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
HOUSE PASSES ELECTRONIC NOTARIZATION LEGISLATION
Measure Would Bring Document Notarization into 21st Century WASHINGTON, D.C. – The U.S. House of Representatives passed legislation to authorize…
IRI UNVEILS 2023 RETIREMENT SECURITY BLUEPRINT
The Insured Retirement Institute (IRI) released its 2023 Federal Retirement Security Blueprint detailing the association’s federal legislative and regulatory public…
IRI ANNOUNCES NEW TASK FORCE TO ENHANCE FINANCIAL PROFESSIONALS’ DIGITAL EXPERIENCE ACROSS THE ANNUITY LIFECYCLE
The Insured Retirement Institute (IRI) announced today the formation of an Annuity Data Enablement Task Force comprised of senior insurance…