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DC East speakers tout importance of education, communication
trueSuccess in achieving defined contribution plan goals can rely as much on how plan executives and service providers communicate as to what investment options they offer, plan designs they prepare, and products and services they develop
NIRS: States doing better on retirement security, but there's room for improvement
trueSome states are doing better than others when it comes to providing financial security for future retirees, but all states have room for improvement, according to a new analysis by the National Institute on Retirement Security.
Obama's 2015 budget limits retirement tax deductions, increases PBGC premiums
truePresident Barack Obama's 2015 federal budget, unveiled Tuesday, calls for a 28% limit on retirement-related tax deductions and an overall cap on all retirement accounts, including pensions, that could bring in $1 billion per year in new tax revenue.
Pressure building on Pew to cut ties with foundation
truePublic pension fund groups are pressuring the Pew Charitable Trusts to stop taking money from a foundation to finance Pew's Public Sector Retirement Systems Project.
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.
Washington State Investment Board commits $1.2 billion to 4 alts funds
trueWashington State Investment Board, Olympia, made four new commitments totaling up to $1.2 billion.
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.
Playing offense could net PBGC $95 million in Revstone case
trueThe Pension Benefit Guaranty Corp.’s campaign to recover pension assets of Revstone Industries LLC — a case involving several defined benefit plans, civil and bankruptcy court litigation, and lots of moving parts — appears headed for success.
Companies bracing for 1-2 retirement punch
trueDespite the growing drumbeat in Washington to stimulate more retirement savings, the prospect for real change is dim, and retirement plan sponsors are braced for more bad news from Congress and the White House.
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.
East Coast snowstorm affects offices and agencies
trueAlthough several offices and agencies remained open during Thursday's storm that dumped snow and ice across the East Coast, a few offices either shuttered their doors during the day or gave their employees the option of telecommuting.
PBGC plans emerging markets equity search
trueThe PBGC plans to issue an RFP around Feb. 27 for an emerging markets equity manager, according to a posting on the agency website.
A new cop at the SEC
trueWith Mary Jo White now leading the Securities and Exchange Commission, senior executives of investment management firm and officials of fiduciary fund boards as well as compliance professionals alike should recognize the need to step up their game to avoid a potential run-in with the new cop on the ...
Ceres: SEC needs to better enforce climate change disclosure requirements
trueThe Securities and Exchange Commission “is not adequately enforcing” compliance of its requirements for corporations to disclose climate change financial risks, according to a new report by Ceres.