Big changes are ahead for the U.S. retirement system that will shape how employers offer benefits and how employees save for their post-work years.
A range of retirement provisions—known as Secure 2.0—are included in the $1.7 trillion government spending bill for 2023. Some of those provisions include requiring automatic 401(k) enrollment, broadening employer 401(k) match options, and helping employees build and access emergency savings plans.
Read the article:
Secure 2.0 Retirement Overhaul
SHRM | Dec 2022
Text of the measure.
Effective dates vary by provision, see:
SECURE Act 2.0 Summary of Changes to Retirement Plans
Williams Mullen | Jan 2023
Additional Law Firm Articles
SECURE 2.0 Retirement Legislation Has Arrived in Style and Is Here to Stay: Top 10 Contribution-Related Provisions
Ogletree | Jan 2023
SECURE 2.0: Broad Bipartisan Retirement Reform Finally Crosses the Finish Line
Miller Canfield | Jan 2023
Congress Revamps Retirement Planning with Secure 2.0
Stinson | Jan 2023
More Roth, More Catch-Up, and Catch-Up As Roth
Jackson Lewis | Jan 2023
(Original) SECURE Act
SECURE Act Alters 401(k) Compliance Landscape
SHRM | Dec 2019
Effective Dates Vary by Provision
Text of the measure can be found here.
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