Regional Vice President of Sales The Retirement Plan Company
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Text of Executive Order 13847: Strengthening Retirement Security for American Workers
Executive Office of the President [Guidance Overview] Aug. 31, 2018 "President Trump is directing the Departments of Labor and the Treasury to consider issuing regulations and guidance that would make it easier for businesses to offer retirement plans. The Departments will consider changes to make it easier for businesses to join together to offer Association Retirement Plans (ARPs), also known as Multiple Employer Plans [MEPs].... The executive order directs the Departments of Labor and the Treasury to consider ways to improve notice requirements to reduce paperwork and administrative burdens.... The Department of the Treasury is to review the rules on required minimum distributions from retirement plans to see if retirees could keep more money in 401(k)s and Individual Retirement Accounts for longer. This could allow retirees to spread retirement savings over a longer period of time." |
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