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Budget Bill Seeks Retirement Plan Mandate, Roth Conversion Ban
Mercer Oct. 5, 2021 "Nearly all employers would have to offer retirement plans with automatic enrollment, and the saver's credit would turn into a government matching plan contribution under the current House version of a roughly $3.5 trillion budget package. Other retirement-related proposals would ban Roth conversions in employer plans and cap retirement benefits for high earners.... Although the retirement provisions may change as the Senate weighs in, they stand a good chance of surviving in any final package." |
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