Regulation
Bill Seeks to Close Private Equity Compensation ‘Loophole’
The legislation aims to increase the rate at which PE and hedge fund managers are taxed.
Tag: Bill
Pensions
Massachusetts COVID-19 Pension Bonus Bill a Boondoggle, Groups Warn
Opponents say the bill, which has no cost analysis, is too broad and would cost billions.
Pensions
Senate Bill Targets Women’s Retirement Savings Inequities
The Women’s Retirement Protect Act aims to close the gender gap by amending ERISA.
Maine Becomes First State to Pass Fossil Fuel Divestment Bill
The state pension fund has more than $1 billion invested in companies such as Chevron, Exxon, and ConocoPhillips.
Regulation
Sustainable Investment Legislation Re-Introduced in Congress
Dual bills would require fiduciaries to consider ESG factors in investment decision-making.
Pensions
NY State Assembly Passes Mandatory Auto-IRA Bill
The amended ‘Secure Choice’ program would apply to companies with 10 or more employees.
Regulation
Securing a Strong Retirement Act Passes Ways and Means Committee
Among other measures, the bill would expand automatic enrollment for 401(k) and 403(b) plans.
Pensions
Bill Would Move New Texas State Employees to 401(k)-Like Plan
The proposed pension reform would affect workers hired after Sept. 1, 2022.
Newsmakers
Florida Senate Passes Bill to Move Most State Workers to DC Plan
Opponents say the proposed legislation attempts to solve a problem that doesn’t exist.
Pensions
Kentucky Lawmakers Override Pension Bill Veto
Law, opposed by governor, is allowed to stand, requiring teachers to contribute more and work longer before earning benefits.
Asset Allocation
Retail Investors Aim to Spend $170 Billion in Stimulus Aid on Stocks, Survey Says
A significant chunk of the next round of stimulus checks may find its way into the equity markets.
Pensions
Democrats Introduce Bill to Protect Pensions, Expand PGBC’s Power
Proposed legislation would create PBGC partition program and end ability to seek benefits cuts under MPRA.
Pensions
Illinois Lawmakers Pass Firefighter Pension Bill Upping Benefits
The move would add $18 million in extra inflation-adjustment benefits for its first year, expanding the liability for the poorly funded plan.
Regulation
US Bill Would Create Lost and Found for Retirement Savings
An estimated 30% of all US employees have left a retirement account at a previous employer, lawmakers say.
Alternatives
Georgia Senate Passes Bill to Allow Teachers’ Pension to Invest in Alts
$78.9 billion pension fund would be permitted to invest as much as 5% of portfolio in alternatives.