Your job now is never ending which is a bad sign for this country. You have my admiration.
What happens when Obamacare is declared unconstitutional?
Retirees who rolled over their 401Ks a decade ago, will they fall under the new interpretations now?
If Obamacare is declared unconstitutional, you will see much rejoicing in the streets and much anger at Obama, Pelosi and Reid. Their adventure in socialism has cost the health care industry untold billions of dollars in costs and fees in order to prepare for the implementation of Obamacare. Some of it went into effect almost immediately, but there has been a slow and steady march of requirements that the industry has been prepping and implementing. It will all be for naught and that frustration will be palpable.
The DOL is, right now, working towards explanding their authority towards roll-over IRAs. Again, this is a stretch, as the “I” stands for Individual and ERISA has NO jurisdiction of Individual Retirement Accounts (yet).
I sit on the Great Lakes IRS Employee Plans Council. We meet in Chicago three times a year (last week was the Spring meeting) and all of the regionsl conduct a national conference in February. Feel free to sit in on a meeting if you are still in Chicago.