Retirement policy is not sexy enough to hold politicians' and the electorate's attention, says one analyst. (Photo: Jim Bourg/Pool via Bloomberg)
Despite the longstanding, bipartisan support for legislation that would make it easier for small and midsized employers to sponsor 401(k)s through Multiple Employer Plans, two bills pending in Congress face a doubtful future, according to one economist and retirement policy analyst.
“I'd say that I'm bearish on Open MEPs passing out of this lame duck session,” said Jake Spiegel, senior research analyst at Morningstar, referencing the chances that the Family Savings Act and the Retirement Enhancement Savings Act will be taken up before the 115th Congress closes in 2019.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
