STATEMENT OF THE INSURED RETIREMENT INSTITUTE ON THE INCLUSION OF SECURE 2.0 PROVISIONS IN OMNIBUS APPROPRIATIONS LEGISLATION

WASHINGTON, D.C. – The Insured Retirement Institute (IR) issued a statement by Paul Richman, Chief Government and Political Affairs Officer, regarding retirement provisions included in an omnibus appropriations measure that was released today.

“Including Secure 2.0 retirement provisions in the last major legislation of the year means that Congress is poised to help millions more workers and retirees with significant improvements to the nation’s private retirement system. We expect that the legislation will add billions to the retirement savings for small business workers, part-time workers, employees with student loan debt, military spouses, low-income workers, and others. We are reviewing the approximately 100 retirement provisions in the measure with our members to understand the full implications.”

Full Text of 2023 omnibus appropriations legislation.

Senate Appropriations Committee Chairman Patrick Leahy (D-Vt.) statement with additional links.

Section-by-section of Secure 2.0 provisions

The 2023 omnibus appropriations bill also includes the Registration for Index-Linked Annuities (RILA) Act. For additional information on this other IRI priority issue access a November 2021 IRI press release and this July 2022 statement.

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Contact: Dan Zielinski