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February 14th, 2023 Information & Insights for the 403(b) Community Public Pension Return Assumptions Fall in 2022, NCPERS Says Overall funded status rose 3 percentage points to 77.8% on private equity, real estate returns. DOL Seeks More Comments on Correction Program The Department of Labor extended to mid-April the deadline for public comments on amendments to the Voluntary Fiduciary Correction Program to reflect the impact of the SECURE Act 2.0. Ask the Experts How Frequently Can Emergency Withdrawals Be Taken Under SECURE 2.0? Though I know the provision to allow for emergency distributions from retirement plans is not available until 2024, I’m a bit confused as to how frequently such distributions can be taken. Can the Experts clarify? Biden Uses Address to Pledge Support for Social Security, Medicare The president acknowledged pocketbook issues causing Americans financial stress and proposed legislation to address several in wide-ranging speech. SECURE 2.0 Has Passed. Now What? Join PLANSPONSOR, PLANADVISER and industry experts for a webinar on February 22 as we discuss the impact many provisions in the SECURE 2.0 legislation will have on plan sponsors and participants; a timeline for the issuance of new rules and regulation effective dates; and what actions plan sponsors must take now to comply with the law. Did someone forward you this newsletter? Sign up here to get (b)lines directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2024 Asset International, Inc. All rights reserved. No reproduction without prior authorization. Modern Slavery Statement 2022 | Do Not Sell My Personal Information | Privacy (including cookies), Social Media & Legal 702 King Farm Boulevard, Suite 300, Rockville, MD 20850