PRC In the News

Obama’s MyRA program seen as a modest first step to get people saving for retirement
President Obama’s plan to create retirement accounts for workers who do not have that option on the job represents a tiny first step toward addressing the increasingly urgent problem of Americans who do not save enough for old age, analysts say.

myRA retirement plans, explained [audio]
President Obama unveiled the new “MyRA” plans in his State of the Union speech last night. He stumbled a bit over the name, and there’s still some confusion about what they’ll be called — some of the folks we talked to are pronouncing it “Myra,” like the name. But the idea behind the accounts is […]

House Democrats Seek Dialogue With DOL On Conflict-of-Interest Rule Re-Proposal
Thirty House Democrats have requested to have a “dialogue” with Secretary of Labor Thomas E. Perez about the agency’s re-proposal of the rules expanding the definition of fiduciary before the rules are submitted to the Office of Management and Budget.

Fiduciary Rules, Lifetime Income Illustrations, Disclosures Top Practitioners’ DOL Concerns
The Department of Labor’s re-proposed fiduciary rule is likely to stir up a great deal of practitioner interest in 2014, along with the department’s projects on disclosures and lifetime income illustrations, practitioners told Bloomberg BNA.