New GASB Exposure Draft Would Alter 457 Plan Reporting

New GASB Exposure Draft Would Alter 457 Plan Reporting

The Governmental Accounting Standards Boards (GASB) released a new exposure draft in June 2019 entitled “Internal Revenue Code Section 457 Deferred Compensation Plans That Meet the Definition of a ...

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New SOA Mortality Tables for Private Sector Retirement Plans

New SOA Mortality Tables for Private Sector Retirement Plans

Last month (May 2019), the Society of Actuaries (SOA) released an exposure draft of the Pri-2012 Mortality Tables for private-sector retirement plans. These new tables are based on data collected for ...

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U.S. House Passes Retirement Legislation

U.S. House Passes Retirement Legislation

On May 23, the U.S. House of Representatives passed a bill that would directly impact retirement benefits across the nation. The bill, entitled the Setting Every Community Up for Retirement ...

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2020 HSA Limits and ACA Out-Of-Pocket Maximums

2020 HSA Limits and ACA Out-Of-Pocket Maximums

The IRS has issued Revenue Procedure 2019-25 to announce the 2020 contribution limits and high deductible health plan (HDHP) design requirements. The new HSA contribution limits will become effective ...

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Federal Judge Rules Affordable Care Act Unconstitutional; Law Stands Awaiting Likely Appeal

Federal Judge Rules Affordable Care Act Unconstitutional; Law Stands Awaiting Likely Appeal

Last week, Judge Reed C. O’Connor ruled in favor of a lawsuit that argued the entirety of the Affordable Care Act (ACA) is unconstitutional without the individual mandate. The individual mandate ...

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