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The world of public sector defined contribution is rapidly changing. NAGDCA is your trusted source for the industry’s most current news, events, and information. Stay up-to-date on the latest news including our Updates from Washington, NAGDCA Announcements, and informative articles written for and by NAGDCA members. Click below to submit an article to be included in the quarterly newsletter, The NAGDCA News.
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GASB Issues New Guidance on Reporting for 457 Plans
On June 23, the Governmental Accounting Standards Board (GASB) issued new guidance intended to improve state and local government reporting of 457 plans for their employees and retirees. A copy of Statement No. 97, Certain Component Unit Criteria, and Accounting and Financial Reporting for Internal Revenue Code Section 457 Deferred Compensation [...]
2020 Participant Engagement and Communications Survey Open
WHAT YOU GET: A window into the communication and engagement strategies of your peers WHAT WE NEED: 15 minutes of your time Your actions make it clear: improving how to effectively communicate your plan and achieve active participant engagement is a top priority. Each year at our Annual Conference the [...]
IRS Expands Coronavirus Loan, Distribution Relief
On Friday, June 19 the Internal Revenue Service released Notice 2020-50 to help plan participants affected by COVID-19 take advantage of the CARES Act provisions providing enhanced access to plan distributions and plan loans. This notice expands the categories of individuals eligible for these types of distributions and loans and also provides [...]
Member Spotlight – Anchorage School District
Each month, NAGDCA turns the spotlight on one of our members to highlight the incredible work they're doing to secure the retirement future of their public sector employees. Members are selected from our Leadership Award nominations and spotlights are shared as a part of our ongoing Resource Digest series. [...]
We can do better. We will do better.
To our community, NAGDCA condemns racism and discrimination in all forms. We stand with our Black members, colleagues and plan participants. We stand with the Black community here and across the world. In the flood of recent tragedies like the death of Mr. George Floyd and the stark differences for [...]
IRS provides relief to retirement plan participants to sign elections remotely
On June 3, 2020 the Internal Revenue Service issued a notice providing temporary administrative relief, which covers the period from January 1, 2020, through December 31, 2020, to allow plan participants and beneficiaries who need to make participant elections to do so remotely. The change provides temporary relief from the [...]