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Washington Perspective

What's New

  • Senator Harkin Proposes Legislation Creating USA Retirement Funds
    Senator Tom Harkin (D-IA), Chairman of the Senate Health, Education, Labor and Pensions (HELP) Committee, introduced the Universal, Secure, and Adaptable (USA) Retirement Funds Act of 2014 on Jan. 30, 2014.
  • President Announces Creation of New Retirement Savings Vehicle
    President Obama announced the creation of a new retirement savings vehicle, "MyRA," in the State of the Union Address in January 2014.
  • IRS Issues Additional Guidance on In-Plan Roth Conversions
    The Internal Revenue Service issued IRS Notice 2013-74 in December 2013, providing guidance to 457(b) and 401(k) plans on a provision that gives plans the ability to increase access to in-plan Roth conversions.
  • IRS Announces 2014 Retirement Plan Contribution Limits
    On October 31, 2013, the IRS announced the various adjustments applicable to retirement plan contribution limits for 2014. Some limitations such as those governing 457 plans and IRAs will remain unchanged because the increase in the consumer price index did not meet the statutory thresholds for their adjustment. However, other pension plan limitations, including those for 401(a) plans will increase for 2014.
  • Update on Tax Reform Activity in Congress
    Congressional activity regarding tax reform accelerated in 2013, but was put on hold in October as Congress addressed government funding levels and an increase in the debt limit. If enacted, reform proposals could significantly impact public retirement plans.

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.