Oklahoma Gov. Mary Fallin vetoed a pension reform bill that would have given new hires a choice between entering a defined contribution plan and participating in the $7.5 billion Oklahoma Public...
May 13, 2013 | 03:44 pm
The North Carolina Senate overwhelmingly approved raising the bar on alternative investments for the North Carolina Retirement Systems, Raleigh, to as much as 40% of its assets.
May 07, 2013 | 03:22 pm
The Oregon House of Representatives passed a pension reform bill Wednesday that lowers the maximum cost-of-living adjustment for retirees of the $61.1 billion Oregon Public Employees Retirement Fund, ...
April 25, 2013 | 03:28 pm
State and local governments would have a single standard for disclosing pension liabilities that would be measured by fair market value, under a legislative proposal introduced Thursday by Rep. Devin ...
April 18, 2013 | 01:53 pm
The Florida Senate commissioned Milliman to conduct an actuarial study of the financial impact of closing the Florida Retirement System's defined benefit plan to some state employees
April 01, 2013 | 02:09 pm
Senate hearing on new bill that would change how 401(k) loans are repaid prompts lawmakers to discuss leakage with industry representatives.
March 21, 2013 | 04:03 pm
The proposed U.S. transaction tax leads investors on a path that in other markets has created distortions in trading, liquidity and costs, while achieving none of the hoped-for objectives in...
March 18, 2013
The Illinois House of Representatives resoundingly rejected four pension reform proposals on Thursday put forward by House Speaker Michael Madigan.
March 01, 2013 | 01:05 pm
Legislation introduced Thursday by Sen. Tom Harkin, D-Iowa, and Rep. Peter DeFazio, D-Ore., would impose a 0.03% tax beginning in 2014 on non-consumer financial trading, including stocks, bonds and...
February 28, 2013 | 04:08 pm
For several years there has been a clash between the low interest rates generated by the Federal Reserve to stimulate the economy and the resulting rising pension contribution levels that have...
February 04, 2013
The newest member of the Senate's Health, Education, Labor and Pensions Committee expected to make the greatest impact on retirement issues is Elizabeth Warren, D.-Mass., according to a poll...
January 28, 2013 | 03:07 pm
While wholesale policy changes are not expected in President Barack Obama's second term, some new Capitol Hill assignments have sparked a glimmer of optimism among retirement and investment industry...
January 21, 2013
The Washington outlook for retirement and investment policy in 2013 can be summed up in one word: revenue.
January 07, 2013
Tax preferences for retirement savings remain a potential target as Congress last week removed the immediate threat of the fiscal cliff and now must address required spending cuts.
January 07, 2013
Once Congress gets past the fiscal cliff and takes steps to solve the country's long-term debt problem, it should turn its attention to strengthening the integrity of both defined benefit and defined ...