Overview

January 17, 2007

The House and Senate recessed for the Holidays without passing any legislation that impacts governmental retirement plans. However, pending issues such as the technical corrections to the Pension Protection Act of 2006 (PPA), fee disclosure, and Roth 457 plans expect action in 2008. The House and Senate return in January. The IRS issued clarifications and notices on governmental provisions in the PPA and the GAO announced a delay in the next phase of its report on fee disclosure on 401(k) plans.

This report will cover legislative and regulatory developments that impact governmental retirement security including on:

Technical corrections to the Pension Protection Act
Retirement plan fee disclosure
Roth arrangement in 457 plans
Penalty-free withdrawals from retirement plans for military reservists
Self-insured health plan premium exclusion for retired public safety employees
Non-spousal beneficiary rollovers
Outlook for 2008