National Association of Insurance and Financial Advisors

NAIFA Applauds Passage of Measure to Reverse DOL Waiver for Municipal-Sponsored Retirement Plans

March 30, 2017

NAIFA President Paul Dougherty issued the following statement in response to Senate vote to reverse Department of Labor rules that would have exempted municipal-run retirement plans from ERISA regulations:   “Congress wisely recognizes that retirement plans for private-sector employees set up and run by municipal governments must be subject to the same consumer-protections and other regulatory requirements as plans offered in the existing market. We applaud the House and Senate for passin...

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 acc...

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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...