Browsing Tag
Treasury
15 posts
Empower to Support Trump Account Rollovers
Recordkeeper plans to act as rollover custodian for new 530A savings vehicle with details to come after federal guidance
Trump Accounts Not Subject to ERISA: Industry Wants Certainty
In comments to Treasury and the IRS, organizations sound off on how the new accounts can be implemented efficiently
2025 Social Security Trustees Report Shows 23% Benefit Cut on Tap by 2033
Annual report released today shows that absent Congressional action, the OASI Trust Fund’s reserves will become depleted in 8 years, with continuing program income sufficient to pay 77% of scheduled benefits
IRS Extends Deadline for Certain RMDs
The decision was made after commenters expressed concerns on challenges in implementing the final regulations
401(k) Industry Still Pleading for Delay in SECURE 2.0 Catch-Up Contribution Requirement
Heavyweight list of organizations urge government to delay change currently set for start of 2024 that could eliminate catch-up contributions; Treasury Department expected to issue guidance soon
Yellen Says Debt Limit Standoff Impacting TSP’s G Fund
Treasury Secretary sends letter to Congressional leaders saying the Treasury is unable to invest G Fund assets fully in U.S. interest-bearing securities as a result of the debt limit
Social Security Benefits Need 23% Cut in 2034 Without Action: CBO
New report outlines scenarios while senior Treasury department official warns cuts would “decimate” retirees’ standard of living
Majority Doubt They Will Receive Promised Social Security
New PlanGap study finds that Americans have many concerns about the future of Social Security, including the government’s ability to solve the issues
Treasury Facing Heat on Overdue Social Security Trustees Report
The Social Security Act requires that trustees’ reports for the Social Security and Medicare trust funds be issued…
IRS Delays Tax-Filing Deadline to Help Cope with Coronavirus: Updated
Clarification: Per CNBC. The Treasury is giving taxpayers a 90-day extension on paying taxes owed from 2019, but…