Insurance News
Regulatory updates in plain English
Stay current with the latest from CMS, state departments of insurance, NAIC, the Federal Register, and Congress — rewritten so you can actually understand what it means for your practice.
Federal Employees' Retirement System; Present Value Conversion Factors for Spouses of Deceased Separated Employees
The Office of Personnel Management (OPM) has updated the rules for calculating survivor annuities for spouses of federal employees who die before they can access their retirement benefits. This change affects how the value of these annuities is determined for early payments. However, the payment str...
Retirement Security Rule: Definition of an Investment Advice Fiduciary: Notice of Court Vacatur
A recent court decision has overturned the 2024 rule that defined who qualifies as a 'fiduciary' under the Employee Retirement Income Security Act (ERISA). This also affects the amendments made to a specific exemption related to prohibited transactions. As a result, the original text of the exemptio...