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
IRI VISION: DOL RULE WILL HARM RETIREMENT SAVERS
Today, the Biden Administration greenlit the U.S. Department of Labor’s (DOL) investment advice rule, which will hamper the efforts of…
LABOR DEPARTMENT RULE WILL WORSEN RETIREMENT INSECURITY
Millions of Consumers Stand to Lose Access to Professional Financial Guidance WASHINGTON, D.C. – Millions of retirement savers will lose…
STATEMENT BY WAYNE CHOPUS, PRESIDENT AND CEO, INSURED RETIREMENT INSTITUTE
WASHINGTON, D.C. – Today, the U.S. Department of Labor (DOL) will announce the final version of the “Retirement Security Rule:…