding relief Wednesday as the Senate Health, Education, Labor and Pensions Committee unanimously approved legislation co-sponsored by Chairman Tom Harkin, D-Iowa.
Union and retiree pressure mounting against multiemployer pension fund reform
trueA package of reform proposals to help the most troubled multiemployer pension funds is running into more opposition from some union and retiree advocates.