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A 403(b) CIT 'Fix' Gets Closer to Happening
American Retirement Association [ARA] 
Apr. 24, 2023 "A bill that would allow 403(b)s to invest in collective investment trusts (CIT) could be headed for Congressional markup in the next few weeks. A draft of the bill ... would amend federal securities laws to enhance 403(b) annuity plans in part by adding a CIT option. Provisions to accomplish that were included in the House version of what became the SECURE 2.0 Act of 2022 -- but only part of that solution made it into the final bill." |
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