Legislative Update | Spring 2024
Join NAGDCA and Groom Law Group for an exclusive recap [...]
Join NAGDCA and Groom Law Group for an exclusive recap [...]
Join NAGDCA for an in-depth discussion on the guidance from the Treasury regarding the catch-up provisions in SECURE 2.0. The Groom team discusses the guidance with Executive Director Matt Petersen and answers questions from attendees.
Learn about actions taken by the City of Milwaukee to incorporate auto-enrollment and re-enrollment features in its plan design and the role those features play in closing savings and participation gaps for Black and Latino employees. Beth Conradson Cleary from the City of Milwaukee and representatives from Voya discuss the case study with Executive Director Matt Petersen and answer questions from attendees.
Join NAGDCA for an in-depth discussion on the emergency savings provisions in SECURE 2.0 and the impact on public sector plans. Ned Taylor, Senior Consultant at Hyas Group, and Hutch Schaffer, Vice President of Business Development at Nationwide, share their insights with Executive Director Matt Petersen and answer questions from attendees.
Join NAGDCA for an in-depth discussion on the catch-up provisions in SECURE 2.0 and the impact on public sector retirement plans. Marilyn Collister, Senior Director, Legislative and Regulatory Affairs at Empower and NAGDCA Legislative Committee member, and Craig Chaikin, Senior Vice President at Callan, share their insights with Executive Director Matt Petersen and answer questions from attendees.
On December 22, Congress passed the Consolidated Appropriations Act of 2023 to fund the government through September 30, 2023. Division T of the legislation is the SECURE 2.0 Act of 2022 (“SECURE 2.0”), which builds upon 2019’s Setting Every Community Up for Retirement Enhancement Act (the “SECURE Act,” H.R. 1994). SECURE 2.0 contains 90 provisions aimed at modernizing the retirement system, encouraging additional retirement savings, and easing administrative requirements. Two of NAGDCA’s priorities – eliminating the “first day of the month rule” for 457 plans and exempting designated Roth contributions from the lifetime required minimum distribution rules – were included in the final legislation.
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