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Host of Retirement Bills May Hitch Ride on Final SECURE 2.0 Package
Mercer Mar. 28, 2022 "Potential additions to 'SECURE 2.0' legislation would encourage defined contribution (DC) plans to include annuity contracts as a default investment option and effectively require automatic re-enrollment of eligible employees in certain situations. Other proposals in the mix would help DC plan participants save for short-term emergency needs and would require spousal consent for many DC plan distributions. While none of these ideas are in the SECURE 2.0 bill headed for a House vote next week, they will be in play as the Senate ramps up work on counterpart legislation." |
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