Tag: 401(k)

January 5, 2022

Ted Benna: The Man You’ve Never Heard Of

In the 1978 Revenue Act passed by the United States Congress, a small provision was inserted into the Internal Revenue Code called Section 401(k). Section 401(k) allowed employees to avoid taxation on deferred compensation. Although the tax code can be …

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October 6, 2021

Why Pensions Are Critical for Teachers’ Retirement Security

In honor of World Teacher’s Day yesterday, we recognized the sacrifices teachers and school personnel make for our communities by sharing some of their stories. Today, we’re going to share why defined-benefit pensions are the best way to ensure they …

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