Retirement Benefits For Central Govt Employees

An Analysis Of Federal Employee Retirement Data
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FACILITIES EXTENDED TO THE GOVT SERVANTS POSTED TO NE REGION
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STATE EMPLOYEES RETIREMENT SYSTEM - State Of Connecticut ...
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TRS-ERS Transfer
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New Federal 401(k) Disclosure Rules Reveal Internal Fees!

The U.S. Department of Labor is moving forward with new 401(k) fee disclosure rules that will make it necessary for plan providers to thoroughly explain how their fees will impact your returns. The new compliance deadline is set for April 1st. These new rules will help both employers and employees better understand just how much they are paying in fees and allow them to make more informed decisions about their retirement savings plan. For employers, the uniformity will help them to better understand what is part of a plan for its price and enable them to shop around for the best company plan without making their decision solely based on cost. For employees, they will gain more knowledge about how additional fees can accumulate and can choose their investments and strategy more wisely.

The new disclosure rules have been in the works since 2010, when the new regulations were originally published as part of the Employee Retirement Income Security Act (ERISA). ERISA was enacted in 1974 to protect the retirement assets of American workers by implementing rules for qualified benefit plans, such as pensions and now 401(k)s. The rules were originally set by the federal government to ensure that those who manage the assets within a retirement account do not misuse the assets and serve as a guideline to how plans should be administered.

Most people do not realize how much they're paying in fees for their 401(k) plan, and some did not even know they were paying fees at all. Watch this week's CBTV show to find out more about the fees you are being charged with your 401(k) plan!

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Retirement - Wikipedia, The Free Encyclopedia
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Pension - Wikipedia, The Free Encyclopedia
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