In a rare display of bipartisanship these days, Congress approved major changes to retirement plans and their participants in the closing days of 2022. Included in the Consolidated.
President Biden signed the Consolidated Appropriations Act, 2023, on December 29, 2022, which includes the package of retirement plan legislation known as “SECURE 2.0.” SECURE 2.0.
House of Representatives passed Securing a Strong Retirement Act of 2022, comprehensive bill to increase retirement savings access, includes provisions affecting employer-provided retirement plans. Senate Health, Education, Labor, Pensions Committee approved their version.