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Congress Passes Tax Cuts and Jobs Act

On December 19, 2017, both the U.S. House and U.S. Senate passed the Tax Cuts and Jobs Act (H.R. 1). On December 20th, the House took a final vote on the measure due to slight changes in the Senate-passed version. President Trump is expected to sign the legislation into law. The tax reform legislation includes…

GASB Releases Implementation Guide for Other Postemployment Benefits

On December 19, 2017, the Governmental Accounting Standards Board (GASB) issued Implementation Guide No. 2017-3 for other postemployment benefit (OPEB) plans, Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions (and Certain Issues Related to OPEB Plan Reporting). The guide is presented in a “question and answer” format and is intended to clarify, explain…

NASBO Releases 2017 Fiscal Survey of States

On December 14, 2017, the National Association of State Budget Officers (NASBO) released their semi-annual report, Fiscal Survey of States, Fall 2017.  The report updates information on the states’ fiscal conditions, including aggregate and individual state data on general fund receipts, expenditures, and balances.  The survey was conducted by NASBO and completed by state budget…

NASRA Updates Issue Brief on State Hybrid Retirement Plans

In December 2017, the National Association of State Retirement Administrators (NASRA) released its issue brief State Hybrid Retirement Plans, which updates an earlier version published in November 2016.  The brief provides new information on public-sector retirement systems that have established hybrid plans since the previous version was released.  While the majority of public employee retirement…

Commonwealth Fund Releases Affordable Care Act Tracking Survey Findings

On December 12, 2017, the Commonwealth Fund released its issue brief, Is the Affordable Care Act Helping Consumers Get Health Care? The brief provides the findings from the Commonwealth Fund Affordable Care Act Tracking Survey from March 2017 to June 2017. This survey is the fifth in a series to track the implementation and impact…

CRR Issues Brief on Life Expectancy

On December 12, 2017, the Center for Retirement Research at Boston College (CRR) published its issue brief, Why Has U.S. Life Expectancy Fallen Below Other Countries? In recent decades, U.S. life expectancy at age 65 has been falling behind other high-income countries, predominantly for women. This is mainly due to the U.S. having higher rates…