The American Council on Life Insurers and eight other insurer groups are still seeking an injunction against the Department of Labor's controversial new Retirement Security rule, set to go into effect September 23.
The Retirement Savings for Americans Act is attempting to boost retirement security for millions of low- and middle-income workers, but opponents say it could "crowd out" the private, employer-based retirement savings system.
This "sandwich generation," more than any others, may need to be made aware of just how short they may be in their retirement savings journey, as well as SECURE 2.0 catch-up contributions, according to a new report.
As of July 1, participation in Delaware EARNS is required by law for all employers, with five or more employees, who do not offer a qualified retirement plan.
The House Education and the Workforce Committee voted Wednesday to advance a resolution to overturn the Department of Labor's new fiduciary rule, which is also facing two lawsuits filed in federal courts.
South Carolina, Alaska and Texas asked the high court to "step in again" to block President Joe Biden's new SAVE student loan repayment plan, citing the administration's Supreme Court's defeat in 2023.
At a 3-day meeting, retirement experts encouraged the Council, which advises the DOL, to recommend that qualified default investment alternatives (QDIAs) become more prevalent in defined contribution plans.
Retirement planning advice is the first step toward improving retirement readiness, namely, how to invest, how much to save, when to retire and the role an annuity can play as part of a retirement plan, according to a TIAA report.
After a Senate committee requested feedback on ways to allow independent workers access to retirement plans, the American Benefits Council responded with a 5-point plan that includes access to pooled employer plans.
There's a disconnect between the role employers think they're playing in employees' financial well-being and how supported workers feel, which is why surveying them is key since demographics have a big impact, says research.