Conditions may be right for sweeping tax reform, but the American Society of Pension Professionals and Actuaries wants to make sure those changes don't gut the private retirement system.

Craig Hoffman, general counsel and director of regulatory affairs for ASPPA, in remarks at the ASPPA's annual regional conference in Atlanta last week, said that a bipartisan group of legislators believe the private retirement system needs to be completely overhauled as part of that reform.

Because the federal government is facing rising debt, federal bond ratings continue to drop and the most of the country wants Congress to start working together to fix the country's problems, the time is right for tax reform to come to the forefront, he said.

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