A spokesperson for the National Conference on Public Employee Retirement Systems added "since the effective date of H.R 82 [the Social Security Fairness Act] is after December 2023, by law SSA has to ...

President-elect Trump has announced that he will nominate Ken Kies to be Assistant Secretary for Tax Policy and head tax policy for the U.S. Treasury Department. President-elect Trump has announced ...

The Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) have been repealed under the Social Security Fairness Act, which was signed into law on Jan. 5, 2025.

Most financially-focused New Year’s Resolutions focus on spending (less) or saving (more) —and the really thoughtful ones do both — all tied around the development of a budget that aligns what we have ...

The Department of Labor (DOL) has announced that it has appointed five new members and leadership for the 2025 Advisory Council on Employee Welfare and Pension Benefit Plans —better known as the ERISA ...

The IRS has issued an updated version of Form 15397, “Application for Extension of Time to Furnish Recipient Statements.” The form is relevant to information reporting concerning IRAs. For instance, ...

Contributions to 401(k)s made modest gains in 2023 as employers and participants reversed the trend of the year before, when they contributed less to their plans than they had in 2021. This according ...

The Senate has joined the House in passing a bill that would repeal the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO). The House had passed the Social Security Fairness ...

Ali Khawar, Principal Deputy Assistant Secretary of the Department of Labor’s Employee Benefits Security Administration (EBSA) will leave that post when President Trump is inaugurated, the agency ...

The IRS has issued the covered compensation tables that will be effective Jan. 1, 2025. The new data is contained in Revenue Ruling (Rev. Rul.) 2025-2. This revenue ruling provides tables of covered ...

Another employer has been sued for its pension risk transfer (PRT) choice — alleging not only that a breach of fiduciary duty put pensions at risk, but that there were conflicts of interest in the ...