Wagner Law Group welcomes a new partner; Venable hires a new partner in its employee benefits and executive compensation practice; Pacific Life announces promotions; and more.
The Retirement Fairness for Charities and Education Institutions Act of 2025 was reintroduced by a bipartisan group of senators and representatives on Wednesday.
The order limits access to Department of the Treasury data to two individuals working with Elon Musk’s DOGE and excludes access to confidential data and payment systems.
Meanwhile, government employee unions and labor groups filed a lawsuit seeking to block Elon Musk’s efficiency organization from accessing DOL systems containing sensitive information.
The employer organizations are supporting Southern Co. Services, accused of using outdated assumptions when calculating retirees’ joint and survivor annuity benefits.
The Alliance for Retired Americans and two union groups accused Secretary of the Treasury Scott Bessent of violating the privacy rights of millions of Americans.
While plan sponsors have prioritized implementing mandatory provisions, many of the optional provisions have taken a back seat due to administrative complexities and a lack of guidance.
While catch-up contributions and cash-out thresholds have been adopted widely, take-up is more ponderous for student loan matching and emergency withdrawal flexibility.
According to multiple research reports, workers have increased their retirement confidence and their focus on building emergency savings, but routine financial stressors still persist.
More than 7,000 people per day are trying to speak with Social Security Administration personnel about changes, with new information released in a recent FAQ.
A new Morningstar report found that the Saver’s Match, if enacted on schedule in 2027, would disproportionately improve the retirement savings of single women, Black and Hispanic workers.