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

February 12, 2024

IRI VISION: A BOLD PLAN FOR RETIREMENT SECURITY

Defined benefit pension plans through private employers have all but evaporated. Today’s workers rely on defined contribution retirement plans –…

Read more
February 7, 2024

LEGISLATION WOULD EXPAND RETIREMENT SAVINGS TO MILLIONS OF EMPLOYEES

IRI Says Bill Will Advance Financial Equity, Security for Workers and Families  WASHINGTON, D.C. – Legislation introduced today would expand…

Read more
February 6, 2024

STATEMENT BY WAYNE CHOPUS, PRESIDENT AND CEO, INSURED RETIREMENT INSTITUTE ON THE PROTECTING INNOVATION IN INVESTMENT ACT

WASHINGTON, D.C. – The Insured Retirement Institute (IRI) opposes the U.S. Securities and Exchange Commission’s (SEC) ‘Conflicts of Interest Associated…

Read more
Scroll To Top