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Going forward, the government will have to pay more – not less – to be competitive. A suggested revenue proposal that was initially included in Trump’s “one big beautiful bill” would increase the contribution that federal employees make to their defined benefit plan. Increasing the contribution rate might be a good idea if federal employees…
What is the Labor Department thinking? The U.S. Department of Labor (DOL) just rescinded 2022 guidance that discouraged fiduciaries from including cryptocurrency options, such as bitcoin, in 401(k) retirement plans. DOL said that it was just taking the agency’s thumb off the scale and was “neither endorsing, nor disapproving of” fiduciaries who decide to includ…
