A Step Forward For Retirement Legislation

On April 2, 2019, the House Ways and Means Committee approved bipartisan retirement legislation titled the “Setting Every Community Up for Retirement Enhancement Act of 2019” (“SECURE Act,” H.R. 1994). The bill is similar to the Retirement Enhancement and Savings Act (“RESA,” H.R. 1007) but includes several changes and new provisions.

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The Department of Labor (“DOL”), Department of the Treasury (the “Treasury”), and Pension Benefit Guaranty Corporation (“PBGC”) (collectively, the “Agencies”) recently released a notice of proposed re