Here's what might happen to legislation such as the Retirement Enhancement Security Act and the Automatic Retirement Plan Act. (Photo: Shutterstock)
The political stasis expected if Democrats flip control of the U.S. House of Representatives, and Republicans retain control in the Senate, may not apply to key pieces of retirement legislation currently queued up in both chambers.
“The initial reaction is that a split in the House and Senate would lead to gridlock, but this time may be different for retirement policy,” said Ed Murphy, president of Empower Retirement, which administers $570 billion in retirement plan assets for more than 8.7 million participants.
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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.
