The U.S. Supreme Court decision Wednesday that allows federal recognition of same-sex marriages will have an immediate impact on employers that provide retirement plans in the 12 states and District...
June 26, 2013 | 03:53 pm
The $574 billion Medicare health system, the second-largest U.S. social services program, will exhaust its main financial trust fund in 2026, two years later than predicted as the Affordable Care Act ...
May 31, 2013 | 04:55 pm
The Illinois Senate soundly rejected a House pension bill Thursday night leaving state lawmakers one day to reach a compromise before the legislative session ends.
May 31, 2013 | 12:20 pm
Sen. Tom Harkin, D-Iowa, received the International Foundation of Employee Benefit Plans' Public Service Award on Tuesday.
May 21, 2013 | 03:34 pm
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...