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Bill Expanding Annuity Options in Retirement Plans Passes the House
InsuranceNewsNet.com
May 23, 2019 "The Setting Every Community Up for Retirement (SECURE) Act is designed to expand access to workplace retirement plans, particularly for small businesses, and will improve the ability for employers to extend greater access to annuity options in those plans. The measure also requires retirement plans to provide participating workers with an illustration of how much monthly income a retirement savings account might deliver. Additionally, the bill raises the age to begin required minimum distributions from retirement accounts from 70-1/2 to 72." MORE >> |
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