Tender Details

Country: USA
Summary: NOTICE OF PROPOSED UPDATE TO THE RETIREMENT SYSTEM IRS COMPLIANCE POLICY - Section 603
UST Ref No: 129319176
Deadline: 30 Nov 2025
Financier: Self Financed
Purchaser Ownership: Government
Tender Value: Refer Document
Notice Type: Tender
Document Ref. No.:
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Description:
Tender are invited for NOTICE OF PROPOSED UPDATE TO THE RETIREMENT SYSTEM IRS COMPLIANCE POLICY - Section 603
Department: Administration
Category: Public Notices
Sub-Category:
Location(s): Statewide
Project/Regulation #:

Publish Date: 11/1/2025
Archive Date: 11/30/2025

Events/Deadlines:

Tender are invited for The Department of Administration, Division of Retirement and Benefits (Division), is working to update the Retirement System IRS Compliance Policy. This update to is intended to maintain compliance with IRC 401(a) where the Secure Act 2.0 stated: Starting January 1, 2026, if you earn over $145,000 in FICA compensation for 2025 and decide to make catch-up contributions, they MUST be made as Roth contributions. This is a result of SECURE Act 2.0 legislation.Secure 2.0 Law Section 603 Catch up contributions to Section 401(a) qualified plans, Section 403(b) plans, and governmental Section 457(b) plans must be made to on a Roth basis, except for eligible participants whose prior year wages do not exceed $145,000 (indexed for inflation). Financial Impacts None/Minimal impact to the Plan(s), Employers, or of the State of Alaska Retirement Plans. Financial impacts to those who meet eligibility could be minimal to substantial. Each person will be different. Member Impacts Eligible participants are subject to the requirements of section 414(v)(7)(A), then any catch-up contributions that a...
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NOTICE OF PROPOSED UPDATE TO THE RETIREMENT SYSTEM IRS COMPLIANCE POLICY - Section 603 - USA Tender

The ADMINISTRATION, a Government sector organization in USA, has announced a new tender for NOTICE OF PROPOSED UPDATE TO THE RETIREMENT SYSTEM IRS COMPLIANCE POLICY - Section 603. This tender is published on USARFP under UST Ref No: 129319176 and is categorized as a Tender. Interested and eligible suppliers are invited to participate by reviewing the tender documents and submitting their bids before the deadline on 2025-11-30.

The estimated tender value is Refer Document, and full details, including technical specifications and submission requirements, are provided in the official tender documents. Ensure all submissions meet the criteria outlined to be considered for evaluation.