Lifetime Income Disclosure Act

See Addendum.S. 267, "Lifetime Income Disclosure Act". S. 1557, "Automatic IRA Act of 2011" - a bill to amend the Internal Revenue Code to promote and simplify Qualified Plans. S. Con. Res (62), expressing the sense of the Congress that our current tax incentives for retirement savings provide important benefits to Americans. H.R. 677, "Lifetime Income Disclosure Act". H.R. 4049, "Automatic IRA Act of 2012", - Amends the Internal Revenue Code to require certain employers who do not maintain qualifying retirement plans or arrangements to make available to their eligible employees a payroll deposit individual retirement account (IRA) arrangement. H.R. 4050, "Retirement Plan Simplification and Enhancement Act of 2012". H. Con. Res. 101, expressing the sense of the Congress that our current tax incentives for retirement savings provide important benefits to Americans. No Bill Number - a proposal for e-disclosure for all required ERISA/IRSC notices. No Bill Number - The Shrinking Emergency Account Loses Act of 2013 (SEAL) - a bill to give workers, who leave their jobs, up until the time they file their federal taxes to repay outstanding loans under DC plan. No Bill Number - The Universal Secure and Adaptable (USA) Retirement Fund - a proposal to increase retirement coverage. Dept. of Labor, final rul adding Section 2520.104(b)-1(c), Electronic Distribution of Disclosures Required by Title 1 of ERISA, 75 FR 19285 (4/7/11). Dept. of Labor, proposed rule amending Section 2510.3-21 c, (definition of term "fiduciary"), 75 FR 65263 (10/22/10). Dept. of Labor proposed rule amending Section 2550.404a-4, Selection of Insurers to provide guaranteed retirement income- safe harbor for individual account plans.

Client expense: $1,020,000 · Firm income: Not reported

Government targets: Commodity Futures Trading Commission (CFTC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

H.R. 677, S. 267 Lifetime Income Disclosure Act; H.R. 1534 SAVE Act; Proposed ERISA fiduciary investment advice rule; eDelivery (in connection with 401(k) fee disclosure rules) Fee disclosure regulations

Client expense: $800,000 · Firm income: Not reported

Government targets: Commodity Futures Trading Commission (CFTC), HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, White House Office

Issues related to H.R. 4173, "The Dodd-Frank Wall Street Reform and Consumer Protection Act", H.R. 677 "Lifetime Income Disclosure Act", S. 267, "Lifetime Income Disclosure Act", H.R. 1062, "Burdensome Data Collection Relief Act", Issues related to H.R. 2308, The SEC Regulatory Accountability Act, Issues related to H.R. 2434, Financial Services and General Government Appropriations Act, 2012, H.R. 4624, The Investment Adviser Oversight Act of 2012Issues related to H.R. 3606, The Jumpstart our Business Startups Act

Client expense: $507,675 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

401 (k) disclosure: Track Department of Labor rulemaking regarding 401 (k) fee Disclosure. Lifetime Income Disclosure ACT: Follow introduction and lobby for legislation that would require 401 (k) plan participants an annual statement projecting the monthly income that would be generated if the account balance were amortized as retirement. This is H.R. 677 in the House and S.267 in the Senate. Argue against possible changes to the tax treatment of life insurance products.

Client expense: $560,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Risk Management Agency, SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

Financial Services Regulatory Reform: Lobby for favorable implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 regarding insurers, including a resolution fund for failing firms and the possible designation of insurers and asset management companies as systemically important by the Financial Stability Oversight Council.Also, lobby for robust and effective Federal Insurance Office. Also with key trade associations, worked on regulatory strategy for the implementation of Dodd-Frank. Holocaust insurance issues/ICHEIC: Monitored and lobbied against legislation (H.R. 890) that would allow a cause of action against U.S. Insurance companies with European affiliates that may have written life insurance policies involving Holocaust victims in contravention of international agreements and lobbied against its advancement. Credit-based insurance scored: Monitor legislation that would restrict the ability of personal lines insurers to use credit information of underwriting or setting rates. Climate and energy legislation: Monitor White House, Department of Energy and Environmental Protection Agency " Better Building Initiative" monitored General Services Administration initiative on green buildings and related sustainable products. National Catastrophe/Flood Insurance: Track Reintroduction and House passage of National Flood Insurance Reform legislation in the House, H.R. 1309, track companion legislation in the Senate. Monitored H.R. 41 raising the NPIP's borrowing authority and providing direct assistance for areas affected by Hurricane Sandy. Broker-dealer regulatory reform/standard of care: Monitor Securities and Exchange Commission and Department of Labor rulemaking regarding investment advisors and broker-dealers and the fiduciary duty standard. Annuities; Track and lobby for the Lifetime Income Disclosure Act, S. 267 and H.R. 677, which has been introduced in the House and Senate. Department of Labor Fiduciary Duty Rulemaking. Monitor and lobby against Department of Labor rulemaking that would expand the definition if "fiduciary" under ERISA. Medicare Secondary-Payer: Through trade association, track efforts by the Center for Medicare and Medicaid Service to implement the Medicare Secondary-payer law.

Client expense: $560,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Risk Management Agency, SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

Issues related to H.R. 4173, The Dodd-Frank Wall Street Reform and Consumer Protection Act, H.R. 677 Lifetime Income Disclosure Act, S. 267, Lifetime Income Disclosure Act, H.R. 1062, Burdensome Data Collection Relief Act, Issues related to H.R. 2308, The SEC Regulatory Accountability Act, Issues related to H.R. 2434, Financial Services and General Government Appropriations Act, 2012, H.R. 4624, The Investment Adviser Oversight Act of 2012 Issues related to H.R. 3606, The Jumpstart our Business Startups Act

Client expense: $526,607 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 677, S. 267 Lifetime Income Disclosure Act; H.R. 1534 SAVE Act; Proposed ERISA fiduciary investment advice rule; eDelivery (in connection with 401(k) fee disclosure rules) Fee disclosure regulations

Client expense: $940,000 · Firm income: Not reported

Government targets: Commodity Futures Trading Commission (CFTC), HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, White House Office

See Addendum. S. 267, "Lifetime Income Disclosure Act". S. 1557, "Automatic IRA Act of 2011" - a bill to ammend the Internal Revenue Code to promote and simplify Qualified Plans. S. Con. Res (62), expressing the sense of the Congress that our current tax incentives for retirement savings provide important benefits to Americans. H.R. 677, "Lifetime Income Disclosure Act". H.R. 4049, "Automatic IRA Act of 2012", - Amends the Internal Revenue Code to require certain employers who do not maintain qualifying retirement plans or arrangements to make available to their eligible employees a payroll deposit individual retirement account (IRA) arrangement. H.R. 4050, "Retirement Plan Simplification and Enhancement Act of 2012". H. Con. Res. 101, expressing the sense of the Congress that our current tax incentives for retirement savings provide important benefits to Americans. No Bill Number - a proposal for e-disclosure for all required ERISA/IRSC notices. Dept. of Labor, final rul adding Section 2520.104(b)-1(c), Electronic Distribution of Disclosures Required by Title 1 of ERISA, 75 FR 19285 (4/7/11). Dept. of Labor, proposed rule amending Section 2510.3-21 c, (definition of term "fiduciary"), 75 FR 65263 (10/22/10). Dept. of Labor proposed rule amending Section 2550.404a-4, Selection of Insurers to provide guaranteed retirement income- safe harbor for individual account plans.

Client expense: $1,730,000 · Firm income: Not reported

Government targets: Commodity Futures Trading Commission (CFTC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

H.R. 1534 Small Businesses Add Value for Employees (SAVE) Act H.R. 677 Lifetime Income Disclosure Act H.R. 4049 / S. 1557 Automatic IRA of 2012 H.R. 4050 Retirement Plan Simplification and Enhancement Act of 2012 Proposed DOL Fiduciary Regulations Issues relating to electronic disclosure Issues relating to Dodd-Frank, CFTC and SEC swap-related regulatory isues GMWB Interpretive Issues Issues Relating to Multiple Employer Plans MEPs/MSEPS Department of Labor Guidance on Self-Directed Brokerage / FAB 2012-02 Q&A 30 408b-2 Service Provider Fee Disclosure Regulatory Issues

Client expense: $1,900,000 · Firm income: Not reported

Government targets: Commodity Futures Trading Commission (CFTC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), Office of Management & Budget (OMB), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, U.S. Trade Representative (USTR)

Proposals related to annuitization. Proposals related to longevity insurance. S.267/H.R. 677, Lifetime Income Disclosure Act. H.R.1534, SAVE Act. Issues related to lifetime income disclosures and benefits statement design. Proposals related to tax incentives for retirement savings. Issues related to lifetime income investment options. H.R. 4050, Retirement Plan Simplification and Enhancement Act. Issues regarding use of brokerage windows in defined contribution plans.

Client expense: Not reported · Firm income: $10,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Proposals related to annuitization. Proposals related to longevity insurance. S.267/H.R.677, Lifetime Income Disclosure Act. H.R. 1534, SAVE Act. Issues related to lifetime income disclosures and benefits statement design. Proposals related to tax incentives for retirement savings. Issues related to lifetime income investment options. H.R. 4050, Retirement Plan Simplification and Enhancement Act. Issues regarding use of brokerage windows in defined contribution plans.

Client expense: Not reported · Firm income: $10,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Retirement Security in the following bills: HR677, S267 - Lifetime Income Disclosure Act Auto-IRAs DOL Fiduciary Proposal (DOL Fiduciary Definition Regulation) Amendment to Change Distributions of Retirement Plans and IRAs for Beneficiaries Lifetime Income Illustrations Tax Benefits of Defined Contribution Plans

Client expense: $360,000 · Firm income: Not reported

Government targets: Federal Reserve System, HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

Proposals to expand retirement plan coverage, including proposals to reform the multiple employer plan rules. Proposals related to expansion of SIMPLE IRAs, establishment of discretionary payroll deduction IRAs and creation of new qualified retirement plans for small business. Issues related to tax incentives for retirement savings. Issues related to the Department of Labor's proposed regulation defining fiduciary. S. 267/H.R. 677, Lifetime Income Disclosure Act. H.R. 1534, SAVE Act. Qualified plan issues. Issues related to EPCRS. Tax incentives for 457 plans. H.R. 4050, Retirement Plan Simplification and Enhancement Act. Application of the Volcker rule to insurance company general accounts. Proposals that would consolidate various retirement and IRA types. Proposals related to annuity incentives. Issues related to use of brokerage windows in defined contribution plans.

Client expense: Not reported · Firm income: $10,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of

Discussed financial regulatory reforms, including consumer and investor protections. (no bill) Pub.Law 111-203, Dodd-Frank Wall Street Reform and Consumer Protection Act - Discussed implementation of legislation. H.R.677/S.267, the Lifetime Income Disclosure Act-Supported the original co-sponsors of the House and Senate versions of the Lifetime Income Disclosure Act. This legislation would provide individuals with a better understanding of the lifetime value of their 401(k) plan assets by including in a yearly benefit statement a conversion of their total accrued benefits into a monthly dollar amount as if they had opted to receive a lifetime annuity. Discussed pending DOL and SEC regulations on the definition of a fiduciary. (no bill) H.R. 1125, Debt free America Act - Discussed legislation to repeal after 2021 the individual income tax, refundable and non-refundable personal tax credits, and the alternative minimum tax (AMT) on individuals and impose a 1% fee on bank transactions for debt reduction purposes. H.R.2940/S.1831, Parts of the JOBS Act Package - Lobbied and wrote a letter in opposition to pairing back Regulation D protections in stock offerings. H.R.2930/S.1970/S.1791, Parts of JOBS Act Package - Lobbied to restore consumer protections regarding "crowd funding" of initial public offerings (IPO's) that the bill curtailed. H.R. 3606, JOBS Act - Lobbied and wrote in support of the Reid/Levin/Landrieu amendment in the nature of a substitute, and in favor of the "crowd funding" amendment. Presented testimony and worked with Staff of the House Financial Services Subcommittee on Insurance, Housing and Community Opportunity, on Federal Housing Administration oversight of reverse mortgages. AARP seeks continuation of, and improvement to the program. (no bill) Discussed implications of H.R. 4624, the "Investment Advisor Oversight Act." Responded to SEC request for Comment on Financial Literacy and Disclosure. H.R. 6020/S.3301, Financial Services and General Government Appropriations Act for FY 2013 - Lobbied to protect new Consumer Financial Protection Bureau from annual appropriations scrutiny and to protect funding levels for SEC, CFTC, FTC and IRS Taxpayer Services programs. H.R. 4078, the Red Tape Reduction and Small Business Job Creation Act - sent letter to all members of the House opposing the title incorporating H.R. 2308, the SEC Regulatory Accountability Act. S. 3468, the Independent Agency Regulatory Analysis Act - Lobbied for Senate Homeland Security and Governmental Affairs Committee hearings and input from agencies before a committee mark up. Participated in August 1 roundtable at the Department of Treasury to discuss implementation of the JOBS Act. Wrote to the Securities and Exchange Commission recommending that they not move to an interim final rule on general solicitation and advertising under the JOBS Act without first receiving comment from the public. S. 3468, the "Independent Agency Regulatory Analysis Act," - Lobbied members of the Senate Homeland Security and Governmental Affairs Committee in opposition to the bill; discussed concerns with the bill and sent letter to members of the Homeland Security and Governmental Affairs Committee expressing concern with the bill. Submitted letter to the Securities and Exchange Commission expressing concern with proposed rulemaking on general solicitation and advertising in Rule 506 offerings under the JOBS Act. Discussed Dodd-Frank and JOBS Act implementation. H.R. 8, the American Taxpayer Relief Act of 2012 - Lobbied against inclusion of Social Security, Medicare and Medicaid legislation affecting benefit levels or service delivery in any end-of-the-session budget deal, and urged congress to not reduce spending levels below current services levels for various non-security discretionary programs, including Health Care (including Rx, medical research and premium support), Social Security (administrative expenses), Older Americans Act Supportive Service, Nutrition and Caregiver programs, Low Income Home Energy Assistance, Weatherization, Elderly Housing and Transit/Transportation, Legal and Taxpayer Assistance, Consumer and Worker Protections and Postal Services.

Client expense: $2,490,000 · Firm income: Not reported

Government targets: Administration on Aging, Agriculture, Dept of (USDA), Bureau of the Census, Centers For Medicare and Medicaid Services (CMS), Commodity Futures Trading Commission (CFTC), Equal Employment Opportunity Commission (EEOC), Executive Office of the President (EOP), Federal Communications Commission (FCC), Federal Energy Regulatory Commission (FERC), Federal Highway Administration (FHA), Federal Reserve System, Federal Trade Commission (FTC), Federal Transit Administration (FTA), Food & Drug Administration (FDA), Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Health Resources & Services Administration (HRSA), Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Medicare Payment Advisory Commission (MedPAC), Natl Highway Traffic Safety Administration (NHTSA), Office of Management & Budget (OMB), Office of Personnel Management (OPM), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Social Security Administration (SSA), Transportation, Dept of (DOT), Treasury, Dept of, White House Office

Discussed demographics and priorities for AARP members and the 50+ population in general. (no bill) H.R.4050, Retirement Plan Simplication & Enhancement Act of 2012 - Discussed concerns regarding expansion of electronic disclosures of pension documents and notices. AARP Opposed adoption of "Chained CPI" as part of Fiscal Cliff debt. (no bill) H. R. 677/S. 267, Lifetime Income Disclosure Act - Submitted letter of support to the original co-sponsors of the House and Senate versions of the Lifetime Income Disclosure Act. This legislation would provide individulas with a better understanding of the lifemtime value of their 401 (k) plan assets by including in a yearly benefit statement a conversion of their total accrued benefits into a monthly dollar amount as if they had opted to receive a lifetime annuity. S. 1557/H.R. 4049, the Automatic IRA Act of 2011 - Lobbied on legislation to create automatic individual retirement accounts, funded via payroll deduction, to individuals who work for an employer of a particular size and tenure that do not currently offer a retirement savings vehicle to their employees. Discussed S. 1558, the Keeping Our Social Security Promises Act, legislation to apply payroll taxes to remuneration and earnings from self-employment up to the contribution and benefit base and to remuneration in excess of $250,000. Provided an informational briefing on Social Security. S. 1876, Consumer Price Index for Elderly Consumers Act - Supported legislation to change the index used to calculate annual Social Security COLA's from the CPI-W to the CPI-E. H. R. 539, Preserving Our Promise to Seniors Act - Discussed legislation to make changes pertaining to Social Security, including the use of a new CPI-E index for COLA's, and to provide $250 relief payments to beneficiaries. S. 2252, the Rebuild America Act - Discussed the Social Security and Pensions portions of this wide-ranging legislation designed to "rebuild the American middle class by creating jobs, investing in our future, building opportunity for working families, and restoring balance to the tax code." Discussed the Department of Labor's proposed new fiduciary duty regulation with key staff of the Department of Labor's Employee Benefits Security Administration (no bill number). Discussed possible proposals to improve pension rights for participants and reform proposals to improve pension coverage and adequacy. ( no bill) Briefed Congress on AARP's "You've Earned A Say"- A national conversation on the future of Social Security and Medicare with AARP members and all Americans. H.R. 8, the American Taxpayer Relief Act of 2012 - Lobbied against inclusion of Social Security, Medicare and Medicaid legislation affecting benefit levels or service delivery in any end-of-the-session budget deal, and urged congress to not reduce spending levels below current services levels for various non-security discretionary programs, including Health Care (including Rx, medical research and premium support), Social Security (administrative expenses), Older Americans Act Supportive Service, Nutrition and Caregiver programs, Low Income Home Energy Assistance, Weatherization, Elderly Housing and Transit/Transportation, Legal and Taxpayer Assistance, Consumer and Worker Protections and Postal Services. Discussed the current and future challenges faced by Social Security's Representative Payee program. Discussed pending DOL regulations of summary documents for 401(k) fee disclosure. (no bill) H.R. 4609, the Social Security Equality Act - Discussed bill which would authorize the treatment of permanent partnerships between individuals of the same gender as marriage for purposes of determining entitlement to OASDI benefits. Letter sent to Congress expressing AARP's opposition to additional extensions of the temporary payroll tax holiday. (no bill) Discussed pending DOL regulations on the electronic disclosure of ERISA-covered pension plan documents and related potential or current legislation H.R. 4050, the Retirement Plan Simplification and Enhancement Act. Discussed potential legislation regarding the Social Security Administration's process for closing field offices. (no bill) H.R. 4050, Retirement Plan Simplification and Enhancement Act of 2012 - Discussed concerns with Congressional staff regarding provisions to expand electronic disclosures of pension documents and notices. Sent letter to DOL urging caution on any expansion of electronic disclosures of pension documents and notices. S.3295, the Labor-HHS Appropriations bill for FY 2013 - Lobbied to protect/increase funding for the Social Security Administration, Older Americans Act nutrition, family caregiver & supportive services programs, low income home energy assistance (LIHEAP), and to protect funding for program authorized under the Affordable Care Act, including CMS State Health insurance exchanges, state survey and demonstrations and preventive health. Discussed with key staff of the Department of Labor's Employee Benefits Security Administration and the GAO issue of electronic disclosure of ERISA-covered pension plan documents. (no bill) Discussed with key staff of Congress and the Department of Treasury's Financial Management Service their efforts regarding the March 2013 move away from paper checks to electronic benefit payments for all Social Security beneficiaries. (no bill) Lobbied Congress to prevent the inclusion of Chained CPI and extension of the temporary payroll tax holiday in any lame duck year end budget deal. (no bill) Shared results of AARP public survey on electronic disclosure with Congressional staff and agency staff at DOL/EBSA, Treasury, OMB, CFPB and GAO. Discussed with IRS staff concerns regarding recent guidance on deferred vested benefit notices to participants. Discussed concerns with GAO staff regarding Form 5500. Discussed with Congressional staff recent pension plan "derisking" activities.

Client expense: $2,490,000 · Firm income: Not reported

Government targets: Administration on Aging, Agriculture, Dept of (USDA), Bureau of the Census, Centers For Medicare and Medicaid Services (CMS), Commodity Futures Trading Commission (CFTC), Equal Employment Opportunity Commission (EEOC), Executive Office of the President (EOP), Federal Communications Commission (FCC), Federal Energy Regulatory Commission (FERC), Federal Highway Administration (FHA), Federal Reserve System, Federal Trade Commission (FTC), Federal Transit Administration (FTA), Food & Drug Administration (FDA), Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Health Resources & Services Administration (HRSA), Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Medicare Payment Advisory Commission (MedPAC), Natl Highway Traffic Safety Administration (NHTSA), Office of Management & Budget (OMB), Office of Personnel Management (OPM), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Social Security Administration (SSA), Transportation, Dept of (DOT), Treasury, Dept of, White House Office

H.R. 677, S. 267 Lifetime Income Disclosure Act; H.R. 1534 SAVE Act; Proposed ERISA fiduciary investment advice rule; eDelivery (in connection with 401(k) fee disclosure rules) Fee disclosure regulations

Client expense: $910,000 · Firm income: Not reported

Government targets: Commodity Futures Trading Commission (CFTC), HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, White House Office

Retirement security issues including retirement plan standards and savings initiatives, the DOL ERISA fiduciary standard, and lifetime income opportunities H.R. 677 - Lifetime Income Disclosure Act - all provisions S. 267 Lifetime Income Disclosure Act all provisions S. 1557 Automatic IRA Act of 2011 all provisions S. 1813 Moving Ahead for Progress in the 21st Century (MAP-21) Retirement plan distribution and life settlement reporting provisions H.CON.RES.101 Expressing the sense of the Congress that our current tax incentives for retirement savings provide important benefits to Americans to help plan for a financially secure retirement all provisions

Client expense: $380,000 · Firm income: Not reported

Government targets: Federal Reserve System, HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

H.R. 677, S. 267 Lifetime Income Disclosure Act; H.R. 1534 SAVE Act; Proposed ERISA fiduciary investment advice rule; eDelivery (in connection with 401(k) fee disclosure rules) Fee disclosure regulations

Client expense: $907,947 · Firm income: Not reported

Government targets: Commodity Futures Trading Commission (CFTC), HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, White House Office

Issues related to retirement security including retirement plan standards and savings initiatives, the DOL ERISA fiduciary standard, and lifetime income opportunities. HR 1534 Small Business Add Value for Employees Act of 2011 (SAVE Act)--voluntary auto-IRAs. S 1557 Automatic IRA Act of 2011--voluntary IRAs and multiple employer plans. HR 3656 The Retirement Savings Security Act--401(k) loans. HR 4050 Retirement Plan Simplification and Enhancement Act--strengthen multiple employer plans, improve the administration of J&S annuity rules and other annuity improvements. H Con Res 101 Resolution on Retirement Savings Incentives--expressing the sense of the Congress that our current tax incentives for retirement savings provide important benefits to Americans to help plan for a financially secure retirement. S 1211 Savings Enhancement by Alleviating Leakage in 401(k) Savings Act--borrowing limits on 401(k) plans. HR 3482 Tax Crimes and Identity Theft Protection Act--DMF data restrictions. HR 3215 / S 1534 Identity Theft and Tax Fraud Prevention Act--DMF data restrictions. HR 677 / S 267 The Lifetime Disclosure Acts--all provisions. S 1813 Moving Ahead for Progress in the 21st Century (MAP-21)--retirement plan distribution and life settlement reporting provisions. HR 1534 The SAVE Act of 2011.

Client expense: $220,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of

H.R. 677 - The Lifetime Income Disclosure Act; entire bill H.R. 1534 Small Businesses Add Value for Employees (SAVE) Act; entire bill H.R. 3287 Savings Enhancement by Alleviating Leakage in 401(k) Savings (SEAL) Act; entire bill H.R. 3561 Small Business Pension Promotion Act of 2011; entire bill H.R. 4049 Automatic IRA Act; entire bill H.R. 4050 Retirement Simplification and Enhancement Act; entire bill S. 267 - Lifetime Income Disclosure Act; entire bill S. 1020 The Savings Enhancement by Alleviating Leakage in 401(k) Savings Act; entire bill S. 1121 Savings Enhancement by Alleviating Leakage in 401(k) Savings (SEAL) Act; entire bill S. 1557 Automatic IRA Act of 2011; entire bill S. 2132 Highway Investment, Job Creation, and Economic Growth Act of 2012; provisions relating to pension funding and inherited IRAs S. 2252 Rebuild America Act; entire bill Department of Labors proposed rule modifying the definition of ERISA fiduciary and its implications for the provision of advice on qualified retirement savings Department of Labors 408(b)(2) rules and accompanying Q&As as they impact 401(k) brokerage windows. Role retirement savings tax incentives play in assuring coverage of diverse workforces and long-term economic benefits

Client expense: $380,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Issues related to H.R. 4173, "The Dodd-Frank Wall Street Reform and Consumer Protection Act", H.R. 677 "Lifetime Income Disclosure Act", S. 267, "Lifetime Income Disclosure Act", H.R. 1062, "Burdensome Data Collection Relief Act", Issues related to H.R. 2308, "The SEC Regulatory Accountability Act", Issues related to H.R. 2434, "Financial Services and General Government Appropriations Act, 2012", H.R. 4624, The Investment Adviser Oversight Act of 2012 Issues related to H.R. 3606, The Jumpstart our Business Startups Act

Client expense: $516,139 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 677 & S.267 "Lifetime Income Disclosure Act" S.1557 Automatic IRA Act

Client expense: Not reported · Firm income: $30,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

HR 677/S267- would require 401(k) plan sponsors to inform participating workers of the projected monthly income they could expect at retirement based on their current account balance. DOL proposed rules to amend the definition of fiduciary, and FAB that include Q&A30 relating to brokerage windonws HR. 1534: Amends Internal Revenue Code provisions relating to employer-established simple individual retirement accounts (IRAs) to: (1) repeal certain restrictions on rollovers from simple IRAs, (2) allow employers to elect to terminate qualified salary reduction arrangements at any time during the year, (3) repeal the enhanced 25% penalty on premature withdrawals made from simple IRAs within the first two plan years, (4) allow additional nonelective employer contributions to simple IRAs, (5) establish automatic deferral IRAs, (6) allow a transfer of unused balances in flexible spending arrangements to a qualified retirement or eligible deferred compensation plan, (7) increase the tax credit for small employer pension plan startup costs, and (8) establish multiple small employer retirement plans that provide for automatic employee contributions H.R.4049: Automatic IRA Act of 2012 - would require all employers that employ more than 10 employees, who do not sponsor a qualified retirement plan to automatically enroll their employees at 3% of pay into a payroll deduct IRA. H.R.4050: Retirement Plan Simplification and Enhancement Act of 2012 the bill would permit all required ERISA disclosures to be made available in an electronic manner (following advanced notice and with the right to opt out). H.CON.RES.101 : Expressing the sense of the Congress that our current tax incentives for retirement savings provide important benefits to Americans to help plan for a financially secure retirement. S. 1020: To amend the Internal Revenue Code of 1986 to modify the rules relating to loans made from a qualified employer plan. S.1557 the Automatic IRA Act of 2011 Amends the Internal Revenue Code to: (1) require certain employers who do not maintain qualified retirement plans or arrangements to make available to their eligible employees a payroll deposit individual retirement account (IRA) arrangement (automatic IRA arrangement) which grants such employees the right to opt-out of participation, (2) require the Secretary of the Treasury to provide employers with a model notice for notifying employees of automatic IRS arrangements and to establish a program to assist employers in the implementation of such arrangements, (3) allow employers who do not have more than 100 employees a tax credit for costs associated with establishing an automatic IRA arrangement, (4) impose a penalty on employers who fail to provide eligible employees access to automatic IRA arrangements, and (5) increase the tax credit for small employer pension plan start-up costs. S. 1813: Highway Investment, Job Creation and Economic Growth Act of 2012 - defined benefit plan Funding Stabilization proposal which generates $9.5 billion in revenue. S.CON.RES.62: A concurrent resolution expressing the sense of the Congress that our current tax incentives for retirement savings provide important benefits to Americans to help plan for a financially secure retirement.

Client expense: $394,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, U.S. Trade Representative (USTR)

S. 267 - Lifetime Income Disclosure Act S. 1121 - Savings Enhancement by Alleviating Leakage in 401(k) Savings Act of 2011 S. 1557 - Automatic IRA Act of 2011 S. Con. Res. 62 - Sense of the Congress on Retirement Savings Incentives H.R. 677 - Lifetime Income Disclosure Act H.R. 3287 - Savings Enhancement by Alleviating Leaking in 401(k) Savngs Act of 2011 H.R. 4049 - Automatic IRA Act of 2012 H.R. 4050 - Retirement Plan Simplification and Enhancement Act of 2012 H. Con. Res. 101 - Sense of the Congress on Retirement Savings Incentives E-Delivery DOL Fiduciary Definition Target Date Funds 401(k) Disclosure

Client expense: $1,001,729 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of

Issues related to legislation that encourages individuals and businesses to invest in retirement vehicles; H.R. 677; S. 267; H.R. 661; H.R. 1173

Client expense: $215,000 · Firm income: Not reported

Government targets: Centers For Medicare and Medicaid Services (CMS), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC)

Issues related to tax incentives for retirement savings. Inquiries regarding investment offerings in defined contribution plans. Legislation to expand the employee-sponsored retirement system. Guidance relating to public sector plan design. Proposals relating to IRS relief for disaster victims. S. 267/H.R. 677, Lifetime Income Disclosure Act. H.R. 1534, SAVE Act, proposals related to governmental pick up contributions, including H.R. 2934, to clarify the treatment of certain plan contributions picked up by governmental employers. Issues related to lifetime income products in qualified retirement plans. Proposals to increase annuitization within qualified retirement plans. Proposals that would combine various retirement plan and IRA types.

Client expense: Not reported · Firm income: $20,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

American Taxpayer Relief Act of 2012 H.R. 8 fiscal cliff, employee benefits provisions Lifetime Income Disclosure Act H.R. 677/S. 267 Financial Services Reform implementation of Dodd-Frank Wall Street Reform and Consumer Protection (Dodd-Frank) Act Burdensome Data Collection Relief Act - H.R. 1062 To Facilitate implementation of Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act, promote regulatory coordination, and avoid market disruption - H.R. 1573 Swaps Bailout Prevention Act - H.R. 1838 To Improve Consideration by the Commodity Futures Trading Commission of the Costs and Benefits of its Regulations and Orders - H.R. 1840 SEC Regulatory Accountability Act - H.R. 2308 Swap Execution Facility Clarification Act - H.R. 2586 Business Risk Mitigation and Price Stabilization Act of 2011 - H.R. 2682 To exempt inter-affiliate swaps from certain regulatory requirements put in place by the Dodd-Frank Wall Street Reform and Consumer Protection Act - H.R. 2779 Pension Funding/Stabilization - defined benefit pension funding stabilization and related plan issues Pension Technical Modifications Act - H.R. 2656 Retirement Income Protection Act of 2011 - H.R. 3045 Savings Enhancement by Alleviating Leakage in 401 (k) Savings Act (SEAL 401 (k)) Act- H.R. 3287/S. 1020, S. 1121 Moving Ahead for Progress in the 21st Century (MAP-21) Act - S. 1813, S. 2343 - House/Senate passed version - H.R. 4348 (funding stabilization/Stop the Student Loan Interest Rate Hike Act of 2012) Retirement Savings Plan Issues Small Businesses Add Value for Employees Act of 2011 (SAVE Act) - H.R. 1534 Small Business Pension Protection Act of 2011 - H.R. 3561 Retirement Savings Security Act of 2011 - H.R. 3656 Automatic IRA Act of 2011 - S. 1557 Automatic IRA Act of 2012 - H.R. 4049 Retirement Plan Simplification and Enhancement Act - H.R. 4050 Bipartisan Concurrent Resolution (H.CON. RES. 101/S.CON.RES. 62) - tax incentives for retirement savings Worker Classification Issues Employee Misclassification Prevention Act - H.R. 3178/ Payroll Fraud Prevention Act - S. 770 Fair Playing Field Act of 2012 - H.R. 4123/S. 2145 (worker classification) Taxpayer Advocacy and Government Accountability Promotion (TAX GAP) Act - S. 1289 Rebuild America Act - S. 2252 Pension modernization - The Retirement Crisis and a Plan to Solve It - USA Retirement Funds - Senate Health, Education, Labor & Pensions Committee Pension Benefit Guaranty Corporation (PBGC) - premiums, calculation of deficit and related governance issues Investment Advice - defined contribution plans, plan fees, definition of a fiduciary, electronic communication and related issues Distribution of retirement plan assets Nondiscrimination rules applicable to defined benefit (DB) plans Financial Accounting Standards Board (FASB) - retirement plans De-risking - defined benefit (DB) plans Other Issues Tax reform employee benefits issues ERISA Advisory Council 2012 Discussion Topics disability insurance & retirement stability, plan beneficiary designations Hybrid retirement plan designs implementation of the Pension Protection Act (PPA), finalization of proposed regulations Health care provider compensation Internal Revenue Code Section 162 (m) (6) performance-based compensation Foreign bank account reporting, Report of Foreign Bank and Financial Accounts (FBAR) International Accounting Standards Board (IASB) accounting rules for pensions and other post-employment benefits Foreign Account Taxpayer Compliance Act (FATCA) exemption for foreign retirement plans International benefits issues/Puerto Rican plan trust issues Domestic plan asset investment issues Regulation of money market funds Multiemployer plan issues Definition of governmental plans Distribution of retirement plan assets Nondiscrimination rules applicable to defined benefit (DB) plans Financial Accounting Standards Board (FASB) retirement plans De-risking defined benefit (DB) plans

Client expense: $328,952 · Firm income: Not reported

Government targets: Centers For Medicare and Medicaid Services (CMS), Commodity Futures Trading Commission (CFTC), Equal Employment Opportunity Commission (EEOC), Federal Accounting Standards Advisory Board (FASAB), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Internal Revenue Service (IRS), Labor, Dept of (DOL), Office of Management & Budget (OMB), Pension Benefit Guaranty Corporation (PBGC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, White House Office

Taxpayer protection and homeowner catastrophe preparedness H.R. 677, the Taxpayer Protection Act

Client expense: $730,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

General corp. and international tax issues; tax treatment of dividends and capital gains; charitable tax issues; taxation of pensions and retirement savings; S 557 (Schumer), S 267 (Bingaman), HR 677 (Holt).

Client expense: Not reported · Firm income: $50,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Misc. pension, retirement and savings issues; S 267 (Bingaman); HR 677 (Holt).

Client expense: Not reported · Firm income: $50,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

General corporate and international tax issues and tax issues relating to insurance companies and products and tax issues relating to savings; S 267 (Bingaman); HR 677 (Holt); the Presidents Fiscal Year 2013 Budget Proposal.

Client expense: Not reported · Firm income: $80,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

HR 677/S 267: LIFETIME INCOME DISCLOSURE ACT; PROVISIONS RELATED TO ANNUITY ILLUSTRATION H.R. 3656 - the Retirement Savings Security Act. Issue: 401(k) plan loans H.R. 4049, AUTOMATIC IRA ACT OF 2012; ALL PROVISIONS. S. 3230, Long Term Care Insurance Integrity Act of 2012, Issue: Consumer protections for Long-term Care. HR 1534: SMALL BUSINESSES ADD VALUE FOR EMPLOYEES (SAVE) ACT OF 2011; PROVISIONS RELATED TO VOLUNTARY AUTO-INDIVIDUAL RETIREMENT ACCOUNTS (IRA) HR 5025: TO AMEND THE PUBLIC HEALTH SERVICE ACT AND THE SOCIAL SECURITY ACT TO EXTEND HEALTH INFORMATION TECHNOLOGY ASSISTANCE ELIGIBILITY TO BEHAVIORAL HEALTH, MENTAL HEALTH, AND SUBSTANCE ABUSE PROFESSIONALS AND FACILITIES, AND FOR OTHER PURPOSES; PROVISIONS RELATED TO THE EXTENSION OF HEALTH INFORMATION TECHNOLOGY ACCOUNTING REQUIREMENTS TO LONG-TERM CARE INSURERS S 1121: SAVINGS ENHANCEMENT BY ALLEVIATING LEAKAGE IN 401(K) SAVINGS ACT OF 2011; PROVISIONS RELATED TO LIMITS BORROWING FROM 401(K) PLANS S 1557: AUTOMATIC IRA ACT OF 2011; Provisions related to voluntary IRAs and multi-employer plans P.L. 110-233 (111th CONGRESS): GENETIC INFORMATION NONDISCRIMINATION ACT OF 2008; PROVISIONS RELATED TO UNDERWRITING RESTRICTIONS ON LONG-TERM CARE INSURANCE H. CON.RES. 101: EXPRESSING THE SENSE OF THE CONGRESS IN SUPPORT OF THE CURRENT SYSTEM OF RETIREMENT SAVINGS TAX INCENTIVES; ALL PROVISIONS. H.R. 4050, RETIREMENT PLAN SIMPLIFICATION AND ENHANCEMENT ACT OF 2012; PROVISIONS RELATED TO MULTIPLE EMPLOYER PLANES, E-DELIVERY, AND ANNUITY REFORMS. H.R. 5025 - the HITECH Extension for Behavioral Health Services Act of 2010Issue: extends health information technology accounting requirements to long-term care insurers. S. 1534 and H.R. 3215 Identity Theft and Tax Fraud Prevention Act: Issue: restriction to DMF data. H.R. 3475 Keeping IDs Safe Act. Issue: restriction to DMF data. H.R. 3482 Tax Crimes and Identity Theft Prevention Act. Issue: restriction to DMF data. H.R. 2309, the Postal Reform Act of 2011, Issue: USPS sale of financial products. S.1789, the 21st Century Postal Service Act of 2012. Issue: USPS sale of financial services products H.R. 5, the HEALTH Act of 2011. Issue: McCarran Ferguson H.R. 6005, The Long Term Care and Retirement Security Act of 2012, Issue: Long-term care insurance allowed to be offered as part of cafeteria plans H.R. 493- Genetic Information Non-Discrimination Act of 2008. Underwriting restrictions on long-term care insurance. H.R. 677/S. 267- The Lifetime Income Disclosures Acts. Issue: Annuity Illustration. H.R. 3656- the Retirement Savings Security Act. Issue: 401(k) plan loans. S. 3226- Americans Giving Care to Elders Act of 2012. Issue: Caregivers Credit. S. 3229- Long-Term Care Insurance Consumer Right to Know Act for 2012. Issue: Third party review of long-term care insurance claims. S. 3230- Long Term Care Insurance Integrity Act of 2012. Consumer protections for Long-term Care. S. 3432 Identity Theft and Tax Fraud Prevention Act. Creation of Death master file. H.R. 6300: Medicaid Long-Term Care Reform Act of 2012. Provisiosn related to Long-term care. HR 8, the Affordable Taxpayers Relief Act of 2012 provisions related to Roth conversion.

Client expense: $570,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Proposals responding to the effect of the stock market decline on retirement savings accounts. Proposals to expand retirement coverage, including proposals to mandate payroll deduction IRAs (not yet in legislative form) Proposals regarding annuitization of assets from defined contribution plans (not yet in legislative form) S 267; HR 677 - "Lifetime Income Disclosure Act" - A lifetime income disclosure shall set forth the annuity equivalent of the total benefits accrued with respect to the participant or beneficiary HR 1534 - "Save Act of 2011" - Reforms Retirement Plan System HR 774- "Senior Investor Protections Act "- To enhance penalties for violations of securities protections that involve targeting seniors Congressional activity surrounding the Department of Labor's proposed regulation to redefine "fiduciary" S. 1020- Savings Act of 2011 Savings Enhancement by alleviating leakage in 401(k) Savings Act of 2011 alleviates leakage in 401(k) plans HR 3561- Small Business Promotion Act - technical corrections and improvements to pension system H. Con. Res. 101 - "Concurrent resolution expressing the sense of the Congress that our current tax incentives for retirement savings provide important benefits to Americans to help plan for a financially secure retirement" - Expresses sense of the Congress regarding tax incentives for retirement savings HR 4049 - "Automatic IRA Act of 2012" - regarding automatic IRA arrangements S. 1557 - "Automatic IRA Act of 2011" - regarding automatic IRA arrangements HR 4050 - "Retirement Plan Simplification and Enhancement Act of 2012" - To simplify and enhance qualified retirement plans HR 4348 - "The Surface Transportation Act of 2012"- defined benefit funding relief, transfers of excess pension funding assets S 2123 - "Highway Investment Job Creation & Economic Growth Act of 2012" would stretch IRA provision S 1534 - "Identity Theft & taax Fraud Prevention Act" Death master file limitations HR 3475 - "Keeping ID's Safe Act of 2011" Death master file limitations S 1121 -"Savings Enhancement by Alleviating Leakage in 401(k) Savings Act" - limits borrowng from 401(k) plans-credit insurance HR 3656 -"The Retirement Savings Security Act" - 401(k) plan loans HR 2827/S. 3620 - "Municipal Advisor Regulation" - investment advice regulation HR 6472 -"Saving for American Families Future Act of 2012" - saver's credit expansion HR 2656 - "Pensions Technical Modifications Act" - DB pensions S. Con. Res. 62 - "Concurrent resolution expressing the sense of the Congress that our current tax incentives for retirement savings provide important benefits to Americans to help plan for a financially secure retirement" - Expresses sense of the Congress regarding tax incentives for retirement savings

Client expense: $1,340,000 · Firm income: Not reported

Government targets: Federal Deposit Insurance Corporation (FDIC), Federal Emergency Management Agency (FEMA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Labor, Dept of (DOL), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Copyright Office, U.S. Postal Service (USPS)

See attachment. RET Fourth Quarter Report 2012 H.R. 5, the HEALTH Act of 2011. Issue: McCarran Ferguson H.R. 493 Genetic Information Non-Discrimination Act of 2008. Issue: Underwriting restrictions on long-term care insurance. H.R. 677/S. 267 The Lifetime Income Disclosure Acts. Issue: Annuity Illustration. H.R. 1534 Small Business Add Value for Employees Act of 2011. Issue: voluntary auto-IRAs. H.R. 2309, the Postal Reform Act of 2011, Issue: USPS sale of financial products. H.R. 3475 Keeping IDs Safe Act. Issue: restriction to DMF data. H.R. 3482 Tax Crimes and Identity Theft Prevention Act. Issue: restriction to DMF data. H.R. 3656 - the Retirement Savings Security Act. Issue: 401(k) plan loans H.R. 4049 Automatic IRA Act. Issue: mandatory auto-IRAs H.R. 4050 Retirement Plan Simplification and Enhancement Act. Issue: strengthen multiple employer plans, improve the administration of J&S annuity rules, and other annuity improvements. H.R. 6005, The Long Term Care and Retirement Security Act of 2012, Issue: Long-term care insurance allowed to be offered as part of cafeteria plans H.R. 6300: Medicaid Long-Term Care Reform Act of 2012. Issue: Long-term care. S. 1121 Savings Enhancement by Alleviating Leakage in 401(k) Savings Act. Issue: Limits borrowing from 401(k) plans. S. 1557, the Automatic IRA Act of 2011. Issue: voluntary IRAs and Multiple Employer Plans. S. 1534 and H.R. 3215 Identity Theft and Tax Fraud Prevention Act: Issue: restriction to DMF data. S. Con. Res. 62/ H.Con.Res.101: Resolution on Retirement Savings Incentives. S. 1789, the 21st Century Postal Service Act of 2012. Issue: USPS sale of financial services products S. 3432 Identity Theft and Tax Fraud Prevention Act. Issue: Death master file.

Client expense: $920,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 493 - Genetic Information Non-Discrimination Act of 2008. Issue: Underwriting restrictions on long-term care insurance. H.R. 677/S. 267 - The Lifetime Income Disclosure Acts. Issue: Annuity Illustration. H.R. 1534 Small Business Add Value for Employees Act of 2011. Issue: voluntary auto-IRAs. S. 1121 Savings Enhancement by Alleviating Leakage in 401(k) Savings Act. Issue: Limits borrowing from 401(k) plans. S. 1557, the Automatic IRA Act of 2011. Issue: voluntary IRAs and Multiple Employer Plans. S. 1534 and H.R. 3215 Identity Theft and Tax Fraud Prevention Act: Issue: restriction to DMF data. H.R. 3475 Keeping IDs Safe Act. Issue: restriction to DMF data. H.R. 3482 Tax Crimes and Identity Theft Prevention Act. Issue: restriction to DMF data. H.R. 4049 Automatic IRA Act. Issue: mandatory auto-IRAs H.R. 4050 Retirement Plan Simplification and Enhancement Act. Issue: strengthen multiple employer plans, improve the administration of J&S annuity rules, and other annuity improvements. S. Con. Res. 62/ H.Con.Res.101: Resolution on Retirement Savings Incentives. H.R. 3656 - the Retirement Savings Security Act. Issue: 401(k) plan loans H.R. 2309, the Postal Reform Act of 2011, Issue: USPS sale of financial products. S.1789, the 21st Century Postal Service Act of 2012. Issue: USPS sale of financial services products H.R. 5, the HEALTH Act of 2011. Issue: McCarran Ferguson H.R. 6005, The Long Term Care and Retirement Security Act of 2012, Issue: Long-term care insurance allowed to be offered as part of cafeteria plans S. 3432 Identity Theft and Tax Fraud Prevention Act. Issue: Death master file. H.R.6300: Medicaid Long-Term Care Reform Act of 2012. Issue: Long-term care.

Client expense: $1,063,984 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Financial Services Regulatory Reform: Lobby for favorable implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 regarding insurers, including a resolution fund for failing firms and the possible designation of insurers and asset management companies as systemically important by the Financial Stability Oversight Council. Also, lobby for robust and effective Federal Insurance Office. Also with key trade associations, worked on regulatory strategy for the implementation of Dodd-Frank. Holocaust insurance issues/ICHEIC: Monitored and lobbied against legislation (H.R. 890) that would allow a cause of action against U.S. Insurance companies with European affiliates that may have written life insurance policies involving Holocaust victims in contravention of international agreements and lobbied against its advancement. Credit-based insurance scored: Monitor legislation that would restrict the ability of personal lines insurers to use credit information of underwriting or setting rates. Climate and energy legislation: Monitor White House, Department of Energy and Environmental Protection Agency "Better Building Initiative", monitored General Services Administration initiative on green buildings and related sustainable products. National Catastrophe/Flood Insurance: Track reintroduction and House passage of National Flood Insurance Reform legislation in the House, H.R. 1309, track companion legislation in the Senate. Monitored H.R. 41 raising the NPIP's borrowing authority and providing direct assistance for areas affected by Hurricane Sandy. Broker-dealer regulatory reform/standard of care: Monitor Securities and Exchange Commission and Department of Labor rulemaking regarding investment advisors and broker-dealers and the fiduciary duty standard. Annuities: Track and lobby for the Lifetime Income Disclosure Act, S. 267 and H.R. 677, which has been introduced in the House and Senate. Department of Labor Fiduciary Duty Rulemaking. Monitor and lobby against Department of Labor rulemaking that would expand the definition of "fiduciary" under ERISA. Medicare Secondary-Payer: Through trade association, track efforts by the Center for Medicare and Medicaid Service to implement the Medicare Secondary-payer law.

Client expense: $560,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Risk Management Agency, SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

401 (k) disclosure: Track Department of Labor rulemaking regarding 401 (k) fee Disclosure. Lifetime Income Disclosure ACT: Follow introduction and lobby for legislation that would require 401(k) plan participants an annual statement projecting the monthly income that would be generated if the account balance were amortized as retirement. This is H.R. 677 in the House and S.267 in the Senate. Argue against possible changes to the tax treatment of life insurance products.

Client expense: $560,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Risk Management Agency, SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

See Addendum. S. 267, "Lifetime Income Disclosure Act". S. 1557, "Automatic IRA Act of 2011" - a bill to ammend the Internal Revenue Code to promote and simplify Qualified Plans. S. Con. Res (no number), expressing the sense of the Congress that our current tax incentives for retirement savings provide important benefits to Americans. H.R. 677, "Lifetime Income Disclosure Act". H.R. 4049, "The Retirement Plan Simplification and Enactment Act of 2012". H.R. 4348, the "Highway Investment, Job Creation and Economic Growth Act of 2012" - a proposal with respect to the PBGC premiums and defined benefit plans funding stabilization, signed by the President on 7/6/12. H. Con. Res. 101, expressing the sense of the Congress that our current tax incentives for retirement savings provide important benefits to Americans. No Bill Number - a proposal for e-disclosure for all required ERISA/IRSC notices. Dept. of Labor, final rul adding Section 2520.104(b)-1(c), Electronic Distribution of Disclosures Required by Title 1 of ERISA, 75 FR 19285 (4/7/11). Dept. of Labor, proposed rule amending Section 2510.3-21 c, (definition of term "fiduciary"), 75 FR 65263 (10/22/10). Dept. of Labor, Field Assistance Bulletin 2012-02 - Fee disclosure with respect to self-directed brokerage accounts.

Client expense: $1,210,000 · Firm income: Not reported

Government targets: Commodity Futures Trading Commission (CFTC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

Issues related to legislation that encourages individuals and businesses to invest in retirement vehicles; H.R. 677; S. 267; H.R. 661; H.R. 1173

Client expense: $615,000 · Firm income: Not reported

Government targets: Centers For Medicare and Medicaid Services (CMS), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC)

Retirement Security in the following bill: HR677, S267 - Lifetime Income Disclosure Act Auto-IRAs DOL Fiduciary Proposal (DOL Fiduciary Definition Regulation) Amendment to Change Distributions of Retirement Plans and IRAs for Beneficiaries Lifetime Income Illustrations Tax Benefits of Defined Contribution Plans

Client expense: $400,000 · Firm income: Not reported

Government targets: Federal Reserve System, HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

H.R. 1534 - Small Businesses Add Value for Employees (SAVE) Act H.R. 677 -Lifetime Income Disclosure Act & Regulatory Issues S. 1557 / H.R. 4049 - Automatic IRA of 2012 No Bill - Proposed Department of Labor Fiduciary Regulations No Bill - Guaranteed Minimum Withdrawal Benefit Interpretive Issues No Bill - Electronic Disclosure - ERISA/Internal Revenue Code No Bill - Issues Relating to Multiple Employer Plans H.R. 4050 - Retirement Plan Simplification and Enhancement Act of 2012 Department of Labor Guidance on Self-Directed Brokerage / FAB 2012-02 Q&A 30 408b-2 Service Provider Fee Disclosure Regulatory Issues

Client expense: $2,340,000 · Firm income: Not reported

Government targets: Commodity Futures Trading Commission (CFTC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Labor, Dept of (DOL), Office of Management & Budget (OMB), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, U.S. Trade Representative (USTR)

Discussed demographics and priorities for AARP members and the 50+ population in general. (no bill) H.R.4050, Retirement Plan Simplication & Enhancement Act of 2012 - Discussed concerns regarding expansion of electronic disclosures of pension documents and notices. H.R.4348/S.1813, Surface Transportation - Moving Ahead for Progress in the 21st Century Act - Supported addition of provisions to Revenue Provisions section to improve protections for pension participants. Discussion on Automatic IRA proposal to provide automatic individual retirement accounts, funded via payroll deduction, to individuals who work for an employer of a particular size and tenure that do not currently offer a retirement savings vehicle to their employees. (no bill) Discussed Social Security COLA relief. (no bill) H. R. 677/S. 267, Lifetime Income Disclosure Act - Submitted letter of support to the original co-sponsors of the House and Senate versions of the Lifetime Income Disclosure Act. This legislation would provide individulas with a better understanding of the lifemtime value of their 401 (k) plan assets by including in a yearly benefit statement a conversion of their total accrued benefits into a monthly dollar amount as if they had opted to receive a lifetime annuity. H.J. Res.1/S.J. Res.4 - Discussed AARP's concerns about efforts to cutting Social Security benefits as a way of addressing the nation's current budget deficits, including the impact on Social Security of capping spending at a certain level or via balanced budget amendments. S. 1557/H.R. 4049, the Automatic IRA Act of 2011 - Lobbied on legislation to create automatic individual retirement accounts, funded via payroll deduction, to individuals who work for an employer of a particular size and tenure that do not currently offer a retirement savings vehicle to their employees. Discussed S. 1558, the Keeping Our Social Security Promises Act, legislation to apply payroll taxes to remuneration and earnings from self-employment up to the contribution and benefit base and to remuneration in excess of $250,000. Provided an informational briefing on Social Security. S. 1876, Consumer Price Index for Elderly Consumers Act - Supported legislation to change the index used to calculate annual Social Security COLA's from the CPI-W to the CPI-E. H. R. 539, Preserving Our Promise to Seniors Act - Discussed legislation to make changes pertaining to Social Security, including the use of a new CPI-E index for COLA's, and to provide $250 relief payments to beneficiaries. H. R. 3630/Senate Substitute, Middle Class Tax Relief and Job Creation Act of 2011 - Discussed legislation containing an extension or expansion of the current temporary payroll tax holiday. S. 1917/1944, Middle Class Tax Cut Act of 2011 - Discussed legislation containing an extension or expansion of the current temporary payroll tax holiday. S. 1931, Temporary Tax Holiday and Government Reduction Act - Discussed legislation containing an extension or expansion of the current temporary payroll holiday. S. 2252, the Rebuild America Act - Discussed the Social Security and Pensions portions of this wide-ranging legislation designed to "rebuild the American middle class by creating jobs, investing in our future, building opportunity for working families, and restoring balance to the tax code." Discussed various defined benefit/defined contribution pension reform proposals (no bill). Submitted written testimony to the Senate Banking Economic Policy Subcommittee for their March 28, 2012, hearing entitled "Retirement (in) security: Examining the Retirement Savings Deficit." Discussed the Department of Labor's proposed new fiduciary duty regulation with key staff of the Department of Labor's Employee Benefits Security Administration (no bill number). Discussed possible proposals to improve pension rights for participants and reform proposals to improve pension coverage and adequacy. ( no bill) Briefed Congress on AARP's "You've Earned A Say"- A national conversation on the future of Social Security and Medicare with AARP members and all Amerivcans. The goal of this effort is to ensure that Americans have a say in any debate about these programs. Provides Phase1 results and Phase 2 objectives. (no bill) Submitted a letter to the House Judiciary Committee's Subcommittee on Immigration Policy and Enforcement for thsir April 18, 2012, hearing entitled "Document Fraud in Employment Authorization: How an E-Verify Requirement Can Help". (no bill) Discussed the 2012 Social Security Trustees Report. (no bill) Discussed Social Security's Future Systems Technology Advisory Panel (FSTA) with House Ways and Means Committee's Social Security Subcommittee's majority staff for their May 9, 2012, hearing on "the State of Social Security's Information Technology". (no bill) Discussed with GAO the current and future challenges faced by Social Security's Representative Payee program. GAO is undertaking the study to look at the history of the program, current and future challenges to managing the program, and other potential options for managing the program. (no bill) Discussed pending DOL regulations of summary documents for 401(k) fee disclosure. (no bill) H.R. 4609, the Social Security Equality Act - Discussed bill which would authorize the treatment of permanent partnerships between individuals of the same gender as marriage for purposes of determining entitlement to OASDI benefits. Letter sent to Congress expressing AARP's opposition to aditional extensions of the temporary payroll tax holiday. (no bill) Discussed pending DOL regulations on the electronic disclosure of ERISA-covered pension plan documents and related potential or current legislation H.R. 4050, the Retirement Plan Simplification and Enhancement Act. Discussed potential legislation regarding the Social Security Administration's process for closing field offices. (no bill) Discussed Social Security provisions contained within the Rivlin/Domenici Bipartisan Policy Center Debt Reduction Task Force plan as it pertained to the June 19 Senate Finance Committee hearing entitled "Confronting the Looming Fiscal Crisis". (no bill) H.R. 4050, Retirement Plan Simplification and Enhancement Act of 2012 - Discussed concerns regarding expansion of electronic disclosures of pension documents and notices. Sent letter to DOL urging caution on any expansion of electronic disclosures of pension documents and notices. H.R. 4348/S.1813, "MAP-21" Moving Ahead for Progress in the 21st Century Act - Supported the addition of provisions to revenue provisions section to improve protections for pension participants. S.3295, the Labor-HHS Appropriations bill for FY 2013 - Lobbied to protect/increase funding for the Social Security Administration, Older Americans Act nutrition, family caregiver & supportive services programs, low income home energy assistance (LIHEAP), and to protect funding for program authorized under the Affordable Care Act, including CMS State Health insurance exchanges, state survey and demonstrations and preventive health. H.R. 4050, the Retirement Plan Simplification and Enhancement Act - Discussed this legislation with key Hill staff, particularly around the issue of electronic disclosure of ERISA-covered pension plan documents. Discussed Senator Harkin's July 27 report entitled "The Retirement Crisis and a Plan to Solve It," particularly regarding its recommendations for retirement system improvements in the United States. (no bill) Discussed the Department of Labor's proposed new fiduciary duty regulation with key staff of the Department of Labor's Employee Benefits Security Administration. (no bill) Discussed with key staff of the Department of Labor's Employee Benefits Security Administration the issue of electronic disclosure of ERISA-covered pension plan documents. (no bill) Discussed with key staff of the Department of Treasury's Financial Management Service their efforts regarding the March 2013 move away from paper checks to electronic benefit payments for all Social Security beneficiaries. (no bill) Discussed the continuing work of the Department of Treasury's Financial Management Service to move to electronic benefit payments for all Social Security beneficiaries with House Ways and Means Committee's Social Security Subcommittee's majority staff for their September 12, 2012, hearing on "the Direct Deposit of Social Security Benefits". (no bill)

Client expense: $2,720,000 · Firm income: Not reported

Government targets: Administration on Aging, Agriculture, Dept of (USDA), Bureau of the Census, Centers For Medicare and Medicaid Services (CMS), Commodity Futures Trading Commission (CFTC), Equal Employment Opportunity Commission (EEOC), Executive Office of the President (EOP), Federal Communications Commission (FCC), Federal Energy Regulatory Commission (FERC), Federal Highway Administration (FHA), Federal Reserve System, Federal Trade Commission (FTC), Federal Transit Administration (FTA), Food & Drug Administration (FDA), Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Health Resources & Services Administration (HRSA), Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Medicare Payment Advisory Commission (MedPAC), Natl Highway Traffic Safety Administration (NHTSA), Office of Management & Budget (OMB), Office of Personnel Management (OPM), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Social Security Administration (SSA), Transportation, Dept of (DOT), Treasury, Dept of, White House Office

Discussed financial regulatory reforms, including consumer and investor protections. (no bill) Pub.Law 111-203, Dodd-Frank Wall Street Reform and Consumer Protection Act - Discussed implementation of legislation. H.R.677/S.267, the Lifetime Income Disclosure Act-Supported the original co-sponsors of the House and Senate versions of the Lifetime Income Disclosure Act. This legislation would provide individuals with a better understanding of the lifetime value of their 401(k) plan assets by including in a yearly benefit statement a conversion of their total accrued benefits into a monthly dollar amount as if they had opted to receive a lifetime annuity. Discussed pending DOL and SEC regulations on the definition of a fiduciary. (no bill) H.R. 1125, Debt free America Act - Discussed legislation to repeal after 2021 the individual income tax, refundable and non-refundable personal tax credits, and the alternative minimum tax (AMT) on individuals and impose a 1% fee on bank transactions for debt reduction purposes. H.R.2940/S.1831, Parts of the JOBS Act Package - Lobbied and wrote a letter in opposition to pairing back Regulation D protections in stock offerings. H.R.2930/S.1970/S.1791, Parts of JOBS Act Package - Lobbied to restore consumer protections regarding "crowd funding" of initial public offerings (IPO's) that the bill curtailed. H.R. 3606, JOBS Act - Lobbied and wrote in support of the Reid/Levin/Landrieu amendment in the nature of a substitute, and in favor of the "crowd funding" amendment. Presented testimony and worked with Staff of the House Financial Services Subcommittee on Insurance, Housing and Community Opportunity, on Federal Housing Administration oversight of reverse mortgages. AARP seeks continuation of, and improvement to the program. (no bill) Discussed implications of H.R. 4624, the "Investment Advisor Oversight Act." Responded to SEC request for Comment on Financial Literacy and Disclosure. H.R. 6020/S.3301, Financial Services and General Government Appropriations Act for FY 2013 - Lobbied to protect new Consumer Financial Protection Bureau from annual appropriations scrutiny and to protect funding levels for SEC, CFTC, FTC and IRS Taxpayer Services programs. H.R. 4078, the Red Tape Reduction and Small Business Job Creation Act - sent letter to all members of the House opposing the title incorporating H.R. 2308, the SEC Regulatory Accountability Act. S. 3468, the Independent Agency Regulatory Analysis Act - Lobbied for Senate Homeland Security and Governmental Affairs Committee hearings and input from agencies before a committee mark up. Participated in August 1 roundtable at the Department of Treasury to discuss implementation of the JOBS Act. Wrote to the Securities and Exchange Commission recommending that they not move to an interim final rule on general solicitation and advertising under the JOBS Act without first receiving comment from the public.

Client expense: $2,720,000 · Firm income: Not reported

Government targets: Administration on Aging, Agriculture, Dept of (USDA), Bureau of the Census, Centers For Medicare and Medicaid Services (CMS), Commodity Futures Trading Commission (CFTC), Equal Employment Opportunity Commission (EEOC), Executive Office of the President (EOP), Federal Communications Commission (FCC), Federal Energy Regulatory Commission (FERC), Federal Highway Administration (FHA), Federal Reserve System, Federal Trade Commission (FTC), Federal Transit Administration (FTA), Food & Drug Administration (FDA), Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Health Resources & Services Administration (HRSA), Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Medicare Payment Advisory Commission (MedPAC), Natl Highway Traffic Safety Administration (NHTSA), Office of Management & Budget (OMB), Office of Personnel Management (OPM), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Social Security Administration (SSA), Transportation, Dept of (DOT), Treasury, Dept of, White House Office

H.R. 677 & S.267 "Lifetime Income Disclosure Act" S.1557 Automatic IRA Act

Client expense: Not reported · Firm income: $30,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Retirement security issues including retirement plan standards and savings initiatives, the DOL ERISA fiduciary standard, and lifetime income opportunities. H.R. 677 - Lifetime Income Disclosure Act - all provisions S. 267 Lifetime Income Disclosure Act all provisions S. 1557 Automatic IRA Act of 2011 all provisions S. 1813 Moving Ahead for Progress in the 21st Century (MAP-21) Retirement plan distribution and life settlement reporting provisions H.CON.RES.101 Expressing the sense of the Congress that our current tax incentives for retirement savings provide important benefits to Americans to help plan for a financially secure retirement all provisions

Client expense: $570,000 · Firm income: Not reported

Government targets: Federal Reserve System, HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of