Politicians in Washington are proposing changes to the defined contribution retirement system for reasons steaming from, 'it's a failed experiment' to 'it's working great so how do we make it better'.  The underlying reasons for focusing on retirement plans include pressure to reform the tax system and the misguided thought that the tax incentives in defined contribution plans create significant foregone government revenue.
 
Learning Points
 

• Review proposed bills affecting defined contribution plans and how would they impact Americans and their employers

• Understand the purpose of the recent Senate Finance Committee hearing and what they hope to accomplish

• Review the political landscape going into midterm elections and how it could affect retirement plan policy
  
  

About Our Presenter

Scott Betts is Senior Vice President at National Benefit Services, LLC (NBS) in Salt Lake City, Utah. NBS provides outsourced compliance administration services for employer retirement plans, flexible benefit plans and COBRA administration. It is NBS’ mission, as pension and benefit professionals partnered with benefit advisors and investment providers, to help employers provide the finest benefits for their employees. We endeavor to provide the very best customer care, be the most knowledgeable experts in the industry and achieve excellence in our organizational process and delivery. Today, NBS services over 7,500 benefit plans. In addition to employer benefit plan administration NBS also provides outsourcing services for large financial institutions. These services include payroll and transaction processing and service centers helping more than 15,000 employers.