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John Iekel

Legislation is before the Illinois Senate that would expand coverage and options available to certain employees in the education sector.  SB 1647 On Feb. 8, Sen. Robert F. Martwick (D-Chicago) introduced SB 1647, a bill that would amend the Downstate Teacher Article of the Illinois Pension Code... READ MORE
Many recent events have changed the way we look at access to teachers in order to provide long-term retirement planning. A Feb. 27 panel discussion at the NTSA Summit looked at best practices as well as the likely trends for the future. Panelists included the following: Brad Hope, AIF®, PPC,... READ MORE
Five new members were added to the distinguished professionals who are honored to be among those recognized by receiving the NTSA Elite Advisor Award. They were named at the Feb. 27 luncheon held at the 2023 NTSA Summit in Tampa, FL.  Kelly Larkin, CFP®, whose practice is in Seattle, WA, serves... READ MORE
Eleanor “Ellie” Lowder, TPGC, was honored with the 2023 Bob D. Schiller Award. Lowder, a volunteer with the NTSA for decades, passed on in 2022.  Born in 1938 in Virden, IL, Ellie was a loving mother and dedicated wife, and in a time in which it was more traditional for women to not enter the... READ MORE
Susan Diehl, QPA, CPC, ERPA, TGPC, BCFTM, President of PenServ Plan Services, Inc., is the 2023 winner of the Richard Ford Volunteer Service Award. The award was bestowed at the Feb. 27 luncheon at the NTSA Summit in Tampa, FL.  Diehl, the 2012 Bob D. Schiller Award winner, is a long-time... READ MORE
Are retirement plans SECURE? American Retirement Association CEO Brian Graff, NTSA Executive Director Nathan Glassey, and ARA Director of Federal and State Legislative Affairs Andrew Remo at the Feb. 26 opening session of the 2023 NTSA Summit in Tampa, FL discussed Washington’s take on that. And,... READ MORE
“A year of setting the foundation for growth” was how 2022 NTSA President Christopher Zingaro summed up the year of his tenure. He made his remarks at the opening of the 2023 NTSA Summit in Tampa, FL.  Reviewing the year, Zingaro noted that 2022 brought not only inflation and the easing of COVID... READ MORE
Lisa Stubbs, CRES, of Security Benefit, has taken the helm as 2023 NTSA President. In her remarks at the opening session of the 2023 NTSA Summit, she set growth as a priority. “We’re going to do that in a big way,” she said.  “My goal this year is to get more people engaged,” said Stubbs,... READ MORE
The IRS has issued an update to the 2022-2023 priority guidance plan.    The IRS had released the initial plan on Nov. 4, 2022, setting forth guidance priorities for the 12-month period from July 1, 2022, through June 30, 2023 (the plan year).    To Be Done   The IRS says in the updated list... READ MORE
The latest deadline for registering with the Connecticut Retirement Security Program — also known as MyCTSavings — looms. And the program itself could be fine-tuned if legislation now before the state House of Representatives is enacted.  The Connecticut Retirement Security Program is a state-... READ MORE
Smoky Mountains, ocean shore. Disparate settings, but a common legislative thread — legislation is before the legislatures of Tennessee and Rhode Island that would add those states to those that provide a state-sponsored retirement plan for those whose employers do not.  The Volunteer State The... READ MORE
The West Virginia Senate has passed a measure that would include certain public charter schools under state public retirement system coverage. Sen. Eric Nelson (R-Kanawah) introduced the bill, SB 449, on Jan. 24. It passed in that chamber on Feb. 9 in a 33-0 vote. What the Bill Would Do The bill... READ MORE
The Congressional Research Service (CRS) has provided an overview concerning the Social Security full retirement age (FRA) and what changes to it mean. This is especially timely since the effects of adjustments made under a reform measure enacted in 1983 are kicking in. About the FRA A worker’s... READ MORE
Employee participation in retirement plans could be better, by some measures. How to improve it has long been a topic of discussion — and knowing what employees are looking for in a plan is a key factor in bringing that about.  It’s the Economy, S_____ What employees want can be a bit of a moving... READ MORE
A bill is before the Maryland House of Delegates that would require the State Board of Trustees of the Maryland Teachers and State Employees Supplemental Retirement Plans to implement an automatic enrollment arrangement for state employees hired on or after Jan. 1, 2024 Del. Tony Bridges (D-... READ MORE
A bill is before the Illinois Senate that would allow a financial institution or investment provider to offer or provide services to certain 457 plans. Sen  Michael W. Halpin (D-Rock Island) introduced SB1233 on Feb. 2, 2023.  The bill provides that a financial institution or investment provider... READ MORE
It may be winter, but the heat continues for CalSavers. The CalSavers Retirement Savings Board, which administers CalSavers, reports that the program continues to grow. In fact, growth in January outstripped that of December regarding total assets and average funded account balance. CalSavers,... READ MORE
OregonSaves, CalSavers, Illinois Secure Choice…call it what you will, they and their counterparts boil down to one basic thing — a retirement plan sponsored by the state government to provide at least some kind of retirement plan coverage for individuals who lack access to one. In most cases, that... READ MORE
An exodus of teachers could be looming — but retirement benefits offer a way to head that off, a recent report suggests.  Almost two-thirds of U.S. educators — 63%  — are at least considering leaving the teaching profession, say Horace Mann National Business Solutions Executive Kelly Ruwe and... READ MORE
The IRS has updated the operational compliance list relevant to 403(b) requirements effective during the calendar year. The update adds a discussion of provisions that became effective in 2022. The IRS intends the list to help plan sponsors and practitioners achieve operational compliance by... READ MORE

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