Legislation

How to increase retirement savings of 60 million employees

How to increase retirement savings of 60 million employees

Washington lawmakers should get together behind a federal automatic IRA, the most effective vehicle for harnessing the power of inertia to increase retirement savings of 60 million Americans.

April 12, 2017 | 12:01 am
Brazil now sees lower house majority for key pension reform

Brazil now sees lower house majority for key pension reform

Brazil's government says it now sees enough votes to pass its flagship pension overhaul in the lower house after making concessions to gain lawmaker support.

April 11, 2017 | 02:42 pm
Modern-day Glass-Steagall legislation would separate banking, investment activity

Modern-day Glass-Steagall legislation would separate banking, investment activity

Legislation to restrict banks from engaging in riskier trading and investment activity was expected to be introduced Thursday in the Senate.

April 06, 2017 | 05:08 pm
Senators introduce bipartisan legislation to relax withdraw rules for Thrift Savings Plan

Senators introduce bipartisan legislation to relax withdraw rules for Thrift Savings Plan

A bipartisan bill designed to loosen withdrawal rules for the Federal Thrift Savings Plan was introduced in the Senate.

April 06, 2017 | 04:13 pm
Lifetime income disclosure legislation introduced

Lifetime income disclosure legislation introduced

Bipartisan legislation that would require employer-sponsored retirement plans to provide estimates of how much lifetime income can be generated from participants' existing retirement savings accounts ...

April 06, 2017 | 05:17 pm
MOSERS to work with legislators on potential lump-sum offer for former employees

MOSERS to work with legislators on potential lump-sum offer for former employees

Missouri State Employees' Retirement System's board authorized staff to discuss with state legislators the potential of allowing some former state employees who are vested in the $9 billion pension...

April 06, 2017 | 12:05 pm
Greek pensions hot potato puts Tsipras in bailout tight spot

Greek pensions hot potato puts Tsipras in bailout tight spot

Differences over pensions and labor-market reforms are the biggest sticking points in Greece's talks with creditors to unlock bailout funds.

April 04, 2017 | 12:08 pm
Retirement advocates form coalition to gear up for tax reform

Retirement advocates form coalition to gear up for tax reform

As Congress begins to tackle tax reform, a coalition of business and benefit advocates formed to protect the tax advantages of retirement savings.

April 04, 2017 | 02:20 pm
Walling off assets is wrong

Walling off assets is wrong

A bill introduced in the California State Assembly would require the state's two largest public pensions to divest of companies involved in the construction of a border wall between the United States ...

April 03, 2017
Rhode Island treasurer proposes bill to help municipal plans join state retirement system

Rhode Island treasurer proposes bill to help municipal plans join state retirement system

Rhode Island Treasurer Seth Magaziner has proposed a bill designed to help cities and towns with locally administered pension systems improve performance and reduce costs.

March 31, 2017 | 01:16 pm
Illinois governor vetoes bill to help improve funding ratio for 2 Chicago pension plans

Illinois governor vetoes bill to help improve funding ratio for 2 Chicago pension plans

Illinois Gov. Bruce Rauner vetoes a bill to help shore up Chicago's municipal and laborer pension funds.

March 24, 2017 | 05:43 pm
Washington casts uncertainty on retirement strategies

Washington casts uncertainty on retirement strategies

Speakers at P&I's East Coast Defined Contribution Conference discussed different strategies to bolster retirement security, but were reminded of the uncertainty in Washington that could affect ...

March 24, 2017 | 12:01 am
U.K. should increase retirement age faster, new report recommends

U.K. should increase retirement age faster, new report recommends

A faster increase in the state pension age, an end to guaranteed increases in pension benefits and a midlife check to help people take stock of their work, health and retirement have been recommended ...

March 23, 2017 | 01:51 pm
ERISA: DOL can't have it both ways

ERISA: DOL can't have it both ways

The Department of Labor's secure choice rule undermines ERISA protections for participants in those plans, which are aimed at the approximately 55 million private-sector employees without access to a ...

March 20, 2017
European Parliament approves rules to improve shareholder rights

European Parliament approves rules to improve shareholder rights

The European Parliament has voted in favor of new rules that will strengthen shareholder rights and facilitate cross-border voting under the Shareholders Rights Directive.

March 15, 2017 | 03:35 pm