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PLANSPONSOR BLINESs LOGO September 1st, 2020
Information & Insights for the 403(b) Community
Analysis of Biden’s Retirement Savings Tax Credit Concept
Analysis of Biden’s Retirement Savings Tax Credit Concept
Retirement industry experts say more should indeed be done to help lower-income workers save for the long-term future, but disagreement persists about the best strategies to accomplish this important public policy goal.
DOL Proposes Rule on Employee Benefit Plan Proxy Voting
The proposal sets forth ‘permitted practices’ under which the plan fiduciary can adopt certain proxy voting policies and parameters, among other things.
Ask the Experts
Does the RMD Age Change Affect Rules for Special Catch-Up in 457 Plans?
“We are a public university that sponsors both a 403(b) and 457(b) plan. For the special three-year catch-up election permitted in our 457(b) plan, I realize that the election is limited to the three calendar years prior to attainment of the plan’s normal retirement age—age 70.5 in our plan, which we understood was the maximum retirement age that we could implement. But, given the recent changes under the SECURE Act, could we increase our plan’s normal retirement age to 72?”
Few Divorcing Couples Explore QDROs
Older couples and women, in particular, are often put at a retirement disadvantage when faced with a divorce, a GAO report finds.
IRS Issues Guidance About the Payroll Tax Deferral
The guidance defined the ‘applicable wages’ per pay period that qualify for the deferral, as well as how the Social Security tax must be paid back.
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