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NAGDCA Expects Movement on Retirement Reform in 2021
Priorities of the National Association of Government Defined Contribution Administrators is in recently introduced legislation, including allowing 403(b) plans to invest in CITs.
Reported by
During a webinar sponsored by the National Association of Government Defined Contribution Administrators (NAGDCA) on Wednesday, Paul Beddoe, head of U.S. government affairs at NAGDCA, said, “Retirement reform is bipartisan and right front and center.” He said the Retirement Security and Savings Act, proposed by Senators Rob Portman, R-Ohio, and Ben Cardin, D-Maryland, “should and will eventually be passed.”
Reagan Anderson, senior vice president, government affairs at Capital Group, said, “The thing to highlight is that Portman’s commitment to a bipartisan bill is genuine and important,” but that the margins between the Democrats and the Republicans in both the House of Representatives and the Senate “are so slim, it will be