Washington Perspective, November-December 2007

Plan Default Investments Ruling Issued by DOL

In October, the U.S. Department of Labor (DOL) issued the final regulation related to Qualified Default Investment Alternatives (QDIA) in 401(k) and other defined contribution retirement plans that permit participants to direct the investment of their accounts. [more on the QDIA regulations]

Rising Health Care Costs Focus of New GAO Study

A Government Accountability Office (GAO) study suggests that state and local governments generally have enough funds set aside to meet their current pension and retiree health care benefit obligations. [more on the GAO study]

Taxpayers Get Reminder from IRS on Retirement Savings Credit

The IRS is reminding low- and moderate-income workers that they may be eligible for the Saver’s Credit for their contributions to an IRA or defined contribution savings plan. The IRS included the advice in a news release issued in November. [more on the IRS reminder to taxpayers]