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Washington Perspective

What's New

  • SEC Adopts Changes to Money Market Fund Regulations
    The Securities and Exchange Commission (SEC) adopted significant changes to the regulation of Money Market Funds (MMFs) on July 23, 2014. The changes are designed to address money market funds' susceptibility to unusual redemptions in times of financial stress like those experienced during the financial crisis of 2008.
  • GASB Issues Exposure Drafts to Revamp Retiree Medical Accounting Standards
    The Governmental Accounting Standards Board (GASB) has begun the process of revamping its accounting standards for Other Post-Employment Benefits (OPEB) to "improve the information reported on OPEB for decision-making and accountability purposes, comparability across governments, and transparency for those who avail themselves to it," as well as to align the OPEB standards with the newly implemented pension accounting standards (GASB Nos. 67 and 68).
  • Legislation Introduced to Expand Early Distribution Penalty Exemption
    House Ways and Means members Bill Pascrell (D-NJ) and Dave Reichert (R-WA) in May 2014 introduced legislation, H.R. 4634, to amend federal tax law to allow public safety workers to access their defined contribution retirement accounts without penalty on or after age 50.
  • President Obama's Proposed Budget for Fiscal Year 2015
    President Obama's Fiscal Year 2015 (FY15) budget proposal includes provisions that would either expand coverage or reduce retirement incentives.

About the Washington Perspective

Washington MonumentWelcome! The Washington Perspective provides news and information about the policies and issues that play a part in building retirement security.

Visit the Washington Perspective for updates on pending legislative and regulatory issues and notices on emerging policy initiatives. For information related to existing regulations that govern your plan, please refer to the Plan Rules section of the web site.

We work with Congress, key executive branch officials, and public sector groups to protect and build the retirement security of participants we serve. We bring our expertise in public sector retirement plans to policy makers during debates on retirement plans (401(a) and 457) and retirement health savings initiatives.

Key Legislative Issues

Capitol DomeNews and information on Congressional activity related to retirement, pensions, retiree health care, investments, and related legislation.

Key Regulatory Issues

Treasury buildingNews and information on governmental activity related to regulation of the retirement and investments industries.

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