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December 20th, 2019 Information & Insights for the 403(b) Community Lessons from Higher Ed Employers for Keeping the Workforce Churning Employees retiring later can hinder younger workers’ career paths, but workforce management ideas from higher education employers may help. SECURE Act Passed By Full Congress Passage of the SECURE Act is being hailed as a major accomplishment that will allow Congress to turn to other important retirement issues next year. Ask the Experts Contributing an RMD to a Charity “One of our retirees who has been taking his required minimum distributions (RMDs) from his 403(b) account now wants us to send it directly to a charity, because he says he read that the RMD would not be taxable if he did this. I’ve never heard of this—could he possibly be correct? If so, what is the procedure to complete such a transaction?” UPenn Seeks Supreme Court Voice in University Retirement Plan Lawsuits The university says the high court should re-establish the pleading standard it previously set, as well as issue a decision to stop the pressure to settle cases against university retirement plans. Performing an Effective Benchmarking of Plan Advisers An analysis of advisers’ skills and services helps in finding those with higher skill sets, and those who offer much more value for plan sponsors. Many Have Unrealistic Expectations for Drawing From Savings in Retirement A Shroders survey shows it’s 10.1% on average. Plan sponsors can help form more realistic expectations. S&P Sees Looming Crisis for State OPEB Funding A 2018 decline in unfunded OPEB liabilities is masking an increased risk in not matching unfunded liabilities in future years, the ratings agency says. Did someone forward you this newsletter? Sign up here to get (b)lines directly in your mailbox!

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