The month of August has come and gone. This may be one of the slower months of the year when it comes to legislative activities: there are currently only eight states whose legislatures are in session and Congress is on recess for the month. BUT—that didn’t stop us from moving some things forward and also has turned our attention to activities outside of legislative focus.
To begin, let’s focus on some of the things that did take place legislatively.
State Level. Our bill in Illinois was signed by the Gov. J.B. Pritzker (D) on August 4 and became law immediately. As a reminder—this provided teacher’s access to an advisor by adding at least one additional vendor to the 457(b) plan run by the state. This benefits not only the larger school districts, but any of the districts in the state.
Federal. We met with Rep. Jason Smith (R-MO), House Ways and Means Committee Chairman. This was a great opportunity to discuss future retirement-related legislation and the direction that he sees things moving into 2024. Topics we discussed included corrections to SECURE 2.0 and collective investment trusts (CITs) in 403(b) plans.
In addition to legislation, we have turned our focus to the 2024 NTSA Summit.
Our committee is scheduled to meet on Fridays to build an amazing agenda in a wonderful place, sunny San Diego! We are excited to be celebrating 35 years
Together as an organization and look forward to seeing all of you at the event in February. Registration will be opening in approximately two weeks, and we are excited for you to take advantage of the early bird specials that will be included with the registration roll out. Please remember to sign up early (but not often…I mean, this isn’t voting ??).
During August, I was also able to spend some time with several of our Strategic Partners at an event in Florida. It was wonderful to see many of you and to discuss state by state legislation that took place in 2023 and the plans for 2024. Thank you to our host, U.S. OMNI & TSACG, for a wonderful event at such a beautiful venue.
Thank you all so much for the strength and service you provide for those who do so much for the future of our world. Keep up the great work!
P.S. To follow up on my personal note from last month, my daughter married the man of her dreams earlier this month and they are happier than I have ever seen them. I am so proud of them and look forward to many years of love, joy, and success.