NAIFA Blog

NAIFA Treasurer Tassey to Testify Before Congressional Subcomittee on Cafeteria Plans

March 15, 2017

NAIFA Treasurer Matt Tassey is set to testify March 16 before the House Small Business Subcommittee on Economic Growth, Tax, and Capital Access at a hearing  titled, “Cafeteria Plans:  A Menu of Non-Options for Small Business Owners.”     Cafeteria plans allow eligible workers to contribute a limited portion of their pre-tax compensation to designated accounts to support a variety of qualified benefits, which may include: Accident and health benefits (but not Archer medical savings ...

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NAIFA Issues Statement on ACA Repeal and Replace Legislation

March 7, 2017

NAIFA President Paul Dougherty issued the following statement on the proposed legislation to repeal and replace the Affordable Care Act: "NAIFA continues to review the American Health Care Act and looks forward to working with Congress to help lower costs and ensure coverage is available to all citizens—without jeopardizing the high quality of care American consumers expect. Many of the provisions appear to align with NAIFA’s recommended health principles . NAIFA is pleased the legislati...

NAIFA Urges Congress to Reject DOL Exemption for State-Run Retirement Plans

February 14, 2017

The Department of Labor last year implemented regulations permitting state and local governments to create mandatory retirement savings plans for private-sector employees and exempting those plans from investor protections required under the federal ERISA law.   Congress is now considering a pair of measures under the Congressional Review Act that would negate the DOL rules. NAIFA has sent letters to the leadership in the House and the Senate urging Congress to invalidate the DOL re...

Groups Urge Repeal of Cadillac Tax, Reject Tax Exclusion Cap for Health Benefits

February 13, 2017

NAIFA, along with 26 other organizations, has signed on to a letter to the White House National Economic Council “calling for a full and permanent repeal of the 40 percent ‘Cadillac Tax” on health benefits and protecting the longstanding tax treatment of employer-sponsored coverage.”   The letter further urges the Trump administration to oppose any cap on the individual tax exclusion for employer-provided plans. Many Affordable Care Act replacement proposals include such a cap , which wo...

NAIFA President: ‘Safe harbor’ regs could diminish retirement savings

February 9, 2017

On behalf of NAIFA, NAIFA President Paul Dougherty sent a letter to Speaker Ryan and Leader Pelosi to urge their support of H.J. Res 66 and H.J. Res 67 to invalidate the DOL’s “safe harbor” regulations for government saving plans. “For decades, there has been a uniform set of federal policies governing employer-provided retirement plans to ensure clear rules of the road for employers to follow and strong protections for America’s workers and retirees,” Dougherty wrote. “However, in 2016, ...