One Big Beautiful Bill Act Sent to President for Signature
WASHINGTON, D.C. – Congress preserved tax deferral of retirement savings – a key incentive that helps millions of workers to save for retirement – in the One Big Beautiful Bill Act, which is on its way to the White House for the President’s signature.
The One Big Beautiful Bill Act renews many expiring provisions of the Tax Cuts and Jobs Act of 2017, and includes other provisions advocated by the Trump Administration.
Preserving tax deferral of retirement savings is a top priority for the Insured Retirement Institute (IRI) and is included in the association’s 2025 Federal Retirement Security Blueprint.
“Preserving the tax deferral of retirement savings is a win for retirement savers,” said Wayne Chopus, President and CEO of IRI. “Congress’ action ensures that a vital incentive to save for retirement remains intact — an outcome we’ve strongly advocated for on behalf of workers and retirees.”
# # #
Contact: Dan Zielinski
Stay Informed
Latest News
IRI HITS MAJOR MILESTONE WITH INDUSTRY DIGITAL FIRST INITIATIVE
Paperless Replacement Process Aims to Slash Processing Time WASHINGTON, D.C. – An Insured Retirement Institute-led (IRI) effort to transform the annuity…
IRI VISION: EMBRACING AGILITY AND PURPOSE-DRIVEN SOLUTIONS
The insured retirement industry must transition from slow-to-implement, data-heavy solutions that try to address every possible use case, to lightweight,…
IRI VISION: TWO BIG OPPORTUNITIES INSPIRED BY MULTICULTURAL DATA
As diverse as America is, we have common concerns. Among them, having enough money saved for a healthy retirement is…