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Compass
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What a Biden Presidency Could Mean to the Retirement Plan Landscape
Hall Benefits Law [Opinion] Oct. 26, 2020 "The potential changes to the retirement system under a Joe Biden presidency remain largely speculative, though some general policy statements have been issued by Former Vice President Biden.... [1] Transition from tax deferrals to a tax credit for defined contribution plan contributions ... [2] Incentivizing small businesses to adopt retirement plans ... [3] Access to 'automatic 401(k)' for workers without pension or 401(k)-type plans ... [4] Protection of benefits earned in defined benefit pension plans ... [5] Allow caregivers with no earned income to save for retirement." |
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