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Leadership Council—A Year in Review - Vimarsana News

Leadership Council—A Year in Review

So, this is my last quarterly commentary as President of NAPA!  As I was trying to figure out what I was going to write this quarter, I had to reflect on this year as President. I have to say before I joined the Leadership Council (LC) in 2016, I had no idea what they did. Who were these mystery people that always sat in the front at Summit and seemed to have a pulse on everything NAPA?  You may not realize all the work the leadership council does, so I would like to take this opportunity to not only thank and acknowledge all the hard work of the group, but to tell you what all we did and w...

COLA Freeze Removed from Pension Bailout Plan | Chief Investment Officer - Vimarsana News

COLA Freeze Removed from Pension Bailout Plan | Chief Investment Officer

American Rescue Plan Act amendment from Chuck Schumer removes cost-of-living adjustment freeze. The American Retirement Association (ARA) has successfully lobbied to have a provision removed from the latest COVID-19 relief bill that would have frozen the annual cost-of-living adjustments (COLAs) for overall contributions to defined contribution (DC) plans and for the maximum annual benefit under a defined benefit (DB) plan, effective for calendar years beginning after 2030. A substitute amendment to the $1.9 trillion American Rescue Plan Act of 2021, submitted by Senate Majority Leader Chuck ...

Source: ai-cio.com
American Retirement Association Commends Labor Department Confirmation of Advice Exemption - Vimarsana News

American Retirement Association Commends Labor Department Confirmation of Advice Exemption

The American Retirement Association issued the following news release:. The American Retirement Association, the nation's leading advocacy organization of retirement plan professionals and plan sponsors, commends the decision by the Department of Labor to confirm that its exemption for investment advice fiduciaries will go into effect, as scheduled..

Trump-era investment-advice exemption to take effect as planned - Vimarsana News

Trump-era investment-advice exemption to take effect as planned

Trump-era investment-advice exemption to take effect as planned Bloomberg A Department of Labor prohibited transaction exemption that permits investment-advice fiduciaries to receive compensation for more types of guidance, including advice to roll over assets from a retirement plan to an individual retirement account, will go into effect Feb. 16 as scheduled, the agency said Friday. The exemption was finalized in December under the Trump administration but needed 60 days to take effect. Upon taking office Jan. 20, the Biden administration had the ability to halt and review any rule-making ef...

Take What You Need, Give What You Can - Vimarsana News

Take What You Need, Give What You Can

Take What You Need, Give What You Can RVA Community Fridges aims to address food insecurity | Photos courtesy RVA Community Fridges Expand The first RVA Community Fridge, painted by local artist Ayana Love, is located at 2025 Venable St. in Union Hill. × × × At 2025 Venable St. in Union Hill, beside the cafe and shop Pomona, sits a brightly painted vessel decorated with an abstract design. Inside, it is fully stocked with fresh produce and cartons of eggs, the shelves lined with milk and bottles of water — on the front are two big words in ...