I found myself at the opening session of the NAPA 401(k) Summit in New Orleans earlier this week listening to Preston Rutledge, benefits tax counsel for the U.S. Senate Finance Committee.
The guy is a committee staff member and reports to staunch Republican Sen. Orin Hatch. I usually don't agree with the guy but I need to keep that part of me under wraps while I'm covering this. I mean, I'm getting paid to be objective.
Rutledge was discussing how the public sector increasingly was positioning itself to take over the retirement biz in the United States. He talked a bit about the possibility that a successful MyRA program might become a victim of its own success – swelling the coffers so quickly error rates would shoot "off the charts."
Recommended For You
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
