Retirement Regulation

In his first speech since leaving the presidency, Joe Biden spoke last night of Trump's "damage and destruction" to the Social Security Administration, while the White House announced yesterday that Trump will always protect Social Security benefits.

The Department of Labor has requested an additional 60 days so that it can consider next steps in regard to two court challenges to its controversial fiduciary rule, which has been on hold since last year.

The telecom giant is one of the latest employers to get sued for using forfeited plan funds from departed employees to pay administrative expenses, in violation of ERISA duties.

Following the administration's tariff announcement, approximately $169 billion was lost during the April 3-8 trading day period (and $248.8 billion in assets in 2025), according to the non-profit pension fund institution.

The Retirement Savings for Americans Act, which would offer a federally-run program, is supported by National Economic Council but the American Retirement Association worries that many small employers would close their 401(k)s.

While President Trump promises to "always protect" Social Security, the Schwarz Center for Economic Policy Analysis has suggested steps both Congress and Trump, as well as the SSA Acting Commissioner, should take to restore trust in the federal agency.