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News Archive
PSCA Joins Group Letter on Death Master File Certification
PSCA joined 14 other organizations to urge the Department of Commerce to mitigate any harmful effects in the new certification program for accessing the Social Security Administration-produced Death Master File (DMF). The DMF contains personal identification data of deceased persons. It is widely used to administer various employer provided... Read More >>
David Booth, Chairman and Co-CEO of Dimensional Fund Advisors to Chair PSCA Investment Committee
The Plan Sponsor Council of America (“PSCA”) is proud to announce that David Booth, chairman and co-CEO of Dimensional Fund Advisors, a global asset management firm, has been appointed chairman of the PSCA’s Investment Committee. In this capacity, David will assist leading Plan Sponsors and industry stakeholders as they apply the science of... Read More >>
PSCA Urges Treasury to Apply Same Sex Marriage Rules Prospectively
PSCA joined several other associations on a letter urging anticipated Department of Treasury guidance on the impact of the United States v. Windsor decision on retirement plans to be required to be applied on a prospective-only basis. The IRS issued the first round of guidance on August 29, 2013 (see the August Executive report), and mandated a... Read More >>
Coalition to Protect Retirement Launches Campaign to Safeguard Retirement Savings Incentives
Coalition to Protect Retirement Launches Campaign to Safeguard Retirement Savings Incentives Nearly 9 in 10 Americans Say Retirement Savings Accounts Should be “Off Limits” As a Source of New Tax Revenue Part of National Campaign to Raise Awareness About Benefits of Tax Deferral WASHINGTON, D.C. — Americans overwhelmingly – by a margin of 4 to 1... Read More >>
IRS and Treasury Adopt "State of Celebration" Rule for Same Sex Marriage
On August 29, the Department of Treasury and the Internal Revenue Service issued Revenue Ruling 2013-17 to clarify the treatment, for tax purposes, of same-sex marriages following the Supreme Court’s June decision in United States v. Windsor. In Windsor, the Court held unconstitutional Section 3 of the Defense of Marriage Act that provided, for... Read More >>
PSCA Comment Letter
The Plan Sponsor Council of America (PSCA) is pleased to comment on the Advance Notice of Proposed Rulemaking (the ANPRM) regarding a requirement to include an account balance projection and lifetime income stream illustrations to the benefit statement provided to individual account plan participants and certain beneficiaries. PSCA is a nonprofit... Read More >>
The Impact of the DOMA Ruling on Defined Contribution and Healthcare Plans
On June 26, the Supreme Court announced its decision that the Defense of Marriage Act, signed into law in 1996, is unconstitutional. This means that same-sex marriages are recognized under federal law. On July 1, PSCA hosted a discussion about how the Supreme Court's decision will affect the treatment of same-sex spouses in defined contribution... Read More >>
Locating Missing and Lost Participants
June 4, 2013 As a member of the Plan Sponsor Council of America’s Legal and Legislative Committee and an employee benefits lawyer who has advised employers for over 30 years, I am pleased to appear before the Council to discuss certain issues relating to providing retirement plan benefits to missing and lost participants. The Plan Sponsor Council... Read More >>
Retirement Savings and Participation on the Upswing in 403(b) Plans
From participation and savings to employer contributions, the numbers from the latest survey of 403(b) plans generally point in one direction: up. Read more. Read More >>