More closed corporate defined benefit plans may have been frozen this year because the IRS has not released guidance on how employers could avoid failing non-discrimination testing in closed plans.
December 09, 2013
Sens. Ben Cardin, D-Md., and Rob Portman, R-Ohio, are urging Treasury officials to help defined benefit plan sponsors deal with non-discrimination rules that could prompt more soft-frozen plans that...
November 25, 2013 | 04:09 pm
An Internal Revenue Service announcement on the maximum contribution that can be made to 401(k) plans, which was delayed by the 16-day partial government shutdown, is expected next week.
October 23, 2013 | 02:12 pm
Employers wondering how the Supreme Court decision that voided parts of the Defense of Marriage Act affects their retirement plans got some clarity Wednesday from the Department of Labor.
September 18, 2013 | 05:38 pm
The IRS has granted church-plan status to the defined benefit pension plan of Saint Peter's Healthcare System, New Brunswick, N.J., exempting it from Employee Retirement Income Security Act rules on...
August 27, 2013 | 03:44 pm
Regulatory reform and tax incentives were cited by 28% of small- and medium-sized business owners as policies most likely to spur U.S. job creation in 2013, according to the latest Pepperdine Private ...
March 11, 2013 | 04:04 pm
Employers that thought closing their defined benefit plans to new employees would simplify their pension decisions could be in for a rude surprise as they increasingly risk flunking non-...
February 18, 2013
Just 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...
February 07, 2013 | 04:24 pm
Automatic individual retirement accounts, a proposal by President Barack Obama, won't become a reality even if the president is re-elected, PSCA lobbyist Ed Ferrigno said Thursday.
September 13, 2012 | 01:58 pm
Both parties have been talking about tax reform to broaden the revenue base and lower tax rates. Both parties are also under pressure to deal with the federal budget. In the quest to find revenue and ...
August 20, 2012 | 12:01 am
Los Angeles Unified School District executives are pinned between Internal Revenue Service rules requiring greater responsibility for monitoring and administering the district's $2 billion 403(b)...
July 09, 2012
The IRS on Wednesday offered a solution to American Airlines' attempt to freeze its defined benefit plan for pilots, proposing a rule change that would allow for elimination of lump-sum distributions.
June 20, 2012 | 05:54 pm
Despite emerging unscathed from an initial review by a House committee, tax incentives for retirement savings could be curbed or eliminated as part of comprehensive tax reform and deficit reduction,...
April 23, 2012 | 01:16 pm
President Barack Obama's fiscal 2013 budget proposal marks his first formal attempt to trim tax incentives for retirement savings.
February 20, 2012
Federal employees hired after the end of this year will contribute more to their defined benefit pension plan under legislation extending the payroll tax cut.