President Obama proposes more retirement plan access, cap on tax savings

2015-02-03T21:51:20-08:00February 3rd, 2015|Categories: Retirement|Tags: , , |

President Barack Obama’s fiscal year 2016 budget proposal released Monday calls for expanding access to retirement savings in the workplace while capping the tax-favored accumulation of all private retirement assets. It would also raise $19 billion over the next 10 years by changing the way the Pension Benefit Guaranty Corp. sets premiums. After consulting with stakeholders, premium increases would be split among single-employer and multiemployer programs and phased in gradually. […]