Legislation

New proposed legislation could help close the retirement savings coverage gap — and you can help make it a reality. Small business owners face real challenges — costs, administrative burdens, and increased liability for mistakes — in the decision to provide retirement benefits for their workers.... READ MORE

The pressure to live a secure retirement has led to some counterintuitive views about just what will help workers get themselves there.  While 66% of American workers are still planning to supplement their personal savings with income from Social Security, 42% also don’t believe Social Security... READ MORE

A pair of Senate Democrats, one of whom is a 2020 presidential candidate, introduced legislation on April 4 that would require businesses to pay at least 50 cents into an employee’s retirement savings plan for every hour worked.  Noting that 3 in 10 workers lack access to a workplace retirement... READ MORE

The leaders of the Senate Finance Committee, Chairman Charles Grassley (R-IA) and Ranking Member Ron Wyden (D-OR), have introduced the Retirement Enhancement and Savings Act (RESA) once again. The Senate action comes as members of the House Ways & Means Committee are poised to pass its own... READ MORE

The House Ways & Means Committee has unveiled bipartisan retirement security legislation that it plans to consider April 2.  According to committee Chairman Richard Neal (D-MA), the committee will convene a markup that day to consider several bills, including the Setting Every Community Up for... READ MORE

New survey results show that workers are highly concerned about their financial security, particularly in retirement, and they are counting on both Congress and their employers to provide solutions. Conducted on behalf of Prudential by Morning Consult, the sixth “American Workers Survey” finds... READ MORE

The Pacific Rim, a place where it’s a bit less unusual than others for new land to explode into existence, is adding to the state-sponsored retirement plans earthquake. Add Hawaii and Washington to the states whose legislatures have or are considering legislation that would create state-sponsored... READ MORE

Calls for bipartisan action to address the problems facing multiemployer pension plans highlighted a March 7 hearing of the House Education and Labor Committee’s Subcommittee on Health, Education, Labor and Pensions. The crisis facing multiemployer pension plans “Is not years away, it is happening... READ MORE

Democrats in both houses of Congress have introduced legislation that will tax financial transactions – including those in your 401(k). "It's called the Wall Street Tax Act, but it's really a Main Street savings attack," said Brian Graff, CEO of the American Retirement Association. The Wall... READ MORE