| Congressional Democrats Continue Push on Butch Lewis Act |
| The legislation would take steps to provide additional anti-cutback protections for Teamsters, miners, and other unionized American workers who have paid significant sums into multiemployer pension funds.
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| IRS Approves a Plan’s Design for Student Loan Repayment Benefits |
| IRS Private Letter Rulings are directed only to the taxpayer requesting it; however, they can give retirement plan practitioners an idea of what the IRS thinks about plan sponsor decisions or programs.
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| IRS Announces Contribution and Benefit Limits for 2019 |
| The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan is increased from $18,500 to $19,000.
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| Half of Households Likely to Face a Retirement Shortfall |
| Looking at whether retirees will be able to replace 75% of their final-year earnings, the Center for Retirement Research at Boston College found the number of households at risk of facing a shortfall range from 42% to 60%.
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| Retirees Slow to Draw Down Assets |
| They are worried about longevity risk.
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| Many Retirees Spending More Than They Expected |
| However, retirees spend 32% less than non-retirees.
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