26 03, 2020

Stimulus deal includes temporary relief for retirement plans

2020-03-26T07:22:31-07:00March 26th, 2020|Categories: Pension Funding|Tags: , , |

The Senate approved on Wednesday a roughly $2 trillion economic stimulus package for affected companies and workers that also provides some temporary relief for retirement plan sponsors and participants. Final approval is expected Friday in the House of Representatives, where House Speaker Nancy Pelosi said Wednesday she expected to debate the measure on the floor. Defined benefit plan sponsors gained a one-year holiday from making their 2020 contributions, but did not get other measures sought, including delayed reporting or [...]

23 08, 2016

California set to join states offering retirement plans

2016-08-23T21:37:26-07:00August 23rd, 2016|Categories: Retirement|Tags: , |

More than half of American workers — roughly 55 million — don’t have access to a retirement savings plan on the job. While those people can open an individual retirement account with an investment company, less than 1 in 3 American households has an IRA and even then most of those people have access to an employer-sponsored plan such as a 401(k). This week California lawmakers are expected to vote on a bill that would enroll employees who are not [...]