"The third quarter 2022 interest assumptions will be 2.81 percent for the first 20 years following the valuation date and 2.94 percent thereafter. In comparison with the interest assumptions in effect for the second quarter of 2022, these interest assumptions represent no change in the select period (the period during which the select rate (the initial rate) applies), an increase of 0.41 percent in the select rate, and an increase of 0.82 percent in the ultimate rate (the final rate)."  MORE >>

"The proposed regulations reflect that the required actuarial increase does not apply to a five-percent owner whose required beginning date is the calendar year in which he or she attains age 72.... The proposed regulations also address the relationship between the limitation on accelerated benefit distributions under Code Section 436 and the minimum distribution requirements of Code Section 401(a)(9).... The proposed regulations provide ... additional exceptions to the nonincreasing annuity requirement that apply without regard to a comparison of the total future expected payments and the total value being annuitized[.]"  MORE >>

14 pages. "This article summarizes state and city retirement initiatives for private-sector workers and rounds up relevant Mercer and third-party resources. This listing will be updated periodically[.]"  MORE >>

"Effective July 16, 2021, the correction period for self-correction of significant operational failures is extended from two to three years.... [E]xpanded correction principles allow plan sponsors to fix operational failures when plan participants or beneficiaries receive payments that are in excess of the plan's written terms.... The IRS also extended a provision ... relating to a safe harbor correction method available for missed elective deferrals for eligible employees subject to an automatic contribution arrangement in a 401(k) or 403(b) plan by three years."  MORE >>

20 pages. "[DC] plan withdrawal activity in the first quarter of 2022 remained low and was slightly lower than the activity observed in the first quarter of 2021.... Most DC plan participants stayed the course with their asset allocations as stock values generally declined during the first three months of the year.... DC plan participants' loan activity remained about the same in the first quarter of 2022."  MORE >>

"A preliminary estimate indicates that only 0.9% of DC plan participants stopped contributing during the first quarter of 2022, compared with 0.8% in the first quarter of 2021, 1.4% in the first quarter of 2020, and 2.7% in the first quarter of 2009."  MORE >>

"[SECURE 2.0 (HR 2954) and the RISE & SHINE Act (S 4353)] in concert would intensify rather than diminish retirement benefit disparities, while leaving tens of millions of American families and workers with insufficient savings to retire comfortably. The article analyzes those bills' provisions and describes: [1] those bills' provisions that would secure more retirement equity and how to improve those provisions, [2] those bills' provisions that would secure less retirement equity, and [3] provisions that ... if added to the bills would secure more retirement equity."  MORE >>