Tag: TSP
Candidly, I’m confused by our Department of Labor (DOL). On June 23 the DOL released a strongly worded rule for private pensions covered by the Employee Retirement Income Security Act of 1974 (ERISA) saying that: “It is unlawful for a fiduciary to sacrifice return or accept additional risk to promote a public policy, political, or…
I’m always on the lookout for proposed policies that affect pensions, and the president’s fiscal 2019 budget includes a number of proposals to reduce retirement benefits for federal civilian workers. The bulk of federal civilian workers are automatically covered by a defined-benefit plan – the Federal Employees Retirement System (FERS). FERS provides a benefit at age 62…
