John Iekel

The Office of Information and Regulatory Affairs of the Office of Management and Budget has outlined the Pension Benefit Guaranty Corporation’s (PBGC) fall 2020 regulatory agenda, and the status of the rules that are part of it.  Proposed Rules The following rules are in the proposed stage: ... READ MORE

The Pension Benefit Guaranty Corporation (PBGC) has issued its interest rate assumptions for the first quarter of 2021.  On Dec. 14 the PBGC issued a final rule that amends its regulation on Allocation of Assets in Single-Employer Plans to prescribe interest assumptions under the asset allocation... READ MORE

The IRS on Dec. 9 issued guidance that addresses certain provisions of the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE) Act Provisions that increase the automatic enrollment cap percentage and affect safe harbor plans, including safe harbor 401(k) plans and certain 403... READ MORE

The Pension Benefit Guaranty Corporation (PBGC) reports that the financial condition of its single-employer program continues to improve. And while it still projects that the multiemployer program is on the road to insolvency, it projects that will occur one year later than it had been expecting... READ MORE

The Pension Benefit Guaranty Corporation (PBGC) on Dec. 7 published a final rule amending its valuation regulation by substituting a new table for selecting the retirement rate category. The new table is used to determine the applicable expected retirement age for participants in single-employer... READ MORE

There is never a bad time to do the right thing, and a Dec. 2 ASPPA webcast provided a reminder of why that is important for a retirement professional to remember and apply.  In “Ethics—It Is Never the Wrong Time to Do the Right Thing,” American Retirement Association Director of Technical... READ MORE

The Social Security Administration (SSA) has announced that the Office of the Chief Actuary has updated the actuarial valuation of the combined Old Age and Survivors Insurance (OASI) and Disability Insurance (DI) trust funds.  The update accounts for the implications of the pandemic and the... READ MORE

The Department of Labor’s Employee Benefits Security Administration (EBSA), the IRS and the Pension Benefit Guaranty Corporation have released advance copies of the 2020 Form 5500 and the Form 5500-SF, as well as their schedules. They will be used for reporting information pertaining to the 2020... READ MORE

At a Nov. 10 meeting of the Oregon Retirement Savings Board (ORSB), the board voted to enter into termination negotiations with Ascensus to end the arrangement under which the firm has been the service provider for OregonSaves.  In an email to ASPPA Connect, Michael Parker, Executive Director of... READ MORE