PBGC Updates Maximum Guarantee Table for 2024
The Pension Benefit Guarantee Corporation (PBGC) has updated its table titled, “Present Value of PBGC Maximum Guarantee.
DOL Releases Proposed Fiduciary Rule
The Department of Labor (DOL) has released a new proposed rule updating the definition of an investment advice fiduciary under ERISA.
How SECURE 2.0 Changed the Hardship Rules
SECURE 2.0 expands hardship self-certification.
SECURE 2.0 Changes Catch-Up Contribution Rules
SECURE 2.0 requires that all catch-up contributions for a participant whose FICA wages for the prior year exceed $145,000 (indexed) be made on a Roth basis.
Retirement Savings for Americans Act Reintroduced
Senators John Hickenlooper (D-CO) and Thom Tillis (R-NC), and Representatives Terri Sewell (D-AL) and Lloyd Smucker (R-PA) have re-introduced the Retirement Savings for Americans Act.
Disaster Distribution Proposal Introduced in House
Representative Jill Tokuda (D-HI) has introduced HR 5873, the Natural Disaster Tax Relief Act of 2023.
SAFER Banking Act Advances Out of Committee
The Senate Finance Committee has advanced S. 2860, the Secure and Fair Enforcement Regulation (SAFER) Banking Act by a vote of 14-9.
Disaster Assistance May Be Available for Vermont Severe Storms and Flooding
The Federal Emergency Management Agency issued a disaster declaration on October 6, 2023, for Vermont severe storms and flooding.
Several Bills Amending ERISA Advance out of House Committee
The House Education and Workforce Committee held a mark-up of several proposals, including four bills.
Several Amendments to ERISA Proposed in House
Several bills have been introduced in the House of Representatives that would make amendments to the Employee Retirement Income Security Act of 1974 (ERISA).
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