Updated Yield Curves and Segment Rates for DB Plans
The IRS has issued Notice 2022-29, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.
DOL Releases Spring 2022 Regulatory Agenda
The Department of Labor has posted online its upcoming guidance priorities.
Senate Finance Committee Advances EARN Act
The Senate Finance Committee conducted a hearing today to consider the Enhancing American Retirement Now (EARN) Act.
IRS Updates Letter Ruling Procedures for DB Plan Spin-Offs
The IRS has issued Revenue Procedure (Rev. Proc.) 2022-28, which updates Rev. Proc. 2022-3, on whether the IRS will issue letter rulings or determination letters.
Senate Finance Releases Its Version of SECURE 2.0
The Senate Finance Committee has released an outline of its version of proposed retirement reform on the heels of passage of the Rise & Shine Act out of the Senate HELP committee last week.
Big Changes May be in Store for the Davis-Bacon Act
The Davis-Bacon Act (DBA) has played a major role in the construction industry for over 90 years.
Starter-K Companion Legislation Introduced in House
Representatives Linda T. Sánchez (D-CA) and Darin LaHood (R-IL) introduced the Starter-K Act, legislation intending to expand access to retirement savings for more Americans.
Auto-Portability Legislation Introduced
Senators Tim Scott (R-SC) and Sherrod Brown (D-OH) have introduced the Advancing Auto Portability Act of 2022.
Federal Prime Interest Rate Increased to 4.75%
Effective June 15, 2022, the Federal Prime interest rate increased from 4.00% to 4.75%.
RISE & SHINE Act Approved by Committee
The Senate HELP Committee unanimously passed out of committee S.4353 the RISE & SHINE Act (previously announced), with two amendments.
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