News and Updates

Washington Perspective

What's New

  • President Obama's Proposed Budget for Fiscal Year 2017
    President Obama's Fiscal Year 2017 (FY17) Budget includes a number of provisions that may affect retirement plans.
  • New Safe Harbor Definitions for Normal Retirement Age
    On Jan. 26, 2016, the IRS and Department of Treasury issued proposed regulations related to the normal retirement age (NRA) in governmental 401(a) money purchase plans.
  • Public Employees and Social Security
    For public employees with a partial career covered by Social Security who also receive a public pension, Social Security's Windfall Elimination Provision (WEP) serves to reduce the Social Security benefit these employees would otherwise receive.
  • The Impact of New Social Security Rules
    The new budget bill signed into law on Nov. 2, 2015, has changed certain provisions that impact how employees may claim Social Security benefits. The law sharply limits two claiming strategies that allow individuals to boost the potential benefits they and their spouse or dependent children receive over their lifetimes.

About the Washington Perspective

Washington MonumentWelcome! The Washington Perspective provides news and information about the policies and issues that play a part in building retirement security.

Visit the Washington Perspective for updates on pending legislative and regulatory issues and notices on emerging policy initiatives. For information related to existing regulations that govern your plan, please refer to the Plan Rules section of the web site.

We work with Congress, key executive branch officials, and public sector groups to protect and build the retirement security of participants we serve. We bring our expertise in public sector retirement plans to policy makers during debates on retirement plans (401(a) and 457) and retirement health savings initiatives.

Key Legislative Issues

Capitol DomeNews and information on Congressional activity related to retirement, pensions, retiree health care, investments, and related legislation.

Key Regulatory Issues

Treasury buildingNews and information on governmental activity related to regulation of the retirement and investments industries.

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