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Taxing pensions and 401(k)s
truePresident Barack Obama's federal budget proposal to restrict accumulations in retirement programs would, if enacted, affect in a direct way only a very few participants, but would undermine the pension system and hurt all participants in it.
Obama budget to cap retirement deductions
trueThe retirement- and investment-related tax proposals in President Barak Obama's fiscal 2014 budget are bargaining chips in the administration's battle with Republicans, Washington insiders say.
Obama 2014 budget calls for carried interest rate elimination, retirement savings cap
truePresident Barack Obama's fiscal 2014 budget proposal unveiled Wednesday repeated calls for reducing tax incentives for retirement savings on higher income taxpayers with a new call to cap individual retirement accounts at $3 million.
White House expected to give labor secretary nod to civil rights attorney
trueThe White House is expected to name civil rights attorney Thomas E. Perez as secretary of the Department of Labor this week.
Distressed multiemployer plans show progress, but 'substantial percentage' still in peril — GAO study
trueSeverely distressed multiemployer plans have made progress in solving their funding problems, but “a substantial percentage” of them do not expect to return to a healthier funded status, a Government Accountability Office expert told a congressional panel Tuesday.
ICI survey: Americans back tax breaks for defined contribution plans
trueJust as President Barack Obama is calling on Congress to close tax loopholes and deductions to reduce the deficit, Investment Company Institute is touting a survey that shows a majority of Americans don't want lawmakers to change tax incentives for retirement savings.
GAO study: Defense Department pension accounting rules need more oversight
trueNew pension accounting rules for federal contractors are going to require greater oversight from the Department of Defense, according to a Government Accountability Office study released Tuesday.
Jack Lew nominated as next Treasury secretary
trueJack Lew was nominated to be secretary of the Treasury on Thursday by President Barack Obama, to succeed Timothy Geithner.
'Bare-bones' resolution to budget crisis seen as most likely
trueAny fiscal-cliff resolution is being seen as nothing more than a “bare-bones” extension approved by the end-of-the-year deadline.
Stocks fall for fifth day as fiscal cliff looms
trueStocks fell for a fifth day on Friday, the longest slump since September, as lawmakers prepared for talks to avoid the fiscal cliff of spending cuts and tax increases looming in January. Treasuries extended a weekly gain.
Profiteers and politicians: Two groups that need to clean up their acts
trueAs politicians in Washington consider a resolution to the Fiscal Cliff, they could learn important lessons from people's opinion of profiteering.
Federal Reserve commits to further bond purchases until unemployment rate improves
trueThe Federal Reserve announced on Wednesday it will now base its actions on changes in the unemployment rate, rather than tie it to a calendar framework, as long as inflation remains low.
Poll results: How significant would a cut of retirement plan tax incentives have on savings?
trueEighty-three percent of Pensions & Investments readers believe a cut of retirement plan tax incentives would have a negative impact on retirement savings.
Retirement industry likely to go on defensive no matter who wins - Pensions & Investments
trueThe conventional wisdom is again wrong. Many believe the retirement industry would gain in a Republican sweep on Election Day. But in reality, neither party's victory would be an unambiguous positive.
Not just sitting ducks
trueIn election season, politicians ask: Are you better off than you were four years ago? But pension funds should ask: Are they better prepared to deal with the risk and return challenges that lie ahead than they were when the financial market crisis struck?