Treasury Department

Watch breaking news videos and read news updates about Treasury Department on pionline.com

  1. IRS allows use of annuities in target-date fund series

    trueThe Internal Revenue Service on Friday said defined contribution plans’ use of a target-date fund series containing deferred annuities won’t violate IRS rules against DC plans discriminating in favor of higher paid employees, as long as other IRS guidelines are followed.

    Articles

  1. ERISA at 40

    trueWhile the Employee Retirement Income Security Act of 1974 benefited millions of people, it did not live up to the “retirement income security” part of its name. Along with praise for what ERISA did accomplish, there are now calls for fixing what it did not.

    Articles

  2. Lessons learned from ERISA

    trueERISA was a farsighted law in many aspects, especially in defining and assigning fiduciary responsibility, including prohibition on conflicts of interests, to those overseeing pension funds. But ERISA in the long term failed to expand defined benefit coverage.

    Articles

  3. Maryland CIO leaving for federal post on public pensions

    trueA. Melissa Moye is resigning as chief investment officer of the $45.4 billion Maryland State Retirement & Pension System, Baltimore, officials announced Monday.

    Articles

  4. Treasury allows longevity annuities in retirement plans

    trueThe Treasury Department on Tuesday announced a final rule that will facilitate retirement plan participants' access to deferred-income annuities.

    Articles

  5. Perella Weinberg names former NYC deputy mayor as CEO

    trueRobert K. Steel, former CEO of Wachovia, was named CEO of Perella Weinberg Partners.

    Articles

  6. Poll results: Would a SIFI designation of a money manager impact your allocation to such firms?

    trueIf the Financial Stability Oversight Council determines that large money managers are systemically important financial institutions, most P&I Online readers would not change their investments with such firms.

    Articles

  7. Money managers remaining vigilant against FSOC

    trueMoney managers watching the Financial Stability Oversight Council grapple with systemic risk breathed more easily after being given a chance at a recent Washington conference to explain what they do. Still, they're not letting down their guard or putting away potential weapons just yet.

    Articles

  8. Treasury Department starting unit that includes oversight of public pension funds

    trueThe Treasury Department is creating an Office of State and Local Finance to coordinate the department's efforts to oversee developments in state and local financial markets, including public pension fund liabilities.

    Articles

  9. PIMCO emerging markets co-head nominated for Treasury post

    trueRamin Toloui was nominated by President Barack Obama on Thursdayto serve as the Treasury Department's deputy undersecretary for international finance, according to a White House statement.

    Articles

  10. Treasury and IRS offer rollover relief

    trueThe Treasury Department and Internal Revenue Service issued guidance Thursday that removes a cumbersome step sponsors of retirement plans must take when accepting rollovers from other employers' plans. The change applies to any qualified plan, including defined benefit, defined contribution, ...

    Articles

  11. 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.”

    Articles

  12. Obama, Treasury detail new MyRA savings plan

    truePresident Barack Obama directed the Treasury Department on Wednesday to create the “MyRA” retirement savings bond program mentioned in his State of the Union address Tuesday night to reach low- and middle-income workers and others not saving for retirement.

    Articles

  13. Taper decision may boost interest in fixed income

    trueMoney managers' response to the Federal Reserve's decision to cut its monthly bond purchases to $75 billion in January from $85 billion is much more optimistic than it was when the topic first was broached.

    Articles