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Georgia may join sister states in establishing a state-run retirement plan to provide coverage for private-sector employees whose employers do not, if a measure now before the Senate is enacted.  Sen. Chuck Hufstetler (R-52) introduced SB 477 on Feb. 9, 2024. It calls for the creation of the Peach... READ MORE
The New Mexico Senate is considering a request for a study regarding equalization of teachers’ pensions with those of public employees.  Sen. Mimi Stewart (D-Bernalillo), President Pro Tempore of the New Mexico Senate, on Jan. 18 introduced SM 4, a bill requesting that the Legislative Finance... READ MORE
Tech Talk provides a comparison of 401(k) plans and 457(b) plans offered by government entities. READ MORE
An expert panel recently suggested that the meaning of financial wellness is “amorphous” and “evolving,” writes John Iekel in MarketBeat. READ MORE
Being a 403(b) advisor is both rewarding and challenging.  Helping a teacher prepare for retirement is gratifying, but many other aspects of the work are a struggle. Battling client apathy toward retirement planning, deciphering the complexities of retirement plans, and dispelling client... READ MORE
State-run programs spanning the breadth of the country are expanding the scope of the private-sector employees and workers they cover.   Freelancers Covered by New York Secure Choice The scope of New York Secure Choice, the program through which the Empire State provides coverage to private-... READ MORE
Many teachers in Alaska may have the ability to choose between defined benefit or defined contribution coverage.  A bill is before the Alaska Senate that would expand the retirement coverage options offered under the Public Employees' Retirement System of Alaska and the teachers’ retirement system... READ MORE
While workplace retirement plans are becoming an expectation for employees, the results of a new survey show there are multiple areas where savers are seeking additional support. ​ In fact, according to Vestwell’s annual Savings Industry Report, four emerging trends for 2024 all point to a growing... READ MORE
On Feb. 7, House Ways and Means Committee Ranking Member Richard Neal (D-Mass.) introduced a bill to establish a federal auto-IRA for employers with more than 10 employees who do not currently sponsor a retirement plan.  The Automatic IRA Act of 2024 would require employees to be automatically... READ MORE
Tech Talk discusses when hardship distributions from governmental 457(b) plans are allowed. READ MORE
Research and recent insights suggest that while loans help fund steps intended to improve one’s position, in some ways they can threaten future security by affecting retirement saving, writes John Iekel in MarketBeat.  READ MORE
Teachers in two states may have new options for funding retirement, if measures before their legislatures are enacted.  Working After Retirement A bill before the Missouri Senate would adjust provisions of the law concerning time and salary limitations on working after retirement for members of... READ MORE
More American savers will turn 65 this year than at any point in history, with roughly 12,000 people a day reaching the age that most target for retirement, but a new report suggests that many are second-guessing whether they are ready to retire.   The Nationwide Retirement Institute surveyed 1,... READ MORE
A trio of high-profile industry academics argue in a new paper that the government should limit contributions or accumulations in tax-advantaged retirement plans—or tax the earnings each year—to address Social Security’s shortfall, writes John Sullivan in MarketBeat. READ MORE
A bill before the Mississippi House of Representatives would establish a state-run retirement plan to provide coverage for private-sector employees whose employers do not offer one.  Rep. Orlando Paden (D-Bolivar) on Jan. 24, 2024 introduced House Bill 599, the Mississippi Secure Choice Savings... READ MORE
Employees would no longer be required to opt in to participate in the Hawaii Retirement Savings Program but rather would be automatically enrolled under legislation now before the Hawaii House and Senate.  Sen. Sharon Moriwaki (D-Waikiki) introduced SB2553 on Jan. 19, 2024; Rep. Andrew Garrett (D-... READ MORE
A resolution before the Alaska House calls for the state to join others in calling for the repeal of the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO).  Rep. Alyse Galvin (I-Anchorage) introduced House Joint Resolution 18 on Jan. 22, 2024.  Alaska has the highest... READ MORE
The IRS has made the 2023 Cumulative List of Changes in Plan Qualification Requirements for Defined Contribution Qualified Pre-Approved Plans available. The new list, contained in Notice 2024-3, provides updated listings of required modifications and information packages for DC plans.  The 2023... READ MORE
An expert panel recently suggested that the U.S. retirement system is a success but also argued that we can still do better, writes John Iekel in MarketBeat. READ MORE
One provision in particular in the SECURE 2.0 Act is receiving the lion’s share of attention from retirement plan sponsors and participants. Section 110 allows student loan payments to be treated as elective deferrals for purposes of matching contributions. Yet guidance on how it will happen is... READ MORE

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