Ted Godbout

1 week ago | asppa-net.org | Ted Godbout

The investigative and enforcement efforts of the Department of Labor’s Employee Benefits Security Administration would be more transparent if bills recently introduced by House Education and Workforce Committee members are enacted. The EBSA Investigations Transparency Act (H.R. 2869) introduced April 10 by Rep. Lisa McClain (R-Mich.) would require EBSA to submit an annual report to Congress providing a status update on its investigations.

1 week ago | napa-net.org | Ted Godbout

The U.S. Senate on May 6 confirmed Frank Bisignano, President Trump’s nominee to lead the Social Security Administration, on a 53-47 party-line vote. Bisignano is the former CEO of the Fiserv Corporation, a Fortune 500 payment and financial services technology company. He also served in executive positions at JP Morgan Chase and Citigroup, as well as co-chairman of the New Jersey GOP Executive Roundtable.

1 week ago | napa-net.org | Ted Godbout

While the number of Americans living to 100 and beyond is expected to quadruple over the next 30 years, a new study finds that financial planning changes to account for the increase in longevity hasn’t necessarily kept pace.   In fact, the research from the Nationwide Retirement Institute and the American College of Financial Services finds that extending a retirement by just five years from 30 to 35 years increases the risk of depleting savings by 41%, based on historical market returns.

1 week ago | napa-net.org | Ted Godbout

Two members of the House Education and Workforce Committee have introduced bills that would require greater transparency surrounding the investigative and enforcement efforts of the Department of Labor’s Employee Benefits Security Administration (EBSA). The EBSA Investigations Transparency Act (H.R. 2869) introduced April 10 by Rep. Lisa McClain (R-Mich.) would require EBSA to submit an annual report to Congress providing a status update on its investigations.

1 week ago | asppa-net.org | Ted Godbout

Legislation again introduced by Sen. John Hickenlooper (D-Colo.) would give private-sector workers who lack retirement plan coverage access to a federally run retirement plan that opponents argue would undermine the existing employer-based retirement system. Sen. Thom Tillis (R-N.C.) was the only cosponsor of the legislation (S. 1526), which was reintroduced on April 30 and referred to the Senate Finance Committee for consideration. On April 7, Rep.