Legislation

N.C. pension fund gets jump on tax-reform savings for participants

PENSION FUNDS -

PENSION FUNDS -

North Carolina Retirement Systems officials didn't want participants to have to wait until February to start seeing tax-reform benefits.
Royal Mail to freeze pension plan, set up collective defined contribution plan

Pension Funds -

Pension Funds -

Royal Mail PLC is set to freeze its pension plan and sponsor the U.K.'s first collective defined contribution plan.
Commentary: Trump administration could block investor access to courts

INDUSTRY VOICES -

INDUSTRY VOICES -

Confidential arbitration — unlike public trials — silences victims, conceals the extent of wrongdoing and allows firms to escape accountability.
Brazil pension vote tally barely budges despite Temer's efforts

LEGISLATION -

LEGISLATION -

As Brazil's legislative recess enters its final days, President Michel Temer still faces an uphill battle to secure the votes for his flagship pension reform bill.
Trump calls for $1.5 trillion infrastructure package in State of the Union

WASHINGTON -

WASHINGTON -

President Donald Trump called on Congress to pass legislation that would spur at least $1.5 trillion in infrastructure spending.
Commentary: Seizing the cash repatriation opportunity

INDUSTRY VOICES -

INDUSTRY VOICES -

A sudden influx of cash presents a rare opportunity for corporate treasurers – but they need to start acting now.
How 401(k) deductions were saved in budget drama

WASHINGTON -

WASHINGTON -

An unusual coalition, old-fashioned lobbying and a presidential tweet might have saved retirement savings tax advantages.
90% of CFTC employees could be furloughed in a government shutdown

Washington -

Washington -

About 90% of the CFTC's employees could be furloughed if the federal government shuts down at 12:01 a.m. EST Saturday.
Kentucky proposes full actuarial pension contribution for first time in 20 years

CONTRIBUTIONS -

CONTRIBUTIONS -

Kentucky Gov. Matt Bevin is proposing contributing $3.31 billion total to the state's employee retirement systems over the next two fiscal years.
Sponsors cite new tax law in improving 401(k) plans

DEFINED CONTRIBUTION -

DEFINED CONTRIBUTION -

The new tax law played a role in several companies' decisions to enhance their 401(k) plans.
U.S. Treasury 10-year yield rises to highest level since 2014

MARKETS -

MARKETS -

The benchmark Treasury yield rose Friday, extending a sell-off in the world's largest-debt market that began last September.
New York governor proposes bill to tax carried interest as ordinary income

Legislation -

Legislation -

New York Gov. Andrew Cuomo announced he had submitted a bill seeking to tax carried interest as ordinary income rather than capital gains.
Carlyle co-CEO, Chamber of Commerce officials urge more action on infrastructure

Infrastructure -

Infrastructure -

The U.S. needs to do more to facilitate infrastructure projects and public-private partnerships, said Glenn Youngkin, co-CEO of Carlyle Group.
California governor raises prospect of pension cuts in downturn

Pension Funds -

Pension Funds -

California Gov. Edmund G. "Jerry" Brown Jr. said legal rulings may clear the way for making cuts to public pension benefits.
Representatives outline hybrid multiemployer plan design bill to be introduced

LEGISLATION -

LEGISLATION -

Legislation creating a new hybrid multiemployer retirement plan design was unveiled Tuesday on Capitol Hill.