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It can be a challenge to find quality reference materials concerning the 403(b) and 457(b) market as those serving other kinds of retirement pans. But a freshly updated reference is now available! In this week’s MarketBeat, Michael Webb introduces The Source: 403(b) and 457(b) Plans, which he calls...
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New Jersey Gov. Chris Christie (R) suffered a setback Feb. 23 in his plan to reduce the state’s contributions to the state pension system. New Jersey Superior Court Judge Mary Jacobson said that the plan is unconstitutional.Christie’s administration planned to slash cut $1.57 billion more from the...
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More divides private and public employees than the kind of employer for which they work — what kind of retirement plan is available to them, and how many assets are available in each kind, varies as well. Pensions & Investments reports that the answer for each is the opposite of the other.By...
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The National Tax-deferred Savings Association (NTSA) has issued a call for presentations and presenters at the 2015 NTSA 403(b) Summit.As part of the redefined 403(b) Summit experience, NTSA members voted on key topics on which they’d like to be part of the program agenda. Now you can be part of...
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President Obama has thrown his support behind the Department of Labor’s (DOL) controversial fiduciary rule reproposal — but the details of the proposal remain elusive.The president touted the reproposed rule at a Feb 23 speech at the offices of AARP in Washington, where he was joined by Sen....
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If a client has a 403(b) account in which no contributions have been made since 2003, does it qualify as a grandfathered account? And can the client self-certify? In this week’s Tech Talk, Ellie Lowder gives us the answers, and also addresses what happens if the client breaks the self-certification...
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The largest city in Florida and its Police and Fire Pension Fund have been mired in controversy for at least two years now, but the state legislature may help Jacksonville to resolve at least part of it.The Jacksonville Police and Fire Pension Fund has a $1.6 billion unfunded liability. The city...
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Employees of the Windy City face the same circumstances as their counterparts who work for the government of their state: a pension system with huge funding liabilities. Chicago is third among U.S. cities in population, but it may be first in pension fund shortfall.Two of Chicago’s pension funds...
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Presenting a budget he said was “honest with the people of Illinois,” new Illinois Gov. Bruce Rauner (R) has proposed massive cuts to balance the state’s budget, with state pension plans bearing the brunt, The New York Times reports.“Our top priority for financial reform must be our pension system...
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It may not be largest city in Ohio or even on the Ohio River, but Cincinnati can lay claim to something enormous — its unfunded pension liability, which amounts to more than $860 million. A deal to address it is close to being struck, but that could be months away.According to WCPO, the fund, which...
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Recent Comments
Does the roth requirement for catch-up contributions for people who earned $145,000 apply to 457...
Hi Ed,
I really liked this article and I think you make a lot of sense. And I had no...
I believe there's a misstatement in that last quote - it should refer to governmental and...
Working with several medical providers as clients, I note that the high-end earners tend to push...
Congratulations to NTSAA for landing a good one. Nathan's breadth of experience and...