Archive for December, 2012
Possible Fiscal Cliff Deal Puts Small Business Retirement Plans at Risk
ASPPA CEO Brian Graff explains how the latest fiscal cliff negotiations could put small business owners and retirement security at risk.
What’s New—Washington Update
ASPPA’s 2012 Cincinnati Pension Conference opened with an update on recent and proposed government policy and regulation. ASPPA General Counsel and Director of Regulatory Affairs Craig Hoffman joined moderators David Panella, of Fidelity Investments, and Brenda Baker, QKA, of Tri-State Plan Administration to give attendees a regulatory update.
Protective Delight vs. Potential Danger
“Mind your Ps and Qs” is a favorite aphorism of every parent. As we go through life, we have picked up others: “look both ways before crossing the street,” “measure twice cut once,” “pay me now or pay me later,” and “an ounce of prevention is a pound of cure.”
ASPPA Members Ask the Experts
Joshua Gotbaum, Director of the Pension Benefit Guaranty Corporation (PBGC) braved Hurricane Sandy and opened the impromptu “Ask the Experts” session by commenting on a recent 2011 Gallup survey which he described as “terrifying.” According to the survey, more than three-quarters of Americans between the ages of 30 and 49 are very concerned about the adequacy of their retirement savings. Gotbaum pointed out that ASPPA members and the PBGC have a job in common: encouraging private retirement savings.
The Road to Retirement
While fiscal cliff negotiations are putting tax incentives for retirement savings on the front line, eleven members of congress voiced their support for the employer-based retirement system by co-sponsoring the ‘Sense of the Congress’ Senators Blumenthal (D-Conn.) and Isakson (R-Ga.) filed December 6.
Coalition to Protect Retirement Strongly Supports Sense of the Congress Resolution on Retirement Savings
The Coalition to Protect Retirement strongly supports the introduction of the Sense of the Congress resolution which calls for maintaining the current incentives for retirement savings.
Keeping Current with Ferenczy and Watson
While the winds from hurricane Sandy swirled outside, members of the American Society of Pension Professionals & Actuaries (ASPPA) met at National Harbor for their annual conference. Monday’s sessions began with the annual update on regulation, legislation and guidance changes, as well as a look at litigation involving employee benefit plans from the past year…
Washington Update - Fiscal Cliff Negotiations
ASPPA’s CEO Brian Graff discusses recent developments in negotiations on the impending “fiscal cliff.” He discusses the strategies of both Republicans and Democrats, and goes into detail on various proposals and negotiating stances of both groups. Graff explores the likelihood of America “going over the cliff” and highlights the importance of leadership from the White House as time runs out for politicians to make a deal.
