Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
December 31st, 2018
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. Read more >
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. Read more >
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. Read more >
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%. Read more >
Retirees Slow to Draw Down Assets
They are worried about longevity risk. Read more >
Many Retirees Spending More Than They Expected
However, retirees spend 32% less than non-retirees. Read more >