Technical Competence

This station houses posts and commentary about the challenges facing state and municipal DB pension plans — funding, municipal bankruptcies, litigation, etc.

Technical Competence

Technical Competence

By Nevin Adams2/21/2015 • 0 Comments

The Department of Labor’s much-anticipated fiduciary reproposal drew intense criticism Feb. 20 from SEC Commissioner Daniel M. Gallagher.


By NAPA Net Staff2/21/2015 • 0 Comments

In what was described as the largest settlement of a 401(k) excessive fee claim ever against a single employer, a revenue-sharing lawsuit that had sought $1.3 billion in damages was settled for considerably less.


By NAPA Net Staff2/20/2015 • 0 Comments

Presenting a budget he said was “honest with the people of Illinois,” new Illinois Gov. Bruce Rauner (R) has proposed massive cuts to balance the state’s budget, with state pension plans bearing the brunt. READ MORE

By John Carl2/18/2015 • 0 Comments

Responding to a question from a financial advisor in Massachusetts, the ERISA consultants at the Columbia Management Retirement Learning Center Resource Desk addressed an inquiry involving 10b5-1 plans. READ MORE

By NAPA Net Staff2/17/2015 • 0 Comments

The ERISA public disclosure website — which houses filings by health and pension plans of private employers — is headed for the cloud. READ MORE

By Andrew Remo2/12/2015 • 0 Comments

Legislation just introduced in the Oregon State Senate brings the Beaver State a step closer to establishing a state-run retirement savings program. READ MORE

By NAPA Net Staff2/11/2015 • 0 Comments

The IRA rollover market — already a large component of the nation’s retirement savings — could see another surge in the next 12 months, according to a new report. READ MORE

By John Carl2/11/2015 • 0 Comments

Responding to a question from an advisor in Idaho, the ERISA consultants at the Columbia Management Retirement Learning Center Resource Desk addressed a common inquiry involving automatic IRAs. READ MORE

By NAPA Net Staff2/10/2015 • 0 Comments

The world’s pension assets grew 6% last year, and now amount to around 84% of global Gross Domestic Product (GDP), substantially higher than the 54% recorded in 2008. READ MORE

By Nevin Adams2/10/2015 • 0 Comments

If the Senate Committee on Homeland Security and Government Affairs has its way, the Department of Labor has some ‘splaining to do on its fiduciary regulation reproposal. READ MORE

By Andrew Remo2/4/2015 • 0 Comments

In addition to proposals that include a retirement savings cap, double-taxing contributions of those above the 28% tax bracket and encouraging automatic enrollment, President Obama’s budget blueprint for fiscal year 2016 seeks to change the tax treatment of IRAs and qualified retirement plans. READ MORE

By John Iekel2/4/2015 • 0 Comments

The Kentucky House of Representatives currently has legislation before it that, if enacted, would make the Bluegrass State the second to have a state IRA program in place. READ MORE

By John Carl2/3/2015 • 0 Comments

Responding to a question from an advisor in Illinois, the ERISA consultants at the Columbia Management Retirement Learning Center Resource Desk addressed an inquiry about a British pension arrangement called a QROPS. READ MORE

By Judy Miller2/3/2015 • 0 Comments

President Obama’s 2016 budget has been issued, and while parts could expand retirement plan coverage, others are likely to undermine those good intentions. READ MORE

By John Iekel1/30/2015 • 0 Comments

The draft White House memo about the DOL's pending fiduciary definition proposal continues to engender negative reaction. Tim Pawlenty, CEO of the Financial Services Roundtable, weighed in on Jan. 28.


By Nevin Adams1/30/2015 • 0 Comments

The 114th Congress has gotten off to a quick start with retirement legislation. READ MORE

By NAPA Net Staff1/29/2015 • 0 Comments

The U.S. Senate’s Health, Education, Labor and Pensions Committee announced on Jan. 28 its assignments for the committee’s three subcommittees for the 114th Congress, including the Primary Health and Retirement Security subcommittee. READ MORE

By NAPA Net Staff1/28/2015 • 0 Comments

The ERISA Advisory Council has thrown its support behind the notion of multiple employer plans as a means of encouraging plan formation. READ MORE

By Andrew Remo1/26/2015 • 0 Comments

The new chairman of the Senate Finance Committee has staked out his plans, and the Committee’s agenda, for dealing with pension reform.


By Fred Barstein1/26/2015 • 0 Comments

Call it a conspiracy or coincidence, but it seems that the SEC, FINRA, the DOL and the White House are all singing from the same hymnal: eliminate potential conflicts of interests by brokers when advising on IRA rollovers. READ MORE

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