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
IRI ISSUES SECOND QUARTER 2021 ANNUITY SALES REPORT
Annuity Sales Continue Their Rise WASHINGTON, D.C. – Sales of fixed and variable annuities were $60 billion in the second…
STATES CONTINUE TO ADOPT NAIC BEST INTEREST MODEL REGULATION
IRI Reports Adoption Progress to State Legislative Conference WASHINGTON, D.C. – Nearly half of all states are likely to adopt…
HOUSE LEGISLATION TO ADD RETIREMENT PLANNING TO FEDERAL STUDENT LOAN RECIPIENTS’ FINANCIAL LITERACY COUNSELING PROGRAM
Initiative Included in IRI’s Federal Retirement Security Blueprint WASHINGTON, D.C. – Legislation introduced recently would add retirement planning and saving…