Senators Introduce Retirement Security Act Focused on Small Business
“This Congress could make real strides in expanding opportunities for small businesses to provide retirement programs,” says ASPPA's Miller.
More Seniors Facing Retirement with Student Loan Debt
A recent government study reveals that the number of Americans that carry student loan debt into their retirement has increased by at least 400 percent in the past decade
Lawmakers Air Concerns About DOL Fiduciary Redraft
Lawmakers air concerns about the upcoming DOL fiduciary redraft release, lay out plans to ensure next Congress keeps the current retirement planning tax incentives intact
Lifetime Income Projections Useful, but Workers Not Surprised by Outcome: EBRI
More than 81% of workers said they would continue to contribute at their current rates after hearing their projected monthly income amount.
Congressional Hearing Tackles Long-Term Care Funding Woes
“Our current system of providing long-term care is unsustainable for both the government and for families,” Sen. Ben Nelson warned.
Congressional Committee Addresses ‘Retirement Crisis’
The Special Committee on Aging met recently to hear testimony on the “State of the American Senior: The Changing Landscape for Baby Boomers.”
Retirement Pros Weigh In on DOL’s Lifetime Income Plan
DOL’s plan would require that lifetime income illustrations be given to participants in defined contribution plans, such as 401(k)s and 403(b)s.
Senate Introduces Lifetime Income Disclosure Act
Senators on Wednesday introduced a bill to allow workers in retirement plans to receive an annual statement of how their lump-sum savings translate into a lifetime stream of monthly income.
Senators’ SEAL Act Would Ease 401(k) Loan Paybacks
The bipartisan Shrinking Emergency Account Losses (SEAL) Act would give workers who leave their jobs until they file their federal taxes to repay 401(k) loans.
NAIC Votes on Medical Loss Ratios; Insurers Unhappy
In what was seen as a setback for insurance companies, the proposed rules on the medical loss ratio voted by NAIC on Thursday did not include any insurance-company-proposed amendments.