Legislation

SECURE 2.0 is a reality now — and two industry experts offered their insights in a Jan. 25 webcast as the dust settles.    American Retirement Association Director of Regulatory Affairs Kelsey Mayo, who also is a Partner at Poyner Spruill LLP, and American Retirement Association Director of... READ MORE

One sentence in the massive budget bill just signed by President Biden has the potential to have a profound impact on retirement programs sponsored by U.S. employers. No, this one sentence is not directly related to the many other good changes affecting defined contribution plans. Rather, it opens... READ MORE

Certain tax information could be disclosed to the Maryland Small Business Retirement Savings Board to help in administering the Maryland Small Business Retirement Savings Program and Trust.   Legislation that created the state-run auto-IRA program that businesses can offer went into effect on July... READ MORE

Almost immediately after the New Year’s champagne stopped pouring, legislation arrived in the Mississippi House of Representatives that would establish a state-run plan that would provide retirement plan coverage for private-sector employees whose employers do not offer one.  Rep. Orlando Paden (D... READ MORE

In a changing of the guard, Rep. Jason Smith (R-MO) has been selected by the House Republican leadership to take over as chairman of the powerful House Ways and Means Committee, but what does that mean for retirement policy? Overall, Rep. Smith appears to be somewhat of a blank slate in this area... READ MORE

There are 92 provisions in the new SECURE 2.0 Act — and by at least one assessment, they are “almost universally good, with ‘good’ being defined as ‘helpful to the cause of promoting retirement security.’” Group Plan Systems’ Pete Swisher and Cherisha Chapman rank the Top 10 Impact Provisions — and... READ MORE

While it came down to the wire, both the House and Senate have now approved the much-anticipated SECURE 2.0 Act of 2022 as part of the mammoth $1.7 trillion omnibus spending bill.  For months, it was anticipated that Congress would attach a final SECURE 2.0 package to a year-end spending bill, but... READ MORE

After months of speculation on whether the House and Senate would attach a final retirement security legislative package with a must-do, year-end spending bill, we now have an answer. While most were nestled all snug in their beds in the waning hours of Dec. 19, House and Senate leaders released... READ MORE

The Office of the Delaware State Treasurer on Dec. 5, 2022 announced that it is seeking proposals from qualified firms interested in providing program consulting services for the Delaware Expanding Access to Retirement and Necessary Savings (EARNS) Program.  Gov. John Carney (D) on Aug. 18, 2022... READ MORE