November 30, 2015
Paula Calimafde Provides Commentary in Plan Adviser Article on Retirement Plans
- November 30, 2015
- Related Attorneys: Paula Calimafde
- Related Practice Areas: Retirement Plans, Employee Benefits
Paula Calimafde provides commentary in Plan Adviser article, “Closer Look at State-Run Retirement Systems for Private Sector,” by Lee Barney (November 17, 2015). The article addresses new laws and guidance from the Department of Labor concerning state-run retirement plans and the issues that may arise as a result of these plans.
“'DOL’s new regulations provide that the state-run programs are not subject to ERISA, while those plans sponsored by the private sector are,’ Calimafde says. ‘For the DOL to tilt the playing field towards state-run retirement plans and against the private sector is offensive. Employee Benefits Security Administration chief, Phyllis Borzi, explained this by saying she has ‘absolute confidence that the state has the best interest of its citizens in mind.’ While this is probably true, as we all know, there is often a huge gap between intentions and results.’”
The full article, “Closer Look at State-Run Retirement Systems for Private Sector,” can be found on the Plan Adviser website.
August 15, 2019
Paley Rothman is pleased to announce that 17 lawyers have been named to the 2020 Edition of Best Lawyers in America.Read More
These small business owners and employees took saving for their retirement seriously and now stand to have their beneficiaries face disastrous income tax treatment by changing...Read More
Paley Rothman shares this library of resources with clients and friends of the firm to help them stay ahead of legal and business developments and trends. Here, you will find helpful tips and tools written by our attorneys and relevant to our areas of practice.Read More