Issues

ASPPA on the Issues

Using comment letters and testimony ASPPA Government Affairs  responds to new legislation, proposed changes to existing regulations, and proposed new regulations. Any action that would change existing pension policy or affect the work of pension professionals is the object of ASPPA comments. In its role of closely monitoring legislative and regulatory actions, ASPPA directs its comments and testimony to appropriate agencies, clearly reflecting the stance of ASPPA and its members.

Legislative & Regulatory Updates

Proposal for Self-Correction Methodology for Late Deposits of Elective Deferrals. On September 30, 2011, ASPPA submitted comments to the Department of Labor proposing modifications to its Voluntary Fiduciary Correction Program as it applies to the late deposits of elective deferrals. [Comment]

ACOPA Plus Five Request Expanded Relief. On September 26, 2011, the ASPPA College of Pension Actuaries (ACOPA) joined five other organizations in requesting that PBGC expand relief for filing errors regarding election of the alternative premium funding target.  [Letter]

Tax Reform Options: Promoting Retirement Security. On September 15, 2011, Judy Miller, MSPA, ASPPA’s Director of Retirement Policy, testified before the U.S. Senate Finance Committee at a hearing regarding Tax Reform Options: Promoting Retirement Security. [Written Testimony] [Oral Testimony]

Data Security and Privacy. On September 1, 2011, Richard Carpenter, testified on behalf of ASPPA at an Advisory Council on Employee Welfare and Pension Benefit Plans hearing on data security and privacy issues. ASPPA filed a statement for the record with the Council that addressed these issues. [Statement]

Approval of Continuing Education Providers and Programs under Circular 230. On August 16, 2011, ASPPA, the National Institute of Pension Administrators (NIPA) and the American Institute of Retirement Education (AIRE) submitted comments to the Internal Revenue Service regarding the procedures and standards for approval of continuing education providers and programs under Circular 230. [Comment]

ASPPA’s position on the issues is also available here:

Resources