Winter 2010

NAGDCA Executive Board Slated to Visit Capitol Hill

This year, NAGDCA’s Legislative Committee has begun its work by developing three specific goals for 2010:

  • Be recognized as the single voice of the public sector defined contribution community by national and state governmental entities and agencies.
  • Be called upon first by government for views, information and reactions to proposed legislation and regulations that may impact the public sector defined contribution community.
  • Be proactive by advancing legislative and regulatory enhancements to public sector defined contribution plans to ensure the financial security of plan participants at retirement.

In implementing these goals, NAGDCA’s first order of business is to conduct its annual “Hill Visits”. NAGDCA’s Executive Board will meet with influential leaders on Capitol Hill in March, including the House and Senate tax committees and the U.S. Department of the Treasury.

The meetings offer NAGDCA’s Executive Board an opportunity to consult on retirement related legislation, offer and seek clarification on recently implemented regulations and provide first hand information on the current trends within the defined contribution community. Additionally, each year the Executive Board uses the Washington meetings as a venue for kicking off the legislative effort to establish National Save for Retirement Week.

Each year since 2006 NAGDCA has worked closely with the Members of Congress in the House of Representatives and in the Senate to pass resolutions in recognition of National Save for Retirement Week.

As a follow-up to this year’s “Hill Visits”, NAGDCA will again schedule a NAGDCAST to provide a Legislative Update in April to review these meetings and provide an overview of the current legislative environment in Washington. Heading up this webcast will be NAGDCA’s Legislative Counsel, Susan White.

Please stay tuned for developments concerning the Legislative Update webcast and the Executive Board’s visit to Washington DC. You may also check www.nagdca.org for ongoing updates.