Financial Freedom Act Proposed in Senate
Senator Tommy Tuberville (R-AL) has introduced the Financial Freedom Act.
SEC Extends Comment Period for ESG Reporting Proposal
The SEC has extended the period to comment on its proposed rule regarding climate-related disclosures initially released in March, and published in the federal register on April 11, 2022.
IRS Proposes Update to Mortality Tables Used for DB Plans
The Department of Treasury and IRS have released proposed regulations to update the mortality tables that are used to calculate minimum required contributions for single-employer defined benefit pension plans.
IRS Issues Proposed MEP Rule
To help expand access to MEPs, the IRS has released proposed regulations, which provide a welcome exception to the unified plan rule.
IRS Releases Revised 2021 Publication 590-B
The IRS has issued a revised 2021 Publication 590-B, Distributions from Individual Retirement Arrangements (IRAs).
Proposed Lump-Sum Buyout Disclosure Legislation Reintroduced
Senators Patty Murray (D-WA), Tina Smith (D-MN), and Tammy Baldwin (D-WI) reintroduced the Information Needed for Financial Options Risk Mitigation (INFORM) Act of 2022.
Senate Proposal Would Allow Certain Plan Design Expenses from Plan Assets
Senators Jacky Rosen (D-NV) and Tim Scott (R-SC) have introduced S. 4086, the Increasing Small Business Retirement Choices Act.
2023 Mortality Rates and Tables for DB Plans
The IRS has issued Notice 2022-22, containing “mortality improvement rates” and “static mortality tables” to be used in certain liability determinations for defined benefit (DB) pension plans.
DOL Launches Roundtable Discussions on Retirement
The Department of Labor (DOL) has kicked off what is to be a series of roundtable discussions on how to improve retirement security for workers.
IRA Bankruptcy Exemption Increases
Effective April 1, 2022, the maximum aggregate bankruptcy exemption amount for IRAs increased from $1,362,800 to $1,512,350.
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