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.
# # #
Contact: Dan Zielinski
Stay Informed
Latest News
PRESIDENT BIDEN PROPOSES RETIREMENT “INSECURITY” REGULATION
Lower- And Middle-Income Workers Will Lose Access to Professional Financial Advice WASHINGTON, D.C. – President Joe Biden today proposed a…
IRI ANNOUNCES RESULTS OF BOARD OF DIRECTORS ELECTIONS
WASHINGTON, D.C. – The Insured Retirement Institute (IRI) announced election results for its Board of Directors. IRI welcomed a new…
IRI WINS FIVE ACORD AWARDS FOR COMMUNITY LEADERSHIP, DRIVING NEW STANDARDS, AND ADVANCING WOMEN IN INSURANCE
WASHINGTON, D.C. – ACORD, an insurance industry standard-setting organization, presented the Insured Retirement Institute (IRI) with five awards today. The…