First responders will be allowed to exclude service-connected disability pension payments from gross income after reaching retirement age. Applicable plans: 401(a), 401(k), 403(a), 403(b), governmental 457(b) plans. Effective 1/1/2027.
401(a)
Review & Report to Congress Relating to Reporting & Disclosure Requirements
Review and report to Congress relating to reporting and disclosure requirements – Multi-agency deadline 12/29/2025. With combined efforts, The Treasury Department, DOL, and Pension Benefit Guaranty Corporation (PBGC) are ordered to evaluate recording and disclosure...
Lost and Found Retirement Savings
In 2021, nearly 25 million 401(k) accounts with funds valued at approximately $1.35 trillion were lost.[1] To help this issue, a database will be built and managed at the Department of Labor (DOL), allowing retirement plan participants to search for the contact...