Senate Passes PACE ACT

October 1, 2015

With the Senate today passing S. 1099, both chambers of Congress have now passed the Protecting Affordable Coverage for Employees (PACE) Act, which will ensure that small group markets remain defined as 1-50 employees rather than change to 1-100 employees on Jan. 1, 2016. On Sept. 28, the House passed H.R. 1624. The Obama Adminisration will now consider the combined legislation. “Small businesses often rely on NAIFA members to advise them on appropriate health insurance and employee ben...

NAIFA Video: Rep. Susan Brooks on the DOL Proposed Rule

September 24, 2015

Rep. Susan Brooks (R-IN) thanks NAIFA members for serving people saving for retirement and pledges to oppose the Department of Labor’s unworkable fiduciary rule proposal.

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NAIFA Secretary Speaks out on DOL Proposed Fiduciary Rule

September 21, 2015

NAIFA Secretary Paul Dougherty, along with Camille Simpson, Assistant Vice  President and Counsel, Federal Affairs, MassMutual; and Peter Pastre, Vice-President, Global Government Relations, MetLife; made the case about how the Department of Labor’s fiduciary proposal would negatively impact customers and individuals as they prepare for retirement.     At a Sept. 18 briefing sponsored by the Financial Security & Life Insurance Caucus, the three spoke on how the rules would have a chil...

Letter by House Democrats Urges DOL to Reconsider Fiduciary Proposal

September 17, 2015

NAIFA President Juli McNeely issued the following statement:   NAIFA is pleased that Rep. Gwen Moore (D-WI) and more than 20 of her Democratic colleagues in the House have circulated a letter to Labor Secretary Thomas Perez supporting “improvements to the Dept. of Labor retirement investment rulemaking.” The members of Congress correctly point out that the proposed rule’s Best Interest Contract Exemption would create “practical problems for providers to implement the exemption as proposed...

Watch NAIFA President Testimony Before House Committees on DOL Fiduciary Rule

September 11, 2015

NAIFA President Juli McNeely told members of two House subcommittees that the Labor Department's proposed fiduciary rule will hinder saving and hurt clients.  "There will be massive market disruption, and many middle-income savers will suffer without advice," McNeely said." Testifying Sept. 10 before the House subcommittees on Oversight and Investigations and Capital Markets and Government Sponsored Enterprises, McNeely said NAIFA is concerned about the negative impact the rule wo...