Pension Content

The Department of Labor (DOL) and the Treasury Department and Internal Revenue Service (IRS) recently issued their updated Fall 2022 Semi-Annual Regulatory Agendas (Agendas), which include projected dates for issuance of proposed and final regulations. As described in more detail...

[34813] January 20, 2023 TO: ICI Global Members Global Regulated Funds Committee Global Regulated Funds Committee - Asia SUBJECTS: International/Global Operations Pension RE: Recent Development of China's Voluntary Private Pension Scheme China’s State Council released a high-level...

The Internal Revenue Service (IRS) issued a proposed regulation that would provide permanent relief from the physical presence requirement for spousal consents required to be witnessed by a plan representative or a notary public. The proposal includes conditions very similar to the...

On December 29, 2022, the President signed the Consolidated Appropriations Act, 2023 (H.R. 2617), which includes the SECURE 2.0 Act of 2022 ("SECURE 2.0 Act" or the "Act"). The US Senate approved the year-end spending package by a 68-29 vote on December 22, 2022 and the US House of...

The Institute's 2022 surveys on state tax matters are now available on the Institute's website.

On November 22, 2022, the Department of Labor (DOL) released its final rule on "Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights" which addresses the consideration of environmental, social, and governance (ESG) factors in selecting plan investments...

The Internal Revenue Service (IRS) issued Notice 2022-62, providing the 2022 Required Amendments (RA) List for certain individually designed retirement plans. Beginning with the RA List from 2019, the annual RA List applies to both individually designed retirement plans qualified...

The IRS and Treasury Department have released their 2022–2023 Priority Guidance Plan listing their priorities for tax regulations and other administrative guidance through June 2023.

The Department of Labor (DOL) has released proposed updates to its Voluntary Fiduciary Correction Program (VFCP), which is designed to encourage the voluntary correction of fiduciary violations by allowing plan fiduciaries to avoid civil penalties and excise taxes by voluntarily...

In September, ICI and several other trade organizations submitted the attached letter to the Department of Labor (DOL) expressing concern regarding DOL’s use of subpoena power to collect vast amounts of retirement plan participants’ confidential, personally identifiable information...