Last week, the Treasury Department released its legislative proposals regarding retirement plan simplification. The proposal is contained in the 2004 Blue Book entitled “General Explanations of the Administration’s Fiscal Year 2005 Revenue Proposals. Benefitslink.com has posted that portion of the Blue Book pertaining to the new proposed retirement savings proposals which you can access here. You can read the Treasury’s Press Release–“The President’s Savings Proposals: Tax-Free Savings and Retirement Security Opportunities for all Americans”–here.
Additional articles discussing the proposals:
- PlanSponsor.com: “ERSA Redux “Better”, But Doubts Linger.”
- ASPA: “Administration Announces Revised Savings Proposals — Changes Made to Address ASPA’s Concerns.”
- Urban Institute: “Key Thoughts on RSAs and LSAs.”
- LATimes.com: “Bush Plan Would Offer 4 Tax-Free Ways to Save.”
- FoxNews.com: “A Primer on Bush’s New Savings Accounts.”
- SFGate.com: “A Savings Plan Redux.”
Some critical op-eds: