News & Analysis as of

Retirement Plan Federal Budget

Blake, Cassels & Graydon LLP

Budget fédéral 2024 : Mesures visant les régimes de retraite, les avantages sociaux et la rémunération des hauts dirigeants

Le 16 avril 2024, le gouvernement fédéral a déposé son budget de 2024 (le « Budget 2024 »), lequel renferme un certain nombre de dispositions concernant les régimes de retraite, les avantages sociaux et la rémunération des...more

Blake, Cassels & Graydon LLP

2024 Federal Budget: Selected Pensions, Benefits and Executive Compensation Measures

On April 16, 2024, the federal government tabled its 2024 budget (2024 Budget), which included a number of provisions related to pensions, benefits and executive compensation. Here is an overview of such key provisions in...more

Groom Law Group, Chartered

Biden’s 2024 Budget Includes Familiar Health, Retirement Proposals

On March 9, 2023, President Biden released his budget for Fiscal Year 2024. Similar to proposals in its last budget, the Administration’s new budget proposes a number of major tax increases, including the following:...more

Blake, Cassels & Graydon LLP

2023 Federal Budget: Selected Pensions, Benefits and Executive Compensation Measures

On March 28, 2023, the federal government tabled its 2023 budget (2023 Budget), which included a number of provisions related to pensions, benefits and executive compensation, as summarized below. Here is an overview of...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

Beltway Buzz - April 2022

This week, President Biden released his budget for fiscal year (FY) 2023, which begins on October 1, 2022. As the Buzz has written many times in the past, because the U.S. Congress has the “power of the purse” and is solely...more

Blake, Cassels & Graydon LLP

Budget fédéral 2021 : mesures touchant les régimes de retraite, les avantages sociaux et la rémunération des hauts dirigeants

Le 19 avril 2021, le gouvernement fédéral a déposé son budget de 2021 (le « Budget 2021 »), lequel renferme un certain nombre de dispositions concernant les régimes de retraite, les avantages sociaux et la rémunération des...more

Blake, Cassels & Graydon LLP

2021 Federal Budget: Selected Pensions, Benefits and Executive Compensation Measures

On April 19, 2021, the federal government tabled its 2021 budget (2021 Budget), which included a number of provisions related to pensions, benefits and executive compensation, as summarized below. Here is an overview of...more

McAfee & Taft

Repeal of Cadillac Tax, increase of RMD age included in end-of-year federal spending bill

McAfee & Taft on

Last Friday night, President Trump signed into law a year-end $1.4 trillion spending bill that will fund the government through September 30, 2020. Included in the bill were a number of provisions that impact...more

Robins Kaplan LLP

Financial Daily Dose 12.20.2019 | Goldman nearing $2B deal with DOJ to resolve 1MDB scandal claims

Robins Kaplan LLP on

Goldman Sachs is reportedly in negotiations with federal prosecutors to resolve claims about its role in the Malaysian 1MDB scandal for upwards of $2 billion. A settlement—which “could include a guilty plea from Goldman’s...more

Brownstein Hyatt Farber Schreck

Year-End Spending Bill Includes Tax Extenders, Disaster Tax Relief

Just past midnight on Dec. 17, lawmakers released an amendment to one of two spending bills released on Dec. 16—H.R. 1865—the Further Consolidated Appropriations Act of 2020. Most notably, the amendment included an extension...more

Poyner Spruill LLP

The Impact of the Federal Budget Deal on Retirement Plans

Poyner Spruill LLP on

On February 9, 2018, Congress passed the amended Bipartisan Budget Act of 2018. This Act contained provisions impacting retirement plans. Sponsors should decide whether to adjust their plan documents and policies in response...more

Robinson & Cole LLP

Federal Budget Deal Includes Changes to Retirement Provisions

Robinson & Cole LLP on

The Bipartisan Budget Act of 2018 (Act) was approved by Congress and signed into law by the President on February 9, 2018. Included in the Act are certain provisions impacting retirement plans that were initially considered...more

Ballard Spahr LLP

Bipartisan Budget Act of 2018 Enacts Changes to Employee Retirement and Health Benefit Plans, and Medicare

Ballard Spahr LLP on

Following a brief shutdown of the federal government, on February 9, Congress passed and President Donald J. Trump signed into law the Bipartisan Budget Act of 2018 (Budget Act), which provides Congress until March 23 to...more

BCLP

The President’s Benefits Budget Proposals

BCLP on

A few weeks ago, the President released his proposed budget for the fiscal year 2017. As usual, it is dense. However, the President has suggested some changes to employee benefits that are worth noting. ...more

Baker Donelson

Washington, D.C. Update – February 2016

Baker Donelson on

Entering 2016, House Speaker Paul Ryan (R-WI) and Senate Majority Leader Mitch McConnell (R-KY) agreed to make FY17 appropriations the centerpiece of this year's legislative agenda. Both pledged "regular order" in the FY17...more

McDermott Will & Emery

White House Budget Proposal Includes Many Retirement-Related Provisions

McDermott Will & Emery on

On February 2, 2015, the White House released its Fiscal Year 2016 Budget, which includes a number of tax code changes targeting retirement savings. If enacted as presented, the proposals would have a significant effect on...more

Eversheds Sutherland (US) LLP

Legal Alert: President's 2014 Budget Includes Employee Benefits Proposals

On April 10, 2013, the White House released its Fiscal Year 2014 Budget (the Budget), which includes a number of proposals related to employee benefit plans. Although it is unlikely that all of the proposals will ultimately...more

Eversheds Sutherland (US) LLP

IRS Pressures Build: Budgetary Constraints, the Aging IRS Workforce and Changes in IRS Focus

On April 10, 2013, President Obama released his proposed Fiscal Year 2014 Budget of the U.S. Government. The budget calls for an increase in funding for the Internal Revenue Service (“IRS”), which has faced budget cuts in...more

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