IRI ACTION PLAN SPURS MOMENTUM ON RETIREMENT SECURITY

WASHINGTON, D.C. – The Insured Retirement Institute (IRI) today highlighted growing bipartisan engagement on retirement security following the November 6 release of its action plan, A More Secure Retirement for America’s Workers and Retirees.

IRI shared the plan with the Trump Administration and congressional leaders, urging collaborative action on bipartisan policies that reduce retirement insecurity and expand access to retirement savings options and protected, guaranteed lifetime income solutions.

Retirement issues have historically been bipartisan. The two most recent comprehensive retirement security laws, the SECURE Act of 2019 and the SECURE 2.0 Act of 2022, were both enacted with strong bipartisan support.

IRI’s call to action came as a January 2025 BlackRock survey showed that 80 percent of U.S. voters believe the Trump Administration and Congress should prioritize retirement legislation, while only 18 percent feel very confident they will have enough money to last throughout retirement.

“Since launching our plan, we are highly encouraged to see both the Administration and Congress are considering measures to help America’s workers and retirees save and invest more effectively for their financial future,” said Wayne Chopus, President and CEO of IRI.

 Growing Federal Momentum

House Action Expected on INVEST Act
The Incentivizing New Ventures and Economic Strength Through Capital Formation (INVEST) Act of 2025 (H.R.3383) incorporates the Retirement Fairness for Charities and Educational Institutions Act (S.424/H.R.1013), which was included in IRI’s action plan. The INVEST Act is expected to receive a vote on the House floor this week. The bill aims to enhance retirement and investment opportunities for workers employed by charities, public schools, colleges, universities, and hospitals nationwide.

Senate HELP Committee Hearing on December 10
The Senate Health, Education, Labor & Pensions Committee scheduled a hearing for December 10 on “The Future of Retirement.” Lawmakers are expected to examine key proposals from IRI’s plan, including the Helping Young Americans Save for Retirement Act (S.1707/H.R.4718) and the Auto Re-enroll Act of 2025 (S.1831), which would significantly expand savings opportunities for millions of workers.

Presidential Engagement
On December 3, President Trump said that his Administration was looking at options to enhance retirement security. His comments underscore growing national interest in strengthening America’s private-sector retirement framework.

“The anxiety many Americans feel about outliving their savings underscores the urgency for action,” Chopus said. “It is encouraging to see policymakers recognizing the need to bolster confidence in America’s workers’ and retirees’ long-term financial well-being. IRI looks forward to working with the President, his Administration, and Congress in a bipartisan manner to advance every viable policy that can help more workers and retirees achieve a secure retirement.”

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Contact: Dan Zielinski