What a way to end the year. The final SECURE 2.0 bill was signed into law on December 29, 2022 by President Biden. This is big, not only in terms of the number and types of retirement provisions that will have a lasting impact on American workers, but the work that went into educating, drafting, negotiating and passing this bill. Bravo to all those involved.
With over 90 retirement provisions included in SECURE 2.0, the process to review, evaluate and seek regulatory guidance is already underway. While some of the provisions are effective “as of date of enactment,” most provisions provide a longer runway for implementation.
The Buzz from Washington highlights some of the more significant retirement-related legislative and regulatory activities that could have an impact on workers, plan sponsors and their providers. We hope this is a helpful resource as you consider plan design, plan administration, and investment strategies for your plan or clients.
