Retirement security could be only issue both sides accept
Retirement security could be only issue both sides accept
Richard Neal, left, and Kevin Brady introduced a retirement bill in October.
There aren t many truly bipartisan issues in Washington these days, but lawmakers on both sides of the aisle are eager to pass another retirement security package in 2021 and are optimistic about their chances.
In the House, Ways and Means Committee Chairman Richard Neal, D-Mass., and ranking member Kevin Brady, R-Texas, introduced the Securing a Strong Retirement Act in October. The bill, which would have to be reintroduced in the new Congress, would require, among dozens of provisions, 401(k), 403(b) and Savings Incentive Match Plan for Employees known as SIMPLE plans to automatically enroll workers upon becoming eligible while giving employees the opportunity to opt out; raise the age at which individuals are required to begin withdrawing a percentage of their tax-deferred retirement