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Senators Introduce Legislation to Strengthen Retirement and Emergency Savings
401(k) Specialist Link to more items from this source
May 27, 2022

"Senate [HELP] Committee Chair Senator Patty Murray, D-Wash., and Ranking Member Senator Richard Burr, R-N.C., released the draft of the Retirement Improvement and Savings Enhancement to Supplement Healthy Investments for the Nest Egg (RISE & SHINE) Act. ... [which] would: [1] bolster savings by allowing employers to offer emergency savings accounts; [2] expand access to employer-provided retirement plans through multiple employer plans, and through increased access to plans for part-time workers; and [3] improve communications to retirement plan participants and transparency around lump-sum buyout offers for pension plan participants."

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