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CRS report via FAS – Traditional and Roth Individual Retirement Accounts (IRAs): A Primer, John J. Topoleski, Analyst in Income Security. April 27, 2016. “In response to concerns over the adequacy of retirement savings, Congress has created incentives to encourage individuals to save more for retirement through a variety of retirement plans. Some retirement plans …
Liberty Street Economics – What’s Up with GCF Repo®? Jacob Adenbaum, David Hubbs, Antoine Martin, and Ira Selig “In a recent Important Notice, the Fixed Income Clearing Corporation (FICC) announced that it would no longer support interbank trading for its General Collateral Finance Repo Service. (GCF Repo®, hereafter GCF Repo, is a registered service mark …
VanDerhei, Jack and Holden, Sarah and Alonso, Luis and Bass, Steven, 401(k) Plan Asset Allocation, Account Balances, and Loan Activity in 2014 (April 2016). EBRI Issue Brief, Number 423 (April 2016). Available for download at SSRN: http://ssrn.com/abstract=2772599 “This paper is an update of the Employee Benefit Research Institute (EBRI) and the Investment Company Institute’s (ICI) …
Government Efficiency and Effectiveness: Opportunities to Reduce Fragmentation, Overlap, and Duplication and Achieve Other Financial Benefits, GAO-16-580T: Published: Apr 27, 2016. Publicly Released: Apr 27, 2016. “GAO’s 2016 annual report identifies 92 new actions that Congress and executive branch agencies could take to improve the efficiency and effectiveness of government in 37 areas. GAO identifies …
“The OECD, IOPS, and World Bank announced today that they are collaborating to help expand global data on private pensions. The OECD and IOPS currently collect a market-leading suite of statistics on private pensions as part of the OECD’s Global Pension Statistics database and annual Pensions Markets in Focus report. Initially the data included OECD …
Via Verizon: “For the ninth time, the 2016 Data Breach Investigations Report (DBIR) lifts the lid on what’s really happening in cybersecurity. The 2016 dataset is bigger than ever, examining over 100,000 incidents, including 2,260 confirmed data breaches across 82 countries. With data provided by 67 contributors including security service providers, law enforcement and government …
The Economist Intelligence Unit [reg req’d]: “The Worldwide Cost of Living is a twice yearly Economist Intelligence Unit survey that compares more than 400 individual prices across 160 products and services. These include food, drink, clothing, household supplies and personal care items, home rents, transport, utility bills, private schools, domestic help and recreational costs. The …
Via Treasury: “Our currency is more than paper money and coins—it reveals who we are as a nation. The new $20, $10, and $5 notes will feature people, monuments, and symbols reflecting one our most celebrated values: democracy. Learn more about the new notes and the history behind them.”
Bodie, Matthew T., Employment as Fiduciary Relationship (April 25, 2016). Georgetown Law Journal, 2017. Available for download at SSRN: http://ssrn.com/abstract=2770072 “Under traditional agency law doctrine, employees are agents of their employers and owe an agent’s concomitant fiduciary duties. Employers, in turn, are merely principals and have no corresponding fiduciary duties. A new wave of thinking …
Via POGO: “The Department of Defense has proposed legislation to increase the “micro-purchase threshold” from $3,000 to $10,000. The micro-purchase threshold is essentially the maximum amount that government employees can charge to their government issued credit cards—called purchase cards—without being required to go through a more rigorous acquisition process. The micro-purchase threshold also applies to …
“A new national poll of America’s 18- to 29-year-olds by Harvard’s Institute of Politics (IOP), located at the John F. Kennedy School of Government, finds Hillary Clinton the clear front-runner over Donald Trump to win the White House in 2016. Among likely voters, Clinton has 61% of young voters and Trump 25%, with 14% of …
“Information received since the Federal Open Market Committee met in March indicates that labor market conditions have improved further even as growth in economic activity appears to have slowed. Growth in household spending has moderated, although households’ real income has risen at a solid rate and consumer sentiment remains high. Since the beginning of the …
