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John Iekel

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
Editor’s note: This the second in a four-part series. The original appears in its entirety as the cover story of the Winter 2023 edition of Plan Consultant magazine. The digital edition of the Winter issue is available here. However, access to Plan Consultant is restricted to ASPPA members, so you’... READ MORE
More public-sector employees have access to retirement plans than their counterparts in private industry, reports the Bureau of Labor Statistics (BLS). Same is true regarding participation.  In its Feb. 1, 2023 The Economics Daily, the BLS provides a snapshot of access to, and participation in,... READ MORE
SECURE 2.0 is a reality now — and two industry experts offered their insights in a Jan. 25 webcast as the dust settles.    American Retirement Association Director of Regulatory Affairs Kelsey Mayo, who also is a Partner at Poyner Spruill LLP, and American Retirement Association Director of... READ MORE
Editor’s note: This the second in a four-part series. The original appears in its entirety as the cover story of the Winter 2023 edition of Plan Consultant magazine. The digital edition of the Winter issue is available here. However, access to Plan Consultant is restricted to ASPPA members, so you’... READ MORE
Editor’s note: This the first in a four-part series. The original appears in its entirety as the cover story of the Winter 2023 edition of Plan Consultant magazine. The digital edition of the Winter issue is available here. However, access to Plan Consultant is restricted to ASPPA members, so you’... READ MORE
Certain tax information could be disclosed to the Maryland Small Business Retirement Savings Board to help in administering the Maryland Small Business Retirement Savings Program and Trust.   Legislation that created the state-run auto-IRA program that businesses can offer went into effect on July... READ MORE
The Colorado Department of the Treasury on Jan. 18 announced that the Colorado SecureSavings Program is open for businesses to register with it. The Centennial State’s state-sponsored retirement savings program for those whose employers do not offer a retirement plan is intended to provide... READ MORE
New year, new duties? A Missouri senator has introduced legislation that would modify the duties of fiduciaries serving public employee retirement systems. Sen. Jill Carter (R-Jasper and Newton) on Jan. 4 introduced the bill, SB 436. It provides that an investment fiduciary would discharge his or... READ MORE
Almost immediately after the New Year’s champagne stopped pouring, legislation arrived in the Mississippi House of Representatives that would establish a state-run plan that would provide retirement plan coverage for private-sector employees whose employers do not offer one.  Rep. Orlando Paden (D... READ MORE

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