2011 NAGDCA Leaders Meet with Congressional and Federal Representatives on Government Defined Contribution Issues
April 15, 2011
(Lexington, KY) - The National Association of Government Defined Contribution Administrators, Inc. (NAGDCA)'s Executive Board met with key congressional staff and Treasury department officials in March.
During their meetings with key Senate and House offices, congressional tax committee staff, the Department of the Treasury, and the Securities and Exchange Commission the Board discussed enhancing retirement benefits and incentives for savings to all governmental and private sector workers and other important issues. The Board also expressed appreciation for the Roth 457 passed at the end of last year. In addition, they asked for support for a National Save for Retirement Week resolution. Congress has unanimously passed a resolution every year since 2007; NAGDCA is working to get a resolution passed in the Senate again this year since House rules do not allow for resolutions any longer.
As the voice of state and local governmental defined contribution plans, it is important NAGDCA show support for legislation and proposals that improve public sector defined contribution plans and benefits for plan participants,” said Ed Lilly, NAGDCA Past – President.
NAGDCA is the country's leading organization of defined contribution retirement plan administrators and financial service providers. It represents nearly every state deferred compensation plan, as well as numerous other governmental and public sector defined contribution plans, and over 150 companies in the financial services industry. Its mission is to focus on retirement planning for public sector employees participating in 457(b), 403(b), 401(a) and 401(k) retirement plans.
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