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Landmark Retirement Security Legislation Included in Federal Spending Measure

 WASHINGTON, D.C. – The Senate approved comprehensive retirement security legislation as part of a larger measure that funds federal government operations for fiscal year 2023.

The Insured Retirement Institute (IRI), a leading proponent of the retirement measures in the legislation, said it would help to address the anxiety workers and retirees have about their financial well-being throughout their retirement years.

“We are one step closer to delivering billions in increased retirement savings for millions of workers who need it most,” said Wayne Chopus, IRI President and CEO. “This includes those facing student loan debt, part-time workers, small business employees, low-income workers, and military spouses. We fully expect the House to pass this vital financial security legislation this week and send it to President Biden for signature.”

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Contact: Dan Zielinski

 

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