The most recent white paper from Pentegra. The purpose of the timing of this paper—immediately after the signing of the Executive Order promoting MEPs—is to spur constructive dialogue nationally about the best path forward with respect to MEPs.
This document discusses retirement benefits for senior state officers in Kenya. It provides background on the rationale for providing pensions to public servants, including securing their independence and making public service an attractive career. In Kenya, different categories of civil servants have different pension schemes, and the government has persisted in maintaining multiple schemes. In 2003, Kenya passed a law providing generous retirement benefits for presidents. However, the law has been controversial and subject to attempts at amendment. The document examines issues around the constitutionality and sustainability of retirement benefits for senior officials in Kenya and other countries. It concludes by recommending reforms such as eliminating dual pension schemes and ensuring benefits are legally compliant and economically sustainable.
Deficit-Financed Extension of Research Tax Credits Gets Nod from HouseCBIZ, Inc.
Several days of hotly contested debate over legislation that would make the Code Sec. 41 research tax credit permanent gave way to a bipartisan vote for House passage on May 9. House lawmakers approved the American Research and Competitiveness Bill of 2014 (HR 4438) over the objections of Democratic leaders, who faulted the bill because its 10-year cost of $155.5 billion will be added to the federal deficit.
The document summarizes the economics of state and local governments. It discusses how state governments are responsible for larger projects and services like prisons, while local governments focus on services like schools. It also discusses community groups and how they can empower citizens and work with elected officials during budgeting. The summary analyzes Philadelphia's budget constraints and how community groups could help ensure needs are met. It defines comparative advantage and assesses Philadelphia's advantages over other cities. Finally, it predicts how Governor Wolf may approach upcoming budget negotiations to meet priorities and whether certain issues like pensions will be addressed.
The House will meet on Monday and Tuesday to consider several pieces of legislation under suspension of the rules, with no votes expected. The Senate will resume consideration of the National Defense Authorization Act. The White House proposed a fiscal cliff deal including $1.6 trillion in tax increases and $600 billion in entitlement cuts, but Republicans rejected it as a non-starter due to high tax increases and insufficient entitlement reform details. Negotiations appear stalled as both sides hold firm in their positions on taxes and spending.
A primer with answers to all your questions about a federal government shutdown. Such as, What services are affected in a shutdown and how?, How would federal employees be affected?, Does a government shutdown save money?, and more.
The document provides an overview of state legislative activities in 2009 related to issues that affect the construction industry. Some key points:
- State budgets faced large deficits as revenues declined, which will dominate 2010 legislative sessions.
- 38 states considered legislation related to the proposed Employee Free Choice Act. Five states and two chambers passed measures opposing it.
- Only three states passed bills on hiring undocumented workers, with most states less active on immigration in 2009.
- 36 states examined independent contractor classifications and their tax implications. Several tightened requirements.
- Organized labor pushed to expand prevailing wage laws but were blocked in Iowa and Colorado. New Mexico tied rates to union contracts.
- 16 states debated project labor agreement issues, with
The document provides an overview of the performance of the 14th Congress of the Philippines in its first regular session. It discusses the bills passed, including 7 new laws, as well as priority bills that were not passed such as the extension of the Comprehensive Agrarian Reform Program. It also outlines the goals and priority legislative agenda put forward by various business and political groups for Congress. While some vital bills were passed, Congress faced criticism for failing to pass other key bills and extend important programs before adjourning its session.
The House will consider legislation related to the sequestration and continuing appropriations. The House will vote on combining FY2013 defense and military construction spending bills with a six-month continuing resolution for other agencies. The Senate may replace the continuing resolution with an omnibus appropriations bill. Upcoming hearings this week will address the impacts of sequestration on education, the environment, and transportation programs.
This document discusses retirement benefits for senior state officers in Kenya. It provides background on the rationale for providing pensions to public servants, including securing their independence and making public service an attractive career. In Kenya, different categories of civil servants have different pension schemes, and the government has persisted in maintaining multiple schemes. In 2003, Kenya passed a law providing generous retirement benefits for presidents. However, the law has been controversial and subject to attempts at amendment. The document examines issues around the constitutionality and sustainability of retirement benefits for senior officials in Kenya and other countries. It concludes by recommending reforms such as eliminating dual pension schemes and ensuring benefits are legally compliant and economically sustainable.
Deficit-Financed Extension of Research Tax Credits Gets Nod from HouseCBIZ, Inc.
Several days of hotly contested debate over legislation that would make the Code Sec. 41 research tax credit permanent gave way to a bipartisan vote for House passage on May 9. House lawmakers approved the American Research and Competitiveness Bill of 2014 (HR 4438) over the objections of Democratic leaders, who faulted the bill because its 10-year cost of $155.5 billion will be added to the federal deficit.
The document summarizes the economics of state and local governments. It discusses how state governments are responsible for larger projects and services like prisons, while local governments focus on services like schools. It also discusses community groups and how they can empower citizens and work with elected officials during budgeting. The summary analyzes Philadelphia's budget constraints and how community groups could help ensure needs are met. It defines comparative advantage and assesses Philadelphia's advantages over other cities. Finally, it predicts how Governor Wolf may approach upcoming budget negotiations to meet priorities and whether certain issues like pensions will be addressed.
The House will meet on Monday and Tuesday to consider several pieces of legislation under suspension of the rules, with no votes expected. The Senate will resume consideration of the National Defense Authorization Act. The White House proposed a fiscal cliff deal including $1.6 trillion in tax increases and $600 billion in entitlement cuts, but Republicans rejected it as a non-starter due to high tax increases and insufficient entitlement reform details. Negotiations appear stalled as both sides hold firm in their positions on taxes and spending.
A primer with answers to all your questions about a federal government shutdown. Such as, What services are affected in a shutdown and how?, How would federal employees be affected?, Does a government shutdown save money?, and more.
The document provides an overview of state legislative activities in 2009 related to issues that affect the construction industry. Some key points:
- State budgets faced large deficits as revenues declined, which will dominate 2010 legislative sessions.
- 38 states considered legislation related to the proposed Employee Free Choice Act. Five states and two chambers passed measures opposing it.
- Only three states passed bills on hiring undocumented workers, with most states less active on immigration in 2009.
- 36 states examined independent contractor classifications and their tax implications. Several tightened requirements.
- Organized labor pushed to expand prevailing wage laws but were blocked in Iowa and Colorado. New Mexico tied rates to union contracts.
- 16 states debated project labor agreement issues, with
The document provides an overview of the performance of the 14th Congress of the Philippines in its first regular session. It discusses the bills passed, including 7 new laws, as well as priority bills that were not passed such as the extension of the Comprehensive Agrarian Reform Program. It also outlines the goals and priority legislative agenda put forward by various business and political groups for Congress. While some vital bills were passed, Congress faced criticism for failing to pass other key bills and extend important programs before adjourning its session.
The House will consider legislation related to the sequestration and continuing appropriations. The House will vote on combining FY2013 defense and military construction spending bills with a six-month continuing resolution for other agencies. The Senate may replace the continuing resolution with an omnibus appropriations bill. Upcoming hearings this week will address the impacts of sequestration on education, the environment, and transportation programs.
MTBiz is for you if you are looking for contemporary information on business, economy and especially on banking industry of Bangladesh. You would also find periodical information on Global Economy and Commodity Markets.
Signature content of MTBiz is its Article of the Month (AoM), as depicted on Cover Page of each issue, with featured focus on different issues that fall into the wide definition of Market, Business, Organization and Leadership. The AoM also covers areas on Innovation, Central Banking, Monetary Policy, National Budget, Economic Depression or Growth and Capital Market. Scale of coverage of the AoM both, global and local subject to each issue.
MTBiz is a monthly Market Review produced and distributed by Group R&D, MTB since 2009.
Jobs, Innovation, and Opportunity in the StatesALEC
With unemployment remaining stubbornly high, and most Americans worrying about pocketbook issues like jobs, energy costs, retirement security, and health care affordability – ALEC releases its plan for Jobs, Innovation, and Opportunity. State lawmakers today face very difficult economic challenges. Since 1973, ALEC has focused on providing solutions to America’s biggest problems. State lawmakers can conquer today’s economic challenges by refocusing on our nation’s founding principles of limited government and free markets. The states, not Washington, D.C., must take the lead in restarting America’s economic engine and putting people back to work.
For more information, please visit www.alec.org.
Transportation Directions: Where Are We Heading? (Jack Basso) - ULI Fall Meet...Virtual ULI
Authorization of the next surface transportation bill has
languished in Congress. Learn about prospects for a
breakthrough and how states are dealing with continued
uncertainty and planning for a future with diminished federal
resources.
The American Recovery and Reinvestment Act authorized $787 billion to stimulate the US economy, with the majority of funds for nonprofits available through existing formula programs and new competitive grants listed online. President Obama's budget may reduce tax incentives for charitable contributions over $250,000 to fund health reforms, potentially costing nonprofits $1.63-7 billion annually in donations. Michigan faces a $1.3 billion state budget deficit for this fiscal year and next, with proposed cuts including elimination of the Department of History, Arts and Libraries.
Reporting on Pensions: 2010-2011 state legislationsabew
In 2010 and 2011, 41 states enacted legislation to reduce pension costs by increasing employee contributions, raising the age and service requirements for retirement, reducing post-retirement benefit increases, and lengthening vesting periods. While some states have replaced defined benefit plans with hybrid or defined contribution plans, most states have revised rather than replaced traditional plans. States have shifted more costs to employees through higher contributions and less generous benefits while seeking to balance pension funding with budget pressures.
The document summarizes key facts about Florida's public retirement plans:
1) The Florida Retirement System is financially sound and better funded than most other state plans.
2) Retirement plans allow retired Florida workers to support themselves rather than relying on other government programs, with the average annual payment being $18,000.
3) Retirement payments circulate in the Florida economy and support thousands of jobs.
Forcing new employees into defined contribution plans would cost taxpayers more and provide less retirement income than defined benefit plans. Significant changes have already reduced benefits for public employees. Retirement security for public workers benefits all Floridians.
This document summarizes the key issues discussed at the 2010 Louisiana Association of Business and Industry legislative conference. It outlines some positive tax changes that have been implemented as well as the state's budget shortfall projections. It also discusses workforce reductions, unemployment rates, federal climate change legislation concerns, and preferences for prioritizing jobs and the economy over federal health care expansion.
The document discusses the impacts of the Affordable Care Act (ACA) on rural America. It provides background on the National Rural Health Association and their role advocating for rural issues. It then summarizes the legal challenges to the ACA and the Supreme Court ruling in 2012 that upheld the individual mandate while limiting Medicaid expansion. The ruling determined Congress can use taxing powers to influence state programs but cannot take away all existing Medicaid funding from states that do not comply with the ACA's Medicaid provisions.
DECA Members: Obtaining Legislators' SupportDECA, Inc.
The document outlines how Career and Technical Education (CTE) and Career and Technical Student Organizations (CTSOs) such as DECA are supported through federal and state funding. It explains that state and federal legislators determine funding levels for CTE and are therefore the target audience. The presentation provides strategies for DECA chapters and state officers to educate and engage legislators to advocate for continued support of CTE and CTSOs.
1. Congress considered several bills related to employee benefits, including attempts to repeal the Affordable Care Act and shape the fiduciary rules. Legislation was also introduced to increase compliance with mental health parity rules.
2. Bills were introduced to modify the Cadillac tax by excluding HSA and FSA contributions from the calculation. Additional legislation proposed repealing or delaying the tax.
3. A bill was introduced that would expand eligibility and use of HSAs, such as allowing catch-up contributions to one shared HSA for married couples. The bill also aimed to exclude HSA contributions from Cadillac tax calculations.
The Common Sense Policy Roundtable is a non-partisan organization that provides information to policymakers and future leaders. It researches and promotes common sense solutions to economic issues in Colorado. The document discusses Colorado's fiscal policy challenges from 2006 to 2010, including reliance on one-time funding sources, rising health care costs that crowd out other priorities, and growth in state personnel costs despite private sector job losses. It proposes reforms such as restoring fiscal restraint, reforming entitlement programs and personnel costs, enhancing revenues through tax reform, and improving government efficiency.
This newsletter article discusses overtime rules for CBP employees as outlined in the collective bargaining agreement. It notes that overtime is first assigned to volunteers in order of earnings, then to non-volunteers in reverse order of earnings, with some exceptions such as not requiring overtime if an employee worked 16 hours the previous day. The article encourages employees who see violations of the overtime rules to file grievances to enforce contract provisions negotiated by NTEU. It also urges non-members to join NTEU.
Respiratory futures webinar: Pre-election healthcare policy special whats on ...Respiratory Futures
The document discusses healthcare policy and politics in the lead up to the UK general election. It provides an overview of the major parties' healthcare platforms, compares their stances on issues like funding and private sector involvement. It also analyzes polling data and predicts that the next government will be a Conservative majority or minority government, possibly with support from unionist parties in Northern Ireland. This would likely mean continued emphasis on integration with social care and multiple healthcare providers.
The presentation from the July 2 Rally for Freedom hosted by TCCRI in Plano, featuring Attorney General Greg Abbott and conservative state legislators. This presentation was delivered by TCCRI Executive Director John Colyandro.
The document summarizes notes from an informal meeting of the BCM legislative Working Group on May 20, 2014. It discusses concerns about the stability of laws, unclear country strategy, poor investor relations, and use of bond proceeds in Mongolia. Specifically, it notes laws on foreign investment have changed twice in recent years and lack of resolution on OT discussions raises questions about stability agreements. It stresses the need for clear, consistent messages, laws and actions to engage investors who have lost patience and attract others looking for investment opportunities in Mongolia.
Constituency dev fund cdf study whats wrongBhim Upadhyaya
CDFs allow MPs to directly allocate and spend funds in their constituencies, bypassing traditional budget processes. However, CDFs have several negative effects:
1. They breach the separation of powers by giving legislative bodies executive budget functions.
2. They can weaken government capacity by fragmenting planning and oversight, skewing resources based on political interests rather than need, and potentially displacing local government funds.
3. They compromise the legislature's ability to oversee the executive by involving MPs directly in budget execution rather than oversight. Overall, CDFs undermine accountability and priorities of service delivery.
Texas Legislative Update Presentation by Robert Pinhero of TANOGreenlights
The summary provides an overview of key bills and issues affecting nonprofits that were addressed by the Texas legislature in 2011:
- The legislature passed a bill continuing the state's nonprofit capacity-building task force and expanded its membership.
- Proposed bills that did not pass would have expanded the Attorney General's investigatory powers over nonprofits and implemented "PILOT" fees for nonprofits.
- Passed bills protected free speech rights of advocacy groups, limited disclosures required of nonprofits contracting with the state, and clarified regulations for food sales at nonprofit events.
On Thursday, June 24, the Alliance hosted a webinar titled Creating a High Performing Rural Continuum, Part II: Increasing Stakeholder Engagement & Strengthening Collaboration. This presentation from Melany Mondello and Scott Tibbits of the Maine Balance of State CoC goes over the communities key strategies and efforts.
The document is an email from John Tolman to legislative chairmen informing them that the recently passed Republican budget again targets Railroad Retirement Tier 1 benefits and aims to conform them to be equal to Social Security benefits, which would eliminate certain railroad retirement benefits and negatively impact the annuities of over 120,000 non-disabled employees, 90,000 spouses, and 62,000 disabled employees. Attached is a section from the budget report outlining various policy options including changes to railroad retirement.
This presentation provides an overview of the budget process, highlighting the roles of the President and the Congress and the timeline for drafting a budget resolution and enacting appropriations.
Presentation by Keith Hall, CBO Director, at the 10th Annual Meeting of the OECD Network of Parliamentary Budget Officials and Independent Fiscal Institutions.
The final rule from the Department of Labor expands access to "closed" multiple employer plans (MEPs) by allowing more groups and associations to sponsor them. Specifically, the rule allows local chambers of commerce, members in the same trade or line of business, professional employer organizations (PEOs), and businesses in the same state or city to band together to form closed MEPs. Closed MEPs allow members to pool resources for negotiating lower costs and share fiduciary responsibilities. The rule clarifies existing guidance and creates a new pathway for small businesses to provide retirement plans through association participation.
The document provides a history of multiple employer plans (MEPs) and pooled employer plans (PEPs) in the United States, and discusses the potential for future growth. It notes that MEPs date back to the early 20th century but saw renewed interest starting in the 2000s. Key events driving more MEP development included legislation requiring professional employer organizations to convert plans to the MEP structure. However, the Department of Labor placed restrictions on "open MEPs" involving unrelated employers through guidance in 2002-2004. Recent bipartisan legislative efforts aim to further expand MEP options through proposals like the PEP model. The consensus is that favorable MEP legislation will eventually pass, restarting interest in a "second gold rush" for
MTBiz is for you if you are looking for contemporary information on business, economy and especially on banking industry of Bangladesh. You would also find periodical information on Global Economy and Commodity Markets.
Signature content of MTBiz is its Article of the Month (AoM), as depicted on Cover Page of each issue, with featured focus on different issues that fall into the wide definition of Market, Business, Organization and Leadership. The AoM also covers areas on Innovation, Central Banking, Monetary Policy, National Budget, Economic Depression or Growth and Capital Market. Scale of coverage of the AoM both, global and local subject to each issue.
MTBiz is a monthly Market Review produced and distributed by Group R&D, MTB since 2009.
Jobs, Innovation, and Opportunity in the StatesALEC
With unemployment remaining stubbornly high, and most Americans worrying about pocketbook issues like jobs, energy costs, retirement security, and health care affordability – ALEC releases its plan for Jobs, Innovation, and Opportunity. State lawmakers today face very difficult economic challenges. Since 1973, ALEC has focused on providing solutions to America’s biggest problems. State lawmakers can conquer today’s economic challenges by refocusing on our nation’s founding principles of limited government and free markets. The states, not Washington, D.C., must take the lead in restarting America’s economic engine and putting people back to work.
For more information, please visit www.alec.org.
Transportation Directions: Where Are We Heading? (Jack Basso) - ULI Fall Meet...Virtual ULI
Authorization of the next surface transportation bill has
languished in Congress. Learn about prospects for a
breakthrough and how states are dealing with continued
uncertainty and planning for a future with diminished federal
resources.
The American Recovery and Reinvestment Act authorized $787 billion to stimulate the US economy, with the majority of funds for nonprofits available through existing formula programs and new competitive grants listed online. President Obama's budget may reduce tax incentives for charitable contributions over $250,000 to fund health reforms, potentially costing nonprofits $1.63-7 billion annually in donations. Michigan faces a $1.3 billion state budget deficit for this fiscal year and next, with proposed cuts including elimination of the Department of History, Arts and Libraries.
Reporting on Pensions: 2010-2011 state legislationsabew
In 2010 and 2011, 41 states enacted legislation to reduce pension costs by increasing employee contributions, raising the age and service requirements for retirement, reducing post-retirement benefit increases, and lengthening vesting periods. While some states have replaced defined benefit plans with hybrid or defined contribution plans, most states have revised rather than replaced traditional plans. States have shifted more costs to employees through higher contributions and less generous benefits while seeking to balance pension funding with budget pressures.
The document summarizes key facts about Florida's public retirement plans:
1) The Florida Retirement System is financially sound and better funded than most other state plans.
2) Retirement plans allow retired Florida workers to support themselves rather than relying on other government programs, with the average annual payment being $18,000.
3) Retirement payments circulate in the Florida economy and support thousands of jobs.
Forcing new employees into defined contribution plans would cost taxpayers more and provide less retirement income than defined benefit plans. Significant changes have already reduced benefits for public employees. Retirement security for public workers benefits all Floridians.
This document summarizes the key issues discussed at the 2010 Louisiana Association of Business and Industry legislative conference. It outlines some positive tax changes that have been implemented as well as the state's budget shortfall projections. It also discusses workforce reductions, unemployment rates, federal climate change legislation concerns, and preferences for prioritizing jobs and the economy over federal health care expansion.
The document discusses the impacts of the Affordable Care Act (ACA) on rural America. It provides background on the National Rural Health Association and their role advocating for rural issues. It then summarizes the legal challenges to the ACA and the Supreme Court ruling in 2012 that upheld the individual mandate while limiting Medicaid expansion. The ruling determined Congress can use taxing powers to influence state programs but cannot take away all existing Medicaid funding from states that do not comply with the ACA's Medicaid provisions.
DECA Members: Obtaining Legislators' SupportDECA, Inc.
The document outlines how Career and Technical Education (CTE) and Career and Technical Student Organizations (CTSOs) such as DECA are supported through federal and state funding. It explains that state and federal legislators determine funding levels for CTE and are therefore the target audience. The presentation provides strategies for DECA chapters and state officers to educate and engage legislators to advocate for continued support of CTE and CTSOs.
1. Congress considered several bills related to employee benefits, including attempts to repeal the Affordable Care Act and shape the fiduciary rules. Legislation was also introduced to increase compliance with mental health parity rules.
2. Bills were introduced to modify the Cadillac tax by excluding HSA and FSA contributions from the calculation. Additional legislation proposed repealing or delaying the tax.
3. A bill was introduced that would expand eligibility and use of HSAs, such as allowing catch-up contributions to one shared HSA for married couples. The bill also aimed to exclude HSA contributions from Cadillac tax calculations.
The Common Sense Policy Roundtable is a non-partisan organization that provides information to policymakers and future leaders. It researches and promotes common sense solutions to economic issues in Colorado. The document discusses Colorado's fiscal policy challenges from 2006 to 2010, including reliance on one-time funding sources, rising health care costs that crowd out other priorities, and growth in state personnel costs despite private sector job losses. It proposes reforms such as restoring fiscal restraint, reforming entitlement programs and personnel costs, enhancing revenues through tax reform, and improving government efficiency.
This newsletter article discusses overtime rules for CBP employees as outlined in the collective bargaining agreement. It notes that overtime is first assigned to volunteers in order of earnings, then to non-volunteers in reverse order of earnings, with some exceptions such as not requiring overtime if an employee worked 16 hours the previous day. The article encourages employees who see violations of the overtime rules to file grievances to enforce contract provisions negotiated by NTEU. It also urges non-members to join NTEU.
Respiratory futures webinar: Pre-election healthcare policy special whats on ...Respiratory Futures
The document discusses healthcare policy and politics in the lead up to the UK general election. It provides an overview of the major parties' healthcare platforms, compares their stances on issues like funding and private sector involvement. It also analyzes polling data and predicts that the next government will be a Conservative majority or minority government, possibly with support from unionist parties in Northern Ireland. This would likely mean continued emphasis on integration with social care and multiple healthcare providers.
The presentation from the July 2 Rally for Freedom hosted by TCCRI in Plano, featuring Attorney General Greg Abbott and conservative state legislators. This presentation was delivered by TCCRI Executive Director John Colyandro.
The document summarizes notes from an informal meeting of the BCM legislative Working Group on May 20, 2014. It discusses concerns about the stability of laws, unclear country strategy, poor investor relations, and use of bond proceeds in Mongolia. Specifically, it notes laws on foreign investment have changed twice in recent years and lack of resolution on OT discussions raises questions about stability agreements. It stresses the need for clear, consistent messages, laws and actions to engage investors who have lost patience and attract others looking for investment opportunities in Mongolia.
Constituency dev fund cdf study whats wrongBhim Upadhyaya
CDFs allow MPs to directly allocate and spend funds in their constituencies, bypassing traditional budget processes. However, CDFs have several negative effects:
1. They breach the separation of powers by giving legislative bodies executive budget functions.
2. They can weaken government capacity by fragmenting planning and oversight, skewing resources based on political interests rather than need, and potentially displacing local government funds.
3. They compromise the legislature's ability to oversee the executive by involving MPs directly in budget execution rather than oversight. Overall, CDFs undermine accountability and priorities of service delivery.
Texas Legislative Update Presentation by Robert Pinhero of TANOGreenlights
The summary provides an overview of key bills and issues affecting nonprofits that were addressed by the Texas legislature in 2011:
- The legislature passed a bill continuing the state's nonprofit capacity-building task force and expanded its membership.
- Proposed bills that did not pass would have expanded the Attorney General's investigatory powers over nonprofits and implemented "PILOT" fees for nonprofits.
- Passed bills protected free speech rights of advocacy groups, limited disclosures required of nonprofits contracting with the state, and clarified regulations for food sales at nonprofit events.
On Thursday, June 24, the Alliance hosted a webinar titled Creating a High Performing Rural Continuum, Part II: Increasing Stakeholder Engagement & Strengthening Collaboration. This presentation from Melany Mondello and Scott Tibbits of the Maine Balance of State CoC goes over the communities key strategies and efforts.
The document is an email from John Tolman to legislative chairmen informing them that the recently passed Republican budget again targets Railroad Retirement Tier 1 benefits and aims to conform them to be equal to Social Security benefits, which would eliminate certain railroad retirement benefits and negatively impact the annuities of over 120,000 non-disabled employees, 90,000 spouses, and 62,000 disabled employees. Attached is a section from the budget report outlining various policy options including changes to railroad retirement.
This presentation provides an overview of the budget process, highlighting the roles of the President and the Congress and the timeline for drafting a budget resolution and enacting appropriations.
Presentation by Keith Hall, CBO Director, at the 10th Annual Meeting of the OECD Network of Parliamentary Budget Officials and Independent Fiscal Institutions.
The final rule from the Department of Labor expands access to "closed" multiple employer plans (MEPs) by allowing more groups and associations to sponsor them. Specifically, the rule allows local chambers of commerce, members in the same trade or line of business, professional employer organizations (PEOs), and businesses in the same state or city to band together to form closed MEPs. Closed MEPs allow members to pool resources for negotiating lower costs and share fiduciary responsibilities. The rule clarifies existing guidance and creates a new pathway for small businesses to provide retirement plans through association participation.
The document provides a history of multiple employer plans (MEPs) and pooled employer plans (PEPs) in the United States, and discusses the potential for future growth. It notes that MEPs date back to the early 20th century but saw renewed interest starting in the 2000s. Key events driving more MEP development included legislation requiring professional employer organizations to convert plans to the MEP structure. However, the Department of Labor placed restrictions on "open MEPs" involving unrelated employers through guidance in 2002-2004. Recent bipartisan legislative efforts aim to further expand MEP options through proposals like the PEP model. The consensus is that favorable MEP legislation will eventually pass, restarting interest in a "second gold rush" for
Bond briefing on lobbying bill summary final 09 sept 2013arosebond
The document discusses the Transparency of Lobbying, Non Party Campaigning and Trade Union Administration Bill introduced by the UK government. It summarizes concerns that the bill is flawed and could restrict civil society groups from campaigning on issues in the year before elections. The organization Bond is calling on the government to put the bill on hold and conduct wide consultations with interested parties to develop regulations that balance transparency while still allowing democratic participation.
Bond briefing-lobbying-bill-final 08 sept 2013arosebond
The document discusses a proposed bill called the Transparency of Lobbying, Non Party Campaigning and Trade Union Administration Bill. It summarizes concerns that have been raised about the bill, including that it was introduced with very little consultation and risks undermining democratic participation through excessive regulation of civil society groups. The document outlines specific concerns that the bill's restrictions could prevent charities and NGOs from campaigning on important issues in the year before elections and make it difficult for them to understand and comply with the complex rules. It calls for the bill to be put on hold to allow more consultation and input from affected groups.
This document provides a checklist of laws that may be relevant to payment systems and financial regulation. It asks whether the country has acts that govern the central bank, payment systems, electronic money, anti-money laundering, competition, consumer protection, and data privacy. Understanding these laws is important for determining what entities can participate in payment schemes and how they are regulated. The document provides brief explanations of why each type of law is important and hints on where to find the relevant information.
Tracking legislation enables organizations to limit their
exposure to such costs. With early notification of
emerging measures, organizations can have an impact
on the legislative process well before those measures
become law and related rules are adopted.
ECON 301 Week 5 DiscussionsGroup 2 US Trade PolicySummaryFor.docxjack60216
ECON 301 Week 5 Discussions
Group 2 US Trade Policy
Summary
For our group project we have decided to research, analyze, and formulate an argument on the World Trade Organization (WTO) in regards to the US Trade Policy. In our paper we have discussed what WTO stands for and the goal of this organization. We have also addressed the latest form of trade negotiations among the WTO membership – Doha Development Round and the controversial topics of protectionism and free trade. Among the research we have performed, we as a group have come to a conclusion that we support this organization. Although there are incomplete developments that still need to be addressed, we continue to support this organization because of the fact that numerous nations come together in order to reform these conflicts.
Questions:
1. What makes free trade a better option than protectionism for the economic situation in the US?
2. What consequences would the WTO face if they acted unethically given their power?
Group 3 US Fiscal Policy
Fiscal Policy refers to the practice of monitoring spending levels and tax rates to try and influence our economy. Before the Great Depression, which started in the late twenties, our government had a hands off approach to the economy or a laissez-faire approach. After the Second World War it was deemed necessary for the government to become involved in our economy. (Heakal, Reem) They decided this would be necessary in order to attempt to influence unemployment, the business cycle and inflation. Of course there are many different ideas on the best approach and way to accomplish this.
The government takes initiative in trying to regulate unemployment, unemployment benefits, and taxation. They do this through the use of what is known as automatic stabilizers, which are programs and policies meant to balance fluctuations in the economy. During a recession, automatic stabilizers are expanded, and during an economic boom, the automatic stabilizers are reduced. An example of this would be unemployment benefits (David Weil). When there is a recession and unemployment is high, the government spends more money on unemployment benefits, whereas when the unemployment is low, the government spends less money on unemployment benefits. According to William J. Carrington, an analyst of the Congressional budget office, some of the fiscal policies used to reduce unemployment include household assistance (reducing employees’ taxes, increased unemployment insurance expenditures, and more refundable tax), business assistance, and financial aid to the states. Carrington also shows that to reduce unemployment, unemployment benefit policies must be modified such as an extension to the duration of benefits, reemployment bonuses, and offering wage insurance. Fiscal Policy can also be used to influence new ideas like those in alternative energies.
The United States government often tries to finds ways to stimulate the economy while looking towards its future. T ...
This document discusses how Multiple Employer Plans (MEPs) can help provide retirement plans to uncovered workers, especially those employed by small businesses. It notes that about one-third of private sector workers currently do not have access to employer-sponsored retirement benefits. MEPs allow small businesses to pool resources and administrative functions, achieving economies of scale similar to large plans. Proposed legislation would make MEPs more accessible by removing commonality requirements among participating employers. MEPs have the potential to significantly increase retirement plan coverage for workers currently without access to benefits.
The document proposes simplifying legal forms for small businesses and non-profits by introducing:
1) A new legal entity called an Incorporated Organisation (IO) to serve as a simplified corporate form for small for-profit and non-profit groups.
2) A Charitable Incorporated Organisation (CIO) category for charities and related non-profits.
3) Two new pieces of legislation - an Incorporated Organisations Act and a Charities Act - along with a new federal regulator called the Registrar of Incorporated Organisations. This would provide a simpler framework than the existing Corporations Act.
Week 2 DQPolicy and Legislation Examples.docxcelenarouzie
This document provides examples of federal policies and legislation to illustrate how federalism plays a role. It lists several major federal acts like the Controlled Substance Act, Gun Control Act, Every Student Succeeds Act, Civil Rights Act, Higher Education Act, Affordable Care Act, and Lilly Ledbetter Fair Pay Act. It notes the federal agency responsible for upholding or enforcing each one. It also provides context on federalism being covered in the textbook and guidance videos for the class. The document aims to help students select a policy or legislation for a discussion assignment and final paper that must address federalism.
The document discusses healthcare reform and its potential repeal. It notes that while repeal seems out of reach currently, many aspects of the law have already taken effect. These include eliminating pre-existing condition exclusions for children, covering dependents until age 26, and minimum loss ratios for insurance companies. The document also discusses the costs and implementation of state health insurance exchanges. It provides the perspective of the author who has advised on the impacts of healthcare reform.
Senate Finance Committee Asks Members to Communicate Tax Reform PrioritiesPatton Boggs LLP
The Senate Finance Committee is asking Senators to submit proposals by July 26th detailing which tax expenditures should be maintained, repealed, or added as part of tax reform efforts. The Committee intends to take a "blank slate" approach and eliminate all special tax provisions unless there is clear evidence they help the economy, make the tax code fairer, or promote other policy objectives. Both the Senate Finance Committee and House Ways and Means Committee are committed to fundamental tax reform legislation within the next year before certain Chairmen leave their positions.
Kelly Influence of interest groups on public policyhttp.docxDIPESH30
Kelly
Influence of interest groups on public policy
http://www.publicintegrity.org/2000/09/05/3272/commentary-lawsuit-against-clean-air-act-members-congress (Links to an external site.)
One way interest groups influence public policy is simply with the reputation their group (or members) displays. There are many different ways this can be done but typically these are institutional groups such as the church (178). This website is an article is about the interest group, House Committee on Energy and Commerce and their hand in a victory in court against the Clean Air Act. Although there is some conflict in this article as whether or not these lobbyists’ actions were ethical, it shows that well known lobbyists can have great influence on decision making. These men made it a point to have their prestigious law firms posted on the briefs they prepared, a way of trying to show their influence to the cause. Peters describes this as “their actions are legitimated through the prestige of the institution” (178).
https://www.whitehouse.gov/photos-and-video/video/limiting-influence-special-interests#transcript (Links to an external site.)
This website has the remarks by President Obama about the Disclose Act. This act would force corporate political advertisers to disclose where they get their funding during the time when their special interests were campaigning. Although this is generally not about the process of public policy I felt like it is a good example of limiting interest groups of their influence and to what extent the limit has impact. Peters discusses this idea when he states how important access to the political process and influence is to interest groups and when limited conflict between the two can arise (170-171). Ideas of corporatism are also within this example. Corporatism restricts the number on interest groups involved in the policy process (171).
http://www.c-span.org/video/?65467-1/policy-media-strategies (Links to an external site.)
One of the most powerful ways interest groups influence public policy is going straight to the public. Interest groups go out to neighborhoods and businesses or hold forums to spread the word on the topic at hand. Another popular way with interest groups to reach the public is with marches. Protests are also used by interest groups to get their point across. These actions are in Peters’ book where he states that things causing conflict, such as the possibility with protests or marches, are what will bring light to policy needs and potential solutions (174-175). The website is a video on C-Span on how interest groups and politicians try to get support from the public.
Julio
WK 2 Websites Discussion
Topics: Influence of interest groups on public policy & Government regulation of business
Website #1 presents a government agency’s tool developed to assist the public in dealing with business related regulation.
https://www.sba.gov/category/navigation-structure/starting-managing-busine ...
Safeguarding the Interests of the People Parliamentarians and Aid EffectivenessDr Lendy Spires
This publication is the result of coopera-tion between the Association of European Parliamentarians for Africa (AWEPA) and Mokoro Consulting in early 2009. It was written upon completion of the first phase of the programme Engaging Parliamentar-ians in the Aid Effectiveness Debate, which was co-funded by the Swedish International Development Cooperation Agency (SIDA) and the Deutsche Gesellschaft für Tech-nische Zusammenarbeit (GTZ) on behalf of the Government of the Federal Repub-lic of Germany. The content of the booklet draws upon AWEPA’s experience over the past year in supporting and monitoring par-liamentary involvement in the OECD-led (Organisation for Economic Co-operation and Development) reform of the interna-tional aid architecture. It has been drafted at the request of African parliamentarians from across the continent, who have made it a priority to become more involved in this process- a process from which they have often been marginalized or overlooked. It aims to give those new to the subject an overview of the technical background of aid delivery, bring to light what is expected of partner country parliamentarians as a re-sult of their government’s commitment to the 2005 Paris Declaration and the 2008 Accra Agenda for Action (AAA), and open the doors for proactive parliamentarians to make a difference in effective aid delivery. It is also hoped that this booklet will set par-liamentarians in Europe and Africa alike on the path towards the realisation of the vi-sion outlined by Professor Turok (MP South Introduction “If we have a team of two donor country parlia-mentarians, well informed, backed with documents, meeting with a team of partner country parliamentar-ians to check where donor funding has actually gone, we will come closer to the answers. They will work to capture the answers to all the right questions: how much was spent? What was done? And what were the mecha-nisms involved? Any discrepancies in these answers can then be raised with the Minister of Finance at home. In the name of transparency, these results should be pre-sented in a press conference providing citizens across the globe with the information they’ve been asking for. Ideally, participating MPs would then travel to the do-nor country and discuss future ODA priorities for their country along with donor MPs and Donor Development Agencies.” –Ben Turok, MP South Africa, 2009
This document provides recommendations for improving financial planning through retirement. It discusses key issues such as consumers not always being rational or engaged in long-term planning. It recommends regulating based on actual consumer behavior rather than ideal behavior. Improving financial education and ensuring advice is available and affordable is emphasized. The roles of employers, government, regulators and industry in helping consumers better plan and manage finances in retirement are examined. Specific recommendations include reviewing financial education programs, promoting retirement advice in the workplace, clarifying guidance for advisers, and taking a holistic view of retirement needs in policymaking.
This document summarizes lobbying regulation in Mexico. It outlines the current rules governing lobbying activities in the House of Representatives and Senate. Recent modifications were made in 2013 during debate over fiscal reform, increasing restrictions and oversight. However, issues remain around the scope of regulation and ensuring transparency. Options for improving the framework include implementing an integrity authority, consolidating registration systems, and developing a draft lobbying law addressing both legislative and executive branches based on international best practices.
Response one PADM--04The authors feel that welfare should be ba.docxronak56
Response one PADM--04
The authors feel that welfare should be based on fairness and compassion. Those that need aid and are not able to get it for themselves should receive it. If it is an adult who can help themselves, but they are unwilling to take the necessary steps to support themselves then they should not receive any aid. The current welfare system enables non-working individuals that are receiving aide, and require no constructive behavior in return (Rector, 2018). The food stamp program is in need of reform, The Supplemental Nutrition Assistance Program (SNAP) Reform Act of 2017 exemplify a proven and popular reform that stabilize the principles of compassion and fairness (Rector, 2018).
Evaluative criteria that were used to analyze the points made in the article are efficiency, equity, effectiveness, and social acceptability. Poles taken in 2012 and 2015 showed that 83% of Americans are in favor of adults who are receiving well fare assistance to work. The results were socially acceptable with bipartisan support. Both sides agreed that an able-bodied adult with no dependents receiving food, cash, medical assistance, and housing should be required to work or prepare themselves to enter the workforce as a condition of them receiving those benefits from the government (Rector, 2018). The costs and benefits to society in the equity is that by reforming the federal welfare policy and basing it on fairness and compassion it will distribute a level of fairness and benefit society. The program is efficient by limiting abled bodied adults without dependents to three months of benefits within a 36-month period. After an individual complete the 3 months of receiving government assistance they would be subject to work requirements of at least 20 hours per week of work performing community service or participating in a qualifying education or training program. The effectiveness of the program was pointed out when the program was introduced in Maine many adults chose to leave the program rather than participate in moderate activities. The caseload in Maine of able-bodied adults without dependents fell from 13,332 in December 2014 to 2,678 recipients in March 2015 (Rector, 2015), according to the author this could be and an indicator that these adults had unreported income that they used to support themselves.
The alternatives for abled body adults without dependents is eliminating the waivers for work requirements. The current policy has a lot of alternatives that are already in place and a common-sense reform to put them in effect. Requiring abled body adults to work and limiting the number of benefits that they receive if they are not working, participating in other work, or educational activity is in the current law. States currently grant waivers and exemptions for able-bodied adults from the work requirement, that should be incrementally reduced. If they are willing they should have supervised job search activities that will satisfy ...
Nhi and medical schemes amendment bill announcement minister's speechSABC News
Dr. Aaron Motsoaledi, the Minister of Health, held a press conference to discuss two bills - the Medical Schemes Amendment Bill and the National Health Insurance (NHI) Bill. He first discussed amendments to the Medical Schemes Act, including abolishing co-payments, brokers, and replacing prescribed minimum benefits with comprehensive services. He then briefly introduced the NHI Bill, and took questions on both bills. The amendments aim to provide relief to patients struggling with costs and align the current system with the future NHI system.
EveryIncome provides an online platform that delivers a personalized financial wellness platform to clients of financial professionals. The platform educates investors on how to navigate major life events through personalized dashboards, educational content, financial tools and calculators, and contact with the financial professional. It aims to give everyone access to personalized financial freedom and guidance through a simple to use, time and money saving platform customized for each professional. The founder believes online platforms effectively combine creativity and strategy to provide a return on investment while engaging their audience.
Managing Your Clients' Workplace Retirement Accounts Pre-rollover w ith absca...The 401k Study Group ®
Managing workplace retirement accounts before rollover allows advisors to (1) provide active professional management that replaces one-time allocations, (2) incorporate the accounts into overall client financial plans, and (3) expand their business by offering solutions for pre-retiree clients. Advisors can help clients while still employed, earn fees now on significant assets, and have fees directly deducted without being the official plan representative.
Ubiquity Retirement + Savings offers financial advisors a way to provide retirement plans to their clients. 401(k) plans through Ubiquity provide high contribution limits, tax savings for businesses and employees, and zero hidden fees. Ubiquity also supports advisors with a dedicated partnership team, webinars and training, and facilitates advisory fee processing to save advisors time. Partnering with Ubiquity allows advisors to retain existing clients, attract new ones, gain a competitive advantage, and partner with retirement savings experts who handle plan details.
Defined contribution (DC) plan sponsors face increasingly complex issues. Russell Investments has developed a priority list of eight ideas and actions to help plan sponsors guide their participants toward better decision-making as they save for retirement.
Defined contribution (DC) plans have replaced defined benefit (DB) plans as the primary source of retirement income for employees. Unlike DB plans where employers fund retirement, DC plans require individuals to determine contribution rates and manage investments. While popular, DC plans have not proven as successful as DB plans in providing sustainable lifetime income in retirement. Low interest rates negatively impact DC plan participants' ability to fund retirement income goals, as it increases the present value of those goals. Interruptions to funding sources, like suspended employee contributions or employer matches during the pandemic, can significantly reduce retirement savings and readiness.
ForceManager is a CRM tool tailored for 401(k) advisors that combines robust client management features with plan data and reports from ERISApedia. It allows users to search and analyze 5500 plan data, build prospect lists using detailed plan information, and includes features like geo-located mapping of plan sponsors, pipeline management, reporting, and an AI voice assistant. ForceManager is offered in Essential, Premium, and Enterprise pricing tiers and claims to help users increase sales activity, save time on administrative tasks, and gain more customer insights.
Today’s increasingly complex investment and regulatory landscape places greater pressure on the plan sponsors and fiduciaries overseeing defined contribution plans. Fiduciaries are not only re-examining their current investment decision-making practices, they are also seeking to ensure that those practices allow for enough flexibility in implementation to maximize the likelihood of investment success, while protecting the plan sponsor from potential litigation.
Central to the idea of a well-managed program, a clearly articulated investment policy statement (IPS) serves as the foundation of sound governance and a robust oversight process
DC plans have largely failed to adequately prepare U.S. workers for retirement, leaving many relying solely on Social Security. By 2025, more employers are expected to adopt characteristics of successful pension plans to help employees create a fully funded retirement income stream. This includes improving investment governance, increasing savings contributions, utilizing more efficient portfolios, and providing tools to help employees translate savings into reliable monthly retirement income to replace lost pensions.
When sponsoring a retirement plan, a company's goal is to offer valuable benefits to employees but managing the plan can be burdensome for employers due to the expertise, time, and legal risks required. By delegating plan administration to an independent fiduciary like AdvisorTrust, sponsors can relieve this burden while ensuring compliance with ERISA. AdvisorTrust works with PCS to provide fiduciary outsourcing services that take responsibility for key administrative tasks like testing, notices, enrollments, contributions and distributions to protect sponsors from fiduciary liability.
The document outlines 7 attributes of an excellent defined contribution retirement plan compared to an average plan. It discusses each attribute in detail and provides actions plans can take to improve. The key attributes of an excellent plan include having a retirement income mindset and measuring success based on income replacement goals, reducing investment decisions for participants through broad fund options, automatically enrolling most participants in professionally managed asset allocation solutions, encouraging double-digit contribution rates through automatic escalation and company matching, retaining assets of retiring participants in the plan, providing post-retirement income options, and integrating financial wellness programs beyond just education.
As a plan fiduciary, there are seven simple truths sponsors should know: (1) fiduciaries exercise discretion over plan/asset management and provide investment recommendations; (2) fiduciaries can delegate responsibilities to experts to minimize risk and liability; (3) sponsors are responsible for selecting advisors, providers, and plan features to help employees retire; (4) fiduciaries must understand and monitor all plan fees to ensure they are reasonable; (5) sponsors should benchmark service providers and regularly ask questions; (6) an investment policy statement and committee should guide investment decisions; (7) ongoing monitoring of performance and providers is needed to ensure the plan meets expectations.
PEPs (Pooled Employer Plans) allow unaffiliated employers to join a 401(k) retirement plan sponsored by a third-party administrator. PEPs offer lower fees through cost sharing among participating employers. They also provide simplicity by outsourcing 401(k) tasks to a single provider and reducing employer liability. When choosing a PEP, employers should examine plan fees, available technology and tools, provider reputation, service agreements, and customization options to find the best fit.
This document discusses the responsibilities of fiduciaries for retirement plans. It notes that fiduciaries must act solely in the interests of plan participants, carry out their duties prudently, follow plan documents, diversify investments, and pay only reasonable expenses. As a fiduciary, you are obligated to prudently select and monitor plan investments and investment options. The document also provides statistics about funds restored to employee benefit plans and participants by the Employee Benefits Security Administration in the 2019 fiscal year.
This document is an assessment for plan administrators of 401(k) plans to determine if outsourcing fiduciary responsibilities would be beneficial. It notes that by signing as the named plan administrator, one accepts fiduciary responsibility for over 50 tasks related to operating the retirement plan. It then lists out various plan oversight duties and asks the administrator to identify if they are confident and able to fulfill these responsibilities themselves or if outsourcing could help. The document concludes by noting that outsourcing non-payroll related 401(k) tasks could save significant time for the plan administrator.
This document provides key questions for maximizing a defined benefit plan. It asks about how interest rates affect plan costs and liabilities, the organization's funding policy, the relationship between funding ratios and investment strategy, whether the investment strategy aligns plan assets with future benefits, the potential impact of increased lifespans on costs, managing PBGC premium costs, making administration more efficient, outsourcing fiduciary responsibility, reducing funding volatility and required contributions through investment strategy, and considering de-risking strategies like annuitization and lump sum windows.
While many assume the greatest source of retirement plan liability is the plan’s investments, in reality, the vast
majority of lawsuits and regulatory actions involve failures in administration.
PlanToolsTM, a provider of retirement plan software and services, announced a partnership with The 401k Study Group® to help with marketing, branding, and advisor outreach. The 401k Study Group® will assist with digital distribution and content creation to reach more advisors and grow PlanToolsTM. Since acquiring PlanToolsTM in 2009, CEO David Witz has expanded their offerings and customer base. He believes teaming up with The 401k Study Group®'s experience in the field will help PlanToolsTM and their clients achieve exceptional growth in the competitive retirement plan market.
The Rise and Fall of Ponzi Schemes in America.pptxDiana Rose
Ponzi schemes, a notorious form of financial fraud, have plagued America’s investment landscape for decades. Named after Charles Ponzi, who orchestrated one of the most infamous schemes in the early 20th century, these fraudulent operations promise high returns with little or no risk, only to collapse and leave investors with significant losses. This article explores the nature of Ponzi schemes, notable cases in American history, their impact on victims, and measures to prevent falling prey to such scams.
Understanding Ponzi Schemes
A Ponzi scheme is an investment scam where returns are paid to earlier investors using the capital from newer investors, rather than from legitimate profit earned. The scheme relies on a constant influx of new investments to continue paying the promised returns. Eventually, when the flow of new money slows down or stops, the scheme collapses, leaving the majority of investors with substantial financial losses.
Historical Context: Charles Ponzi and His Legacy
Charles Ponzi is the namesake of this deceptive practice. In the 1920s, Ponzi promised investors in Boston a 50% return within 45 days or 100% return in 90 days through arbitrage of international reply coupons. Initially, he paid returns as promised, not from profits, but from the investments of new participants. When his scheme unraveled, it resulted in losses exceeding $20 million (equivalent to about $270 million today).
Notable American Ponzi Schemes
1. Bernie Madoff: Perhaps the most notorious Ponzi scheme in recent history, Bernie Madoff’s fraud involved $65 billion. Madoff, a well-respected figure in the financial industry, promised steady, high returns through a secretive investment strategy. His scheme lasted for decades before collapsing in 2008, devastating thousands of investors, including individuals, charities, and institutional clients.
2. Allen Stanford: Through his company, Stanford Financial Group, Allen Stanford orchestrated a $7 billion Ponzi scheme, luring investors with fraudulent certificates of deposit issued by his offshore bank. Stanford promised high returns and lavish lifestyle benefits to his investors, which ultimately led to a 110-year prison sentence for the financier in 2012.
3. Tom Petters: In a scheme that lasted more than a decade, Tom Petters ran a $3.65 billion Ponzi scheme, using his company, Petters Group Worldwide. He claimed to buy and sell consumer electronics, but in reality, he used new investments to pay off old debts and fund his extravagant lifestyle. Petters was convicted in 2009 and sentenced to 50 years in prison.
4. Eric Dalius and Saivian: Eric Dalius, a prominent figure behind Saivian, a cashback program promising high returns, is under scrutiny for allegedly orchestrating a Ponzi scheme. Saivian enticed investors with promises of up to 20% cash back on everyday purchases. However, investigations suggest that the returns were paid using new investments rather than legitimate profits. The collapse of Saivian l
New Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy VisaAmit Kakkar
Discover essential details about Thailand's recent visa policy changes, tailored for tourists and students. Amit Kakkar Easy Visa provides a comprehensive overview of new requirements, application processes, and tips to ensure a smooth transition for all travelers.
How to Invest in Cryptocurrency for Beginners: A Complete GuideDaniel
Cryptocurrency is digital money that operates independently of a central authority, utilizing cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies are decentralized and typically operate on a technology called blockchain. Each cryptocurrency transaction is recorded on a public ledger, ensuring transparency and security.
Cryptocurrencies can be used for various purposes, including online purchases, investment opportunities, and as a means of transferring value globally without the need for intermediaries like banks.
South Dakota State University degree offer diploma Transcriptynfqplhm
办理美国SDSU毕业证书制作南达科他州立大学假文凭定制Q微168899991做SDSU留信网教留服认证海牙认证改SDSU成绩单GPA做SDSU假学位证假文凭高仿毕业证GRE代考如何申请南达科他州立大学South Dakota State University degree offer diploma Transcript
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck mari...Donc Test
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
KYC Compliance: A Cornerstone of Global Crypto Regulatory FrameworksAny kyc Account
This presentation explores the pivotal role of KYC compliance in shaping and enforcing global regulations within the dynamic landscape of cryptocurrencies. Dive into the intricate connection between KYC practices and the evolving legal frameworks governing the crypto industry.
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
13 Jun 24 ILC Retirement Income Summit - slides.pptxILC- UK
ILC's Retirement Income Summit was hosted by M&G and supported by Canada Life. The event brought together key policymakers, influencers and experts to help identify policy priorities for the next Government and ensure more of us have access to a decent income in retirement.
Contributors included:
Jo Blanden, Professor in Economics, University of Surrey
Clive Bolton, CEO, Life Insurance M&G Plc
Jim Boyd, CEO, Equity Release Council
Molly Broome, Economist, Resolution Foundation
Nida Broughton, Co-Director of Economic Policy, Behavioural Insights Team
Jonathan Cribb, Associate Director and Head of Retirement, Savings, and Ageing, Institute for Fiscal Studies
Joanna Elson CBE, Chief Executive Officer, Independent Age
Tom Evans, Managing Director of Retirement, Canada Life
Steve Groves, Chair, Key Retirement Group
Tish Hanifan, Founder and Joint Chair of the Society of Later life Advisers
Sue Lewis, ILC Trustee
Siobhan Lough, Senior Consultant, Hymans Robertson
Mick McAteer, Co-Director, The Financial Inclusion Centre
Stuart McDonald MBE, Head of Longevity and Democratic Insights, LCP
Anusha Mittal, Managing Director, Individual Life and Pensions, M&G Life
Shelley Morris, Senior Project Manager, Living Pension, Living Wage Foundation
Sarah O'Grady, Journalist
Will Sherlock, Head of External Relations, M&G Plc
Daniela Silcock, Head of Policy Research, Pensions Policy Institute
David Sinclair, Chief Executive, ILC
Jordi Skilbeck, Senior Policy Advisor, Pensions and Lifetime Savings Association
Rt Hon Sir Stephen Timms, former Chair, Work & Pensions Committee
Nigel Waterson, ILC Trustee
Jackie Wells, Strategy and Policy Consultant, ILC Strategic Advisory Board
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
2. 2
Introduction
The purpose of the timing of this paper—immediately after the
signing of the Executive Order promoting MEPs—is to spur
constructive dialogue nationally about the best path forward
with respect to MEPs.
The interest in group retirement plan solutions—including MEPs,
group trusts, and “exchange” or “aggregated” programs
designed to mimic MEPs—is at an all-time high even though
very few know how to start and govern MEPs. Congress has
expressed its support for MEPs going back nearly a decade, as
evidenced by more than fifteen bipartisan pro-MEP bills
introduced since 2010.1 And now the president is directing the
DOL and IRS to expand the availability of MEPs, based on the
premise that MEPs can reduce costs and burdens associated
with providing a retirement plan. It seems likely that the
Executive Order will accelerate interest in MEPs.
It is Pentegra’s experience that a well-governed MEP is a
simple, safe, cost-effective tool for employers to provide
retirement benefits to their employees, and that MEPs have a
structural advantage over single employer plans. Simplistically,
100 employers banding together to sponsor a single plan is
more efficient than 100 employers sponsoring 100 plans with
100 trustees, administrators, and retirement committees.
Because this efficiency is based on the structure itself, it is
understandable that Washington is interested.
The intent of this white paper is to help interested parties of all
kinds—including employers, investment advisors, service
providers, and current and future MEP sponsors—join the
dialogue and create the best possible future for American
workers.
1 For a rundown of MEP proposals through 2014, see “Congress’ Love Affair with MEPs” at
www.pentegra.com; multiple legislative proposals have emerged since that article was
published, including RESA, discussed in Part 2 of the paper
On the Friday before
Memorial Day 2012, the
DOL published guidance
on open multiple employer
plans (open MEPs) saying
they are not “single plans”
under ERISA, and thereby
slowed participation in
MEPs. Pentegra responded
at that time by publishing
Pentegra’s Stance on Open
MEPs—expressing positions
we continue to support
today. Six years later, on the
Friday before Labor Day
2018, President Trump
signed an executive order
that directs the IRS and DOL
to consider regulations or
guidance that would
expand the availability of
open MEPs. This white
paper reiterates and
extends Pentegra’s 2012
thoughts with an eye
toward the future and in
the context of this new
retirement initiative from the
Trump Administration. This is
Part 1 of 2, discussing the
Executive Order itself. Part 2
discusses what it might
mean for the U.S. retirement
system.
3. 3
Executive Summary
Overview: The Trump Administration Wants to Expand the Use of MEPs
An Executive Order dated Friday, August 31, 2018, with an accompanying public signing
ceremony in Charlotte, North Carolina, is strongly supportive of multiple employer plans (MEPs).
The order calls for the DOL and IRS to consider guidance that would expand MEP usage. This
two-part white paper covers the points summarized below. Part 1 discusses the Executive Order
itself. Part 2 will review existing MEP law and regulation and how the Executive Order might
affect them, and will end with suggested talking points for future policy discussions.
Context
1. MEPs have been around a long time. MEPs have been around for nearly a century, and
have advantages over single employer plans.
2. But not broadly promoted, historically. There are approximately 5,000 MEPs in the U.S.2
(less than 1% of plans filing a Form 5500), but their application has been limited historically
to related employers and a few trade groups—MEPs have not been broadly promoted
despite their advantages.
3. The MEP “gold rush.” Between 2003 and 2012, there was a “gold rush” of innovators
hoping to establish new MEPs and promote them broadly.
4. The TAG Letter slowed the rush. In 2012, the Department of Labor (DOL) published
Advisory Opinion 2012-04A (the “TAG Letter”), which provided that MEPs that do not
meet certain criteria must be treated as single employer plans under ERISA3, requiring a
separate Form 5500 (and therefore audit, if applicable) and an ERISA bond for each
participating employer instead of a single 5500/audit/bond for the entire MEP. The Letter
effectively slowed development of new MEPs.
5. “Open” vs. “closed” MEPs. A “closed” MEP meets the TAG Letter requirements to be a
“single plan” with one 5500/audit/bond for the whole arrangement. An “open” MEP is
one that nearly any employer can join, but each adopting employer must have its own
5500/audit/bond. “Open MEP” and “closed MEP” are terms of convenience, not law.
6. “Nexus” or “commonality” is the key difference between open and closed MEPs. To be a
closed MEP, the MEP members must share pre-existing organizational relationships or a
common “nexus” beyond simply the provision of employee benefits. Nexus is at the heart
of the TAG Letter.
7. Even associations may not have enough nexus today. Simply being a membership
association is not enough to ensure “closed” status under the TAG letter for an
association MEP. Chambers of commerce, for example, are widely viewed as not having
sufficient nexus, and programs they offer today therefore require a separate
5500/audit/bond for each adopting employer.
8. The “one bad apple rule”. There is a Treasury Regulation that says a compliance failure
by a single participating employer can disqualify the whole MEP. While this rule in actual
implementation is not one that alarms experienced MEP providers, it is widely perceived
to be an obstacle to new MEP formation.
9. Congress’ love affair with MEPs. Numerous (15+) bipartisan MEP bills have been proposed
in Congress since 2010, nearly all of them aimed at overturning the nexus requirement of
2 From Federal Agencies Should Collect Data and Coordinate Oversight of Multiple Employer
Plans, by the U.S. Government Accountability Office (GAO), September 2012.
3 Employee Retirement Income Security Act of 1974, as amended
4. 4
the TAG Letter and mitigating fears about the “one bad apple rule” to spur broader
adoption of MEPs.
10. “Ten years of wrangling.” Pro-MEP, bipartisan legislative proposals offset by cautious
regulatory positions are the public face of what has been described as “ten years of
wrangling” in Washington over MEPs for both retirement and healthcare.
What to Expect
1. Association Health Plans (AHPs) could be the model. Legislators, regulators, and other
interested parties reached sufficient agreement with respect to Association Health Plans
(AHPs)—a type of multiple employer plan for healthcare programs. The DOL issued final
regulations that became effective August 20, 2018. The AHP rules may serve as a
template for similar rules on retirement plan MEPs.
2. How quickly might new guidance be forthcoming? The Executive Order calls for a formal
response, if not actual guidance, within 180 days. The timing of guidance will depend on
its type—in particular, whether the DOL and IRS will issue new regulations or instead opt
for “sub-regulatory” guidance.
3. “Sub-regulatory” guidance can be fast. “Sub-regulatory” guidance (an interpretation of
existing regulations, rather than a regulation itself), such as a Field or Technical Advice
Memorandum, is easier and quicker than either legislation or regulation. And sub-
regulatory guidance may be sufficient to accomplish some or all of the Executive Order’s
policy goals with respect to MEPs.
4. Major policy changes require formal process. The DOL and IRS lawyers may opt for a
conservative approach—that new rules on MEPs constitute a significant policy change,
and that a formal public comment and review process is required. This will take longer.
5. What this means for the U.S. retirement system. Pentegra’s belief is that MEPs are poised
to grow significantly beyond the 1% market share they currently enjoy, and that the
Administration’s support for MEPs will speed this growth.
6. Powerful tool, not silver bullet. MEPs will not single-handedly close the retirement plan
coverage gap or cut plan costs in half—as some suggest they will—but they enjoy a
genuine structural advantage over single employer plans. This advantage is the driving
force behind Washington’s interest in and the future growth of MEPs.
Join the Dialogue
Pentegra supports MEPs as a useful tool for improving retirement security in the U.S. and believes
interested parties should educate themselves on MEPs and participate in the dialogue.
5. 5
The Executive Order
On August 31, 2018, President Trump signed an Executive Order on Strengthening Retirement
Security in America (“Executive Order”). There were three basic provisions:
1. Pave the way for expanding the availability of MEPs
2. Improve retirement plan notice and disclosure rules, including the possibility of expanding
the use of electronic delivery
3. Reduce Required Minimum Distributions (“RMDs”)—the amount retirees must draw from
retirement accounts annually so that taxes are not indefinitely deferred—allowing savers
to delay withdrawals.
This white paper is about MEPs and will therefore not address RMDs. Electronic delivery of notices
is tangentially related to MEPs and is discussed briefly.
Key excerpts from the Order include:
Policy
“It shall be the policy of the Federal Government to expand access to workplace retirement
plans for American workers…Enhancing workplace retirement plan coverage is critical to
ensuring that American workers will be financially prepared to retire…Regulatory burdens and
complexity can be costly and discourage employers, especially small businesses, from offering
workplace retirement plans to their employees.” Therefore, “Federal agencies should revise or
eliminate rules and regulations that impose unnecessary costs and burdens on businesses,
especially small businesses, and that hinder formation of workplace retirement plans.
Expanding access to multiple employer plans (MEPs), under which employees of different
private-sector employers may participate in a single retirement plan, is an efficient way to
reduce administrative costs of retirement plan establishment and maintenance and would
encourage more plan formation and broader availability of workplace retirement plans,
especially among small employers.”
Expanding Access to MEPs and Other Options
In the section “Expanding Access to Multiple Employer Plans and Other Retirement Plan
Options,” the following excerpts cover MEPs.
“The Secretary of Labor shall examine policies that would:
1. clarify and expand the circumstances under which United States employers, especially
small and mid-sized businesses, may sponsor or adopt a MEP as a workplace retirement
option for their employees, subject to appropriate safeguards; and
2. increase retirement security for part-time workers, sole proprietors, working owners, and
other entrepreneurial workers with non-traditional employer-employee relationships by
expanding their access to workplace retirement plans, including MEPs.”
The Secretary of Labor is given the following deadline with respect to these two objectives:
“Within 180 days of the date of this order, the Secretary of Labor shall consider, consistent
with applicable law and the policy set forth in section 1 of this order, whether to issue a
notice of proposed rulemaking, other guidance, or both, that would clarify when a
group or association of employers or other appropriate business or organization could be
6. 6
an “employer” within the meaning of section 3(5) of the Employee Retirement Income
Security Act of 1974 (ERISA)…”
The fact that this directive is so specific is meaningful. It appears to suggest that the
Administration already has a good idea of what it plans to do—write new guidance on who is
considered an “employer” under ERISA Section 3(5). The implication would appear to be that
DOL Advisory Opinion 2012-04A, known as “The TAG Letter,” is going to be replaced with new
guidance redefining what constitutes a “bona fide”4 “group or association of employers”5—
since the TAG Letter is the specific guidance standing in the way of the policy objectives.
In addition to the instructions for the Secretary of Labor, the Executive Order directs the
Secretary of the Treasury to
“…consider proposing amendments to regulations or other guidance, consistent with
applicable law and the policy set forth in section 1 of this order, regarding the
circumstances under which a MEP may satisfy the tax qualification requirements set forth
in the Internal Revenue Code of 1986, including the consequences if one or more
employers that sponsored or adopted the plan fails to take one or more actions
necessary to meet those requirements. The Secretary of the Treasury shall consult with
the Secretary of Labor in advance of issuing any such proposed guidance, and the
Secretary of Labor shall take steps to facilitate the implementation of any guidance, as
appropriate and consistent with applicable law.”
As with the instructions to the Secretary of Labor, this is quite specific: in this case, the focus is
apparently on the “one bad apple rule” of Treasury Reg. Section 1.413-2(a)(3)(iv)6. This is not
explicitly stated but is clear from the reference to “if one or more employers…fails to take one or
more actions” necessary to meet qualification requirements.
Summary of the Executive Order’s MEP Provisions
1. Policy:
It shall be the policy of the Federal Government to expand access to workplace
retirement plans.
Regulatory burdens and complexity can be costly and discourage employers
from offering retirement plans.
Federal agencies should change rules that impose burdens that hinder formation
of workplace retirement plans.
4 The TAG Letter’s position is based on years of prior DOL guidance, in which it took the position
that a “group of association of employers” is only an “employer” if is a “bona fide” group or
association—it is the DOL’s creation of the “bona fide” requirement that creates the issue of
whether open MEPs are single plans.
5 Section 3(5) of ERISA is the definition of “employer,” and an “employer” includes a “group or
association of employers”—a plain reading of which would appear to permit a fairly broad
interpretation of what constitutes a “group or association”
6 This is called the “one bad apple rule” since a qualification failure by any single adopter can
disqualify the whole MEP. In reality, MEP practitioners today are not concerned by the bad
apple rule any more than they are of compliance defects in a single employer plan. The IRS’
preferred cure for plan defects is correction, not disqualification.
7. 7
Expanding access to MEPs is an efficient way to reduce costs of plan startup and
maintenance and would encourage broader availability of workplace retirement
plans.
2. Expanding Access to MEPs and Other Options
The Secretary of Labor should:
― Clarify and expand the circumstances under which employers can
sponsor or adopt a MEP, but subject to appropriate safeguards
― Expand access to retirement plans for “part-time workers, sole proprietors,
working owners, and other entrepreneurial workers with non-traditional
employer-employee relationships”
The Secretary has 180 days to decide “whether to issue a notice of proposed
rulemaking, other guidance, or both” that would “clarify when a group or
association of employers or other appropriate business or organization could be
an ‘employer’” for purposes of ERISA Sec. 3(5) (the definition of “employer” under
ERISA—because only an “employer” can sponsor a MEP or other retirement plan).
The Secretary of Treasury has 180 days to “consider proposing amendments to
regulations or other guidance” to mitigate the perceived obstacle of the “one
bad apple rule” whereby a single failure by a single adopting employer could
disqualify an entire MEP (in theory).
In short, the Executive Order appears to be aimed primarily at two things:
1. The TAG Letter, and Specifically the Definition of “Employer.” The “nexus” requirement
that has slowed the use of MEPs and the inability of contractors and self-employed
individuals to join a 401(k) plan (without sponsoring their own) are embedded in the
ERISA Sec. 3(5) definition of “employer,” which is at the heart of the TAG Letter. The first
objective would therefore appear to be replacing the guidance in the TAG Letter.
2. The One Bad Apple Rule. Assuaging fears about this Treasury Regulation would eliminate
a perceived obstacle to MEP formation.
Notices and Disclosures
The Executive Order says:
“Within 1 year…the Secretary of Labor shall, in consultation with the Secretary of the
Treasury, complete a review of actions that could be taken…to make retirement plan
disclosures…more understandable and useful…while also reducing the costs and
burdens they impose on employers and other plan fiduciaries responsible for their
production and distribution. This review shall include an exploration of the potential for
broader use of electronic delivery…”
The Executive Order’s provision with respect to notices and disclosures is pertinent to MEPs in that
MEPs must, by necessity, be very concerned with compliance details, and notice delivery is one
such detail that is often handled incorrectly in single employer plans. This is because compliance
with disclosure and notice delivery requirements can be spotty when handled by employers
who are not experts on the rules and find the tasks burdensome and less urgent than other
demands on their time.
A MEP fiduciary cannot afford to be lax with compliance requirements, and this affects plan
costs. Mailings are a significant source of administrative cost in MEPs, the fiduciaries of which
8. 8
tend to do a more orderly job complying with delivery rules. Electronic delivery can help control
the cost.
What is the Legal Effect of the Executive Order?
The President is the head of the Executive Branch of government, and as such has authority over
the agencies of the Executive Branch—including the Department of Labor (DOL), Internal
Revenue Service (IRS), and Securities and Exchange Commission (SEC), all of which have
influence over retirement plans in the U.S. An Executive Order is simply a directive from the
President telling the agencies how to enforce U.S. law. An Executive Order can be overturned in
court if found to be unconstitutional or otherwise unlawful, but otherwise has the force of law.
That said, the Executive Order issued on August 31, 2018 did not make any specific changes. It
simply instructed the DOL and IRS to “consider” new guidance. Consequently, the fact that the
President supports MEPs and is directing the IRS and DOL to consider guidance supporting MEPs
does not guarantee any changes will be made.
What Does It Mean?
To understand the implications of the Executive Order and form a basis for dialogue around
possible responses to it, some background will help. Part Two of this white paper will therefore
cover the current state of MEP law and regulation and how the Executive Order may change
the situation, and conclude with possible talking points for policy discussions.
Conclusion
MEPs are a powerful tool with genuine structural advantages over single employer plans. They
are a simple, safe, and cost-effective way for employers to offer retirement benefits and remove
themselves from many unwanted fiduciary and administrative chores. They offer a platform for
leveraging scale to negotiate the best possible deal for member employers and their
employees. Recognition of these advantages in Washington has been widespread and
bipartisan yet insufficient to result in action. The Executive Order on retirement security may
change that, and will likely spur an acceleration in MEP interest and adoption. Pentegra with its
75 years of expertise and experience in running MEPs, looks forward to working with the DOL and
IRS in finding ways to enhance the affordability of and accessibility to MEPs.
This is Part 1 of a 2-part series. Part 2 will address potential regulatory outcomes from the
Executive Order, their possible impact on the U.S. retirement system, and possible talking points
for discussions of policy.
Pete Swisher, CFP®, CPC, is Senior Vice President and National Sales Director for Pentegra
Retirement Services. He is the author of 401(k) Fiduciary Governance: An Advisor’s Guide,
currently in its third edition, and is a regular writer and speaker for the retirement plan
community.
Robert Alin, esq., is First Senior Vice President and General Counsel of Pentegra Retirement
Services, which he has served for more than thirty years. He is nationally known as an expert on
multiple employer plans and has a long history of involvement with MEP issues with both
legislators and regulators.