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Washington Perspective

What's New

  • President Obama's Proposed Budget for Fiscal Year 2016
    President Obama's proposed Fiscal Year 2016 (FY16) Budget was released in February and included provisions that may affect retirement plans.
  • IRS Modifies “One Rollover Per Year” Rule for Indirect IRA Rollovers
    The Internal Revenue Code mandates that within any one-year period (i.e., 365 days), an individual cannot have more than one "indirect" IRA rollover — that is, a rollover where the individual withdraws assets from an IRA and re-deposits the assets into the same or another IRA within 60 days.
  • Non-Spouse Inherited IRAs Lose Bankruptcy Protection
    The U.S. Supreme Court, on June 12, 2014, unanimously ruled in Clark v. Rameker that inherited Individual Retirement Accounts (IRAs) do not qualify as "retirement funds," but rather are considered to be "money that can be freely used for current consumption," and therefore are not exempt from a debtor's bankruptcy estate.
  • Regulatory Change Enables In-Plan "Longevity" Annuities
    The Internal Revenue Service and Treasury Department in July 2014 amended Required Minimum Distribution (RMD) rules to permit the expanded use of "longevity" annuities in retirement plans. The use of longevity annuities, typically purchased at retirement with payments deferred until an individual reaches an advanced age (such as 85), is one approach to reduce the risk of outliving retirement plan savings.

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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