Treasury department

Multiemployer plans untangle reforms

Multiemployer plans untangle reforms

Some multiemployer pension fund executives are trying to figure out whether to take advantage of a controversial new reform law that allows potential benefit cuts for participants and retirees....

February 09, 2015

FSOC moves toward more transparency

The Financial Stability Oversight Council agreed Wednesday to bring more transparency to its process for determining whether non-bank financial institutions are systemically important to the...

February 05, 2015 | 02:59 pm
Monetary policy divergence becoming unusually explicit

Monetary policy divergence becoming unusually explicit

Monetary policy divergence — and the opportunities and downfalls it presents — is set to take center stage in conversations among global money managers in 2015, with expectations that...

December 22, 2014
IRS allows use of annuities in target-date fund series

IRS allows use of annuities in target-date fund series

The Internal Revenue Service on Friday said defined contribution plans’ use of a target-date fund series containing deferred annuities won’t violate IRS rules against DC plans...

October 24, 2014 | 03:45 pm
IRS, Treasury release final hybrid plan rules

IRS, Treasury release final hybrid plan rules

The Treasury Department and the IRS finalized regulations for hybrid retirement plans such as cash balance plans that have been pending since 2010.

September 19, 2014 | 04:17 pm
ERISA at 40

ERISA at 40

While the Employee Retirement Income Security Act of 1974 benefited millions of people, it did not live up to the “retirement income security” part of its name. Along with praise for what ...

September 01, 2014
Lessons learned from ERISA

Lessons learned from ERISA

ERISA was a farsighted law in many aspects, especially in defining and assigning fiduciary responsibility, including prohibition on conflicts of interests, to those overseeing pension funds. But...

September 01, 2014
Maryland CIO leaving for federal post on public pensions

Maryland CIO leaving for federal post on public pensions

A. Melissa Moye is resigning as chief investment officer of the $45.4 billion Maryland State Retirement & Pension System, Baltimore, officials announced Monday.

August 04, 2014 | 02:00 pm
 Treasury allows longevity annuities in retirement plans

Treasury allows longevity annuities in retirement plans

The Treasury Department on Tuesday announced a final rule that will facilitate retirement plan participants' access to deferred-income annuities.

July 01, 2014 | 01:08 pm
Perella Weinberg names former NYC deputy mayor as CEO

Perella Weinberg names former NYC deputy mayor as CEO

Robert K. Steel, former CEO of Wachovia, was named CEO of Perella Weinberg Partners.

May 28, 2014 | 02:56 pm

Poll results: Would a SIFI designation of a money manager impact your allocation to such firms?

If the Financial Stability Oversight Council determines that large money managers are systemically important financial institutions, most P&I Online readers would not change their investments with...

May 27, 2014 | 03:54 pm
Money managers remaining vigilant against FSOC

Money managers remaining vigilant against FSOC

Money managers watching the Financial Stability Oversight Council grapple with systemic risk breathed more easily after being given a chance at a recent Washington conference to explain what they do. ...

May 26, 2014

Treasury Department starting unit that includes oversight of public pension funds

The Treasury Department is creating an Office of State and Local Finance to coordinate the department's efforts to oversee developments in state and local financial markets, including public pension...

April 17, 2014 | 05:21 pm

PIMCO emerging markets co-head nominated for Treasury post

Ramin Toloui was nominated by President Barack Obama on Thursdayto serve as the Treasury Department's deputy undersecretary for international finance, according to a White House...

April 11, 2014 | 04:16 pm
Treasury and IRS offer rollover relief

Treasury and IRS offer rollover relief

The Treasury Department and Internal Revenue Service issued guidance Thursday that removes a cumbersome step sponsors of retirement plans must take when accepting rollovers from other employers'...

April 03, 2014 | 03:54 pm