When the CAA passed the House by 225-201, 226 of the House’s 435 members voted by proxy. The House had allowed members to vote by proxy since 2020 to allow members greater flexibility during the ...

On average, Social Security retirement benefits will increase by about $50 per month starting in January. The estimated average monthly Social Security benefit payable in January 2025 will now be ...

Funding levels of private-sector pension plans remain strong for the year overall despite slight declines in the third quarter, say recent reports. Funding levels of private-sector pension plans ...

October is harvest time. But farmers are not the only ones gathering the bounty—so is the Pension Benefit Guaranty ...

For a mass affluent couple retiring in 25 years, this would mean a reduction of almost $287,000 in lifetime benefits. An average-income couple 10 years from retirement would lose just under $100,000 ...

Enhanced planning services in defined contribution (DC) plans may help alleviate the so-called financial vortex of life events and unexpected expenses that can disrupt Americans’ ability to save for ...

Since most people have NO idea of the answer to either of those questions 30 years in advance, we tend to provide the aforementioned heuristics; things like 70% of pre-retirement income as a stand in ...

Facilitating employees’ financial wellness takes many forms. Providing a retirement plan is perhaps the most important, but fostering their overall financial well-being in turn helps boost retirement ...

Arbitration of claims and discretionary clauses in all ERISA covered retirement plans would be prohibited by legislation that has been reintroduced in both chambers of Congress. The effort, which ...

Ali Khawar, the Principal Deputy Assistant Secretary of Labor for EBSA, at the CFP Board’s 2024 Connections Conference defended the Retirement Security Rule and noted that the Department of Labor will ...

In guidance it issued on Oct. 3, the IRS addresses long-term, part-time employees (LTPTE) in 403 (b) plans under SECURE 2.0 for plans beginning in 2025. The guidance comes in Notice 2024-73.

Erin Koeppel, the managing director of government relations and public policy counsel at the CFP Board, and a supporter of the Retirement Security Rule, says that the "report highlights some of the ...