Washington Perspective, February 2009

Legislative and Regulatory Report and Outlook for 2009 – Overview

Despite hope that the Congress would have an economic stimulus package ready for Inauguration day, the democratic leadership has adjusted its timetable for completing a stimulus/recovery plan to mid-February. [more on the Legislative and Regulatory Report]

Retirement-related Issues and Activities that Impact Public Employees

The new RMD suspension law includes a provision of particular importance to many ICMA-RC participants – the suspension of the required minimum distribution (RMD) from retirement plans and IRAs for the 2009 tax year. [more on the RMD suspension]

Regulatory Environment Update

The Department of Labor (DOL) had advanced two sets of proposed regulations affecting 401(k) plan fee transparency, one governing fee disclosure between service providers and employers and one governing fee disclosure to plan participants. [more on the proposed regulations]