NTSA Net Staff

In a characteristically brash move, New Jersey Gov. Chris Christie (R) announced a plan to restructure the state pension system just one day after a New Jersey judge said his plan to cut the state’s contributions to its pension system violates the state constitution.Christie’s fiscal year 2015... READ MORE

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... READ MORE

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... READ MORE

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... READ MORE

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... READ MORE

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... READ MORE

It’s not unusual for questions to arise about options for the beneficiaries of 403(b) accounts, including non-spouse beneficiaries’ ability to “stretch” the distributions from the deceased’s account over the beneficiary’s lifetime. In this week’s MarketBeat, Ellie Lowder reviews the basics of... READ MORE

The states just got a report card on their teacher pension systems, and many states have work to do. The National Council on Teacher Quality (NCTQ) in “Doing the Math on Teacher Pensions” reports that collectively in 2014, state teacher pension systems had unfunded liabilities amounting to $500... READ MORE

The new IRS position that the one-per-year limit on IRA rollovers applies to all IRAs a taxpayer owns continues to evoke questions. In this week’s MarketBeat, David R. Blask discusses the rule, as well as the changes the IRS made to its Publication 590 to help taxpayers comply and better understand... READ MORE