WASHINGTON, DC - Later today, the House will vote on bipartisan legislation from the Ways and Means Committee that will help more Americans save for secure retirements. The Securing a Strong Retirement Act of 2022, often referred to as SECURE 2.0, expands automatic enrollment in 401(k) and 403(b) retirement plans, allows Americans to save more for longer, and protects workers’ retirement savings.
Today’s legislation builds on the success of the bipartisan Setting Every Community Up for Retirement Enhancement (SECURE) Act that made saving easier for workers typically excluded from employer-based retirement programs and eliminated the age limit for contributing to individual retirement accounts.
A section-by-section summary can be found HERE.
