Major tax law changes that would affect retirement plans probably won’t take place in 2013, but the retirement community is watching regulators and the U.S. Department of Labor very closely.
Ed Ferrigno, vice president of Washington affairs for the Plan Sponsor Council of America, said that his organization is watching Congress’ tax reform and deficit reduction discussions to make sure there aren’t any provisions in them that would negatively impact retirement plans and plan sponsors.
Some stability was achieved in the retirement community through the Pension Protection Act of 2006. Plan sponsors are looking for that same kind of stability in the defined contribution world.
They also want to help make the system better.