retirement security

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Department of Labor Releases Proposed Regulation on Retirement Plans and Automatic Portability Transactions when Employees Change Jobs

On January 18, the U.S. Department of Labor (DOL) announced that its Employee Benefits Security Administration (EBSA) released a proposed regulation on automatic portability transactions under SECURE 2.0 Act of 2022. The goal of automatic portability transactions is to help workers keep track of their retirement savings accounts and improve retirement security by reducing cash-outs when they change jobs. According to the most recent annual Form 5500 data, there are an estimated 635,000 defined contribution plans in the United States, covering an estimated 86.6 million participants with account balances totaling $9.3 trillion in assets...

Short URL: http://www.advancingstates.org/node/75246

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2015 White House Conference on Aging Final Report

The White House released the final report from the White House Conference on Aging (WHCOA). President Barack Obama hosted the sixth WHCOA on July 13, 2015. Prior to the conference, events were hosted all over the United States to allow stakeholders to provide their input. The final report summarizes the work done both at the WHCOA and during the pre-conference activities and feedback elicited throughout the process.

Short URL: http://www.advancingstates.org/node/67216

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