Skip to content

WASHINGTON, D.C. – The Insured Retirement Institute (IRI) issued a statement by Paul Richman, Chief Government and Political Affairs Officer, following today’s House Financial Services Committee vote to pass the Retirement Fairness for Charities and Educational Institutions Act of 2023 (HR 3063).

“This bipartisan bill will put millions of teachers, hospital workers, clergy, and non-profit employees participating in 403(b) retirement plans on a level playing field with all other retirement savers.

Participants in 403(b) retirement plans deserve full parity with all other retirement plan participants. The changes to federal securities laws proposed in the bill will provide that parity. The legislation will give 403(b) plan participants a choice of more robust investment lineups consisting of lower-cost options that preserve principal and provide protected guaranteed lifetime income.

We appreciate the leadership and effort of House Financial Services Committee members who voted today to advance the Retirement Fairness for Charities and Educational Institutions Act of 2023. IRI will work with House leadership to bring this bill to a floor vote.”

IRI Letter of Support – May 3, 2023

IRI Press Release – May 3, 2023

# # #

Contact: Dan Zielinski

 

Stay Informed

Latest News

June 5, 2025

May News Articles

News articles in which IRI is mentioned or quoted. Plan Adviser – Beyond the Annuity Puzzle: Rewiring the Psychology of…

Read more
May 29, 2025

IRI ANNOUNCES CHANGES TO EXECUTIVE COMMITTEE AND NEW BOARD MEMBERS

WASHINGTON, D.C. – The Insured Retirement Institute (IRI) announced three new representatives to its Board of Directors: Dominic Blue, Head…

Read more
May 20, 2025

HOUSE COMMITTEE TO VOTE ON RETIREMENT PLAN PARITY, INVESTOR DISCLOSURE, AND SENIOR PROTECTION MEASURES

WASHINGTON, D.C. – The Insured Retirement Institute (IRI) is urging the House Financial Services Committee to approve three bipartisan bills…

Read more
Scroll To Top