SECURE 2.0 Changes Catch-Up Contribution Rules
SECURE 2.0 requires that all catch-up contributions for a participant whose FICA wages for the prior year exceed $145,000 (indexed) be made on a Roth basis.
Retirement Savings for Americans Act Reintroduced
Senators John Hickenlooper (D-CO) and Thom Tillis (R-NC), and Representatives Terri Sewell (D-AL) and Lloyd Smucker (R-PA) have re-introduced the Retirement Savings for Americans Act.
Disaster Distribution Proposal Introduced in House
Representative Jill Tokuda (D-HI) has introduced HR 5873, the Natural Disaster Tax Relief Act of 2023.
SAFER Banking Act Advances Out of Committee
The Senate Finance Committee has advanced S. 2860, the Secure and Fair Enforcement Regulation (SAFER) Banking Act by a vote of 14-9.
Disaster Assistance May Be Available for Vermont Severe Storms and Flooding
The Federal Emergency Management Agency issued a disaster declaration on October 6, 2023, for Vermont severe storms and flooding.
Several Bills Amending ERISA Advance out of House Committee
The House Education and Workforce Committee held a mark-up of several proposals, including four bills.
Several Amendments to ERISA Proposed in House
Several bills have been introduced in the House of Representatives that would make amendments to the Employee Retirement Income Security Act of 1974 (ERISA).
Spousal Consent Proposal Re-Introduced
Representative Lauren Underwood (D-IL) and Senator Tammy Baldwin (D-WI) have re-introduced H.R. 5060, the Women's Retirement Protection Act of 2023 in the House and Senate.
PBGC Announces One-Time 4010 Filing Waiver
The Pension Benefit Guaranty Corporation is providing a one-time waiver of the reporting requirement under Section 4010 of ERISA for filers meeting specific criteria.
Auto Reenrollment Legislation Reintroduced
Senators Tim Kaine (D-VA) and Bill Cassidy (R-LA), and Representative Kathy Manning (D-NC), have reintroduced the Auto Reenroll Act of 2023.
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