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On July 9, Missouri Gov. Jay Nixon (D) signed into law a measure that makes it illegal to transfer or assign public pension benefits. The Show-Me State is the first to enact such legislation.   The new law arose, at least in part, in response to the practice of third parties providing a cash... READ MORE

When the IRS writes its essay about how it spent its summer vacation, it will report about how it rolled out a new compliance initiative project focusing on whether non-qualified deferred compensation arrangements are operating in accordance with Internal Revenue Code Section 409A. So says Linda... READ MORE

NTSA is always busy working on your behalf and that of those whom you serve. Following is a look at what’s been going on in selected states, as well as NTSA’s assessment and what action we are taking.  Pennsylvania  Both the House of Representatives and Senate are in recess until Sept. 15. Before... READ MORE

An agent working with a public school superintendent to include retirement benefits in his individual contract reviews the wording the district plans to use. She sees that they have given the superintendent a choice of medical insurance OR an employer contribution to the 403(b) plan. In Tech Talk,... READ MORE

The Treasury Department issued a rule July 1 that essentially allows employees to convert part of their IRA or 401(k) balances into a longevity annuity. Under the rule, an IRA or 401(k) can allow participants to use $125,000 or up to 25 percent of their IRA or 401(k) — whichever is less — to buy a... READ MORE

An agent with a product provider insists that an employee can take distribution from his 457(b) plan and roll it over into the same employer’s 403(b) plan; he is under 70 ½ and actively employed with that employer. The agent says there is new guidance making this permissible. In Tech Talk, Ellie... READ MORE

In nearly half of the states, state pension benefits have changed —  often in a way that reduces them. This not only hurts retirement accounts and income, it also heightens a sense of urgency in boosting participation in 403(b)s and 457(b)s in order to bolster employees’ savings. One of the ways to... READ MORE

The 2014 NTSA 403(b) Summit, held this week in Washington, D.C., got rave reviews from attendees, speakers and exhibitors alike. You can get a taste of the six general sessions and 18 workshop sessions at this year's Summit from our onsite coverage of the event: Staying a Step Ahead... READ MORE

That’s the specific — and implied — message of three experts offering their take on how to increase plan participation. TSA Consulting VP Steve Banks, Hendershot Financial Group’s Tom Hendershot and Teresa Ward, Retirement Plans VP at OppenheimerFunds, made their remarks to attendees at a June 23... READ MORE