Washington Perspective, January 2008

Overview

The House and Senate recessed for the Holidays without passing any legislation that impacts governmental retirement plans. However, pending issues such as the technical corrections to the Pension Protection Act of 2006 (PPA), fee disclosure, and Roth 457 plans expect action in 2008. The House and Senate return in January. The IRS issued clarifications and notices on governmental provisions in the PPA and the GAO announced a delay in the next phase of its report on fee disclosure on 401(k) plans.[read more]

Technical Corrections to the Pension Protection Act

The Senate passed the Pension Protection Act Technical Corrections bill, S.1974, on December 19, 2007 but the House did not act on the PPA technical corrections bill. [more on the technical corrections]

Retirement Plan Fee Disclosure

Over the past year, Congress and government regulators have increasingly taken an interest in assessing fee disclosure issues, such as what fee information is required and how the information is disclosed. [more on retirement fee disclosure]

SEC Proposes Rule on Simplified Prospectus

Over the past year, Congress and government regulators have increasingly taken an interest in assessing fee disclosure issues, such as what fee information is required and how the information is disclosed. [more on the SEC proposal]

Status of GAO 401(k) Reports

Over the past year, Congress and government regulators have increasingly taken an interest in assessing fee disclosure issues, such as what fee information is required and how the information is disclosed. [more on the status of the GAO reports]

Roth Arrangements in 457 Plans

Over the past year, Congress and government regulators have increasingly taken an interest in assessing fee disclosure issues, such as what fee information is required and how the information is disclosed. [more on the Roth arrangements in 457 plans]

Penalty-free withdrawals from retirement plans for military reservists

Over the past year, Congress and government regulators have increasingly taken an interest in assessing fee disclosure issues, such as what fee information is required and how the information is disclosed. [more on penalty free withdrawals]

Self-insured health plan premium exclusion for retired public safety employees

Over the past year, Congress and government regulators have increasingly taken an interest in assessing fee disclosure issues, such as what fee information is required and how the information is disclosed. [more on the health plan premium exclusions]

Non-spousal beneficiary rollovers

Over the past year, Congress and government regulators have increasingly taken an interest in assessing fee disclosure issues, such as what fee information is required and how the information is disclosed. [more on the non-spousal beneficiary rollovers]

Outlook

Over the past year, Congress and government regulators have increasingly taken an interest in assessing fee disclosure issues, such as what fee information is required and how the information is disclosed. [read more]