What’s Next with SECURE Act 2.0?

TRA [The Retirement Advantage]

Congress is considering multiple proposals that have the potential to dramatically reshape the retirement marketplace. Among the proposals, House Resolution (HR) 2954 "Securing a Strong Retirement Act of 2021" (SSRA), and the Senate’s (S) 1770 "Retirement Security and Savings Act" (RSSA)—two overlapping bills with strong bipartisan support—are most likely to be combined into expansive retirement reform referred to as, “SECURE 2.0.” Key objectives of the bills include expanding employee coverage by workplace retirement plans, increasing retirement savings, and preserving retiree income. Among the proposed provisions are enhancing automatic enrollment, increasing tax-credits for plan start-ups, and raising the age for mandatory distributions.

Learning Objectives: 

• Understand key provisions of the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 (i.e., SECURE Act 1.0).
• Summarize elements of SECURE 1.0 such as Pooled Employer Plans, Group of Plans, changes to part-time employee coverage, plan set-up deadlines, and lifetime income illustrations and the deadline to provide them.
• Recognize key provisions in the combined legislation known as “SECURE Act 2.0”
• Identify other retirement reform proposals 
• Consider practical and tactical actions for plans sponsors and investors considering the new proposals. 

There will also be time for questions and answers. You won’t want to miss this webinar.

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