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Laws

Legislation that has been enacted into law.
Summary of the pension cutback provisions in Multiemployer Pension Reform Acf

Summary of the pension cutback provisions in the Multiemployer Pension Reform Act of 2014

In December 2014, Congress passed and President Obama signed into law the 2015 Omnibus spending bill, which included provisions of the Mult

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The Illinois Secure Choice Savings Program Act

On January 4, 2015, Illinois Governor Pat Quinn signed into law the Illinois Secure Choice Savings Program Act (Public Act 098-1150). Introduced as S.B. 2758 by Illinois Senator Daniel Biss, the Act passed the State legislature in 2014.

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Connecticut Secure Retirement Plan

Connecticut Secure Retirement Plan

On May 7, 2014, the Connecticut General Assembly passed a “budget implementer” bill that includes provisions to lay the groundwork for a new state-administered retirement savings plan for private-sector workers who do not have an employer-provided pension or retirement savings plan.

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Relief for Hurricane Victims

Katrina Emergency Tax Relief Act of 2005 Retirement Provisions

On September 21, 2005 President Bush signed into law the Katrina Emergency Tax Relief Act of 2005 (KETRA). KETRA includes provisions specifically related to retirement plans to provide financial relief to those affected by Hurricane Katrina.

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Learn about the Pension Protection Act of 2006

Pension Protection Act of 2006

On August 17, 2006, President Bush signed the Pension Protection Act of 2006 (PPA) [PDF] into law. The Senate passed the bill on August 3, 2006, and the House of Representatives passed it on July 28, 2006. 

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PBGC Premium Increase

The Pension Benefit Guaranty Corporation (PBGC) is a federal corporation that insures most defined benefit plans in the United States.  The PBGC is funded solely by premiums paid by plan sponsors.  Currently the PBGC is experiencing deficits due to the large amount of plans which are terminated with insufficient funds to cover all its liabilities.

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Increased FDIC Coverage Limits

The Federal Deposit Insurance Corporation (FDIC) insures deposits in banks and thrift institutions.  Currently the FDIC insures all deposits in banks, including retirement savings accounts such as Individual Retirement Accounts (IRA).  The FDIC covers for losses caused by the failure of the financial institution which holds the accounts assets up to $100,000.  The Defic

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The HEART Act

The President has signed into law the Heroes Earnings Assistance and Relief Tax Act (HEART Act) which includes provisions relating to death, disability and pension benefits.

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