Federal Regulatory and Legislative Issues Affecting State and Local Government Pension Plans: An Overview

Historically, state and local governmental pension plans did not attract much attention in our nation’s capital. Certainly, they did in the 50 state capitals, but for Washington, D.C., the issues were few and far between. We liked it that way. Today, state and local pension plans are of increasing interest to federal policymakers, both in Congress and the Executive Branch. This is so much the case that I have to use a disclaimer right now – the overview and list of issues discussed in this article are not exhaustive. The issues break generally into two categories – regulatory and legislative – with some overlap. On the regulatory front, I will talk about conversions to Roth accounts, normal retirement age, the definitions of governmental plan and municipal advisor, and the pick up rules. By Tony Roda.

Read More

Leave a Reply