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December 19, 2019
The U.S. Senate today passed the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 as part of the fiscal 2020 spending bill, which the House passed on Tuesday. The SECURE Act will make it easier for small businesses to offer employee retirement plans. It will also give retirement savers greater flexibility to participate in plans and choose investment options and will encourage adequate savings amounts. The American Council of Life Insurers (ACLI) estimates that SEC...
December 17, 2019
NAIFA-New Jersey has been a driving force behind legislation in the state that would exempt U.S. military veterans from initial insurance licensing fees. The state Assembly passed the bill unanimously and it has strong momentum in the Senate. “This is great legislation that encourages veterans to pursue careers as insurance professionals in New Jersey,” said NAIFA-New Jersey President Corrado Gugliotta. “It is good news for the insurance industry, and great news for consumers who will...
December 16, 2019
Congressional leaders have included the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 as part of the fiscal 2020 spending bill. The SECURE Act will make it easier for small businesses to offer employee retirement plans. It will also give retirement savers greater flexibility to participate in plans and choose investment options and will encourage adequate savings amounts. The American Council of Life Insurers (ACLI) estimates that SECURE will result in 700,000 a...
December 6, 2019
NAIFA signed on to a broad stakeholder letter to repeal the “Cadillac Tax.” These signatures represent large corporations and small companies, nonprofits, labor unions, cancer and patient groups, and state/local groups who share the concern that the “Cadillac Tax” is forcing them to increase deductibles and cut health care at rates that hurt workers and their families leaving them vulnerable to untenable health care costs. "While this tax was intended to only hit Americans with 'gold-pl...
December 5, 2019
NAIFA CEO Kevin Mayeux was among several insurance and financial industry thought leaders to participate in a CNBC roundtable discussion: “Mind the Gap: Addressing America’s Savings Shortfall.” CNBC personal finance correspondent Sharon Epperson hosted the event, which featured Sen. Rob Portman (R-OH). A chief topic of discussion raised by Mayeux, Portman, and the other participants was the SECURE Act , which would make it easier for small businesses to provide retirement plans and...