Major retirement legislation that would impact tens of millions of Americans and the security of a million-plus union pensioners hangs in the balance when lawmakers return to Washington on September 9th. The first order of business will be moving 12 spending bills to fund the government for fiscal year 2020 by the end of the month. Ten of the 12 bills have already passed out of the House; in the Senate, committees of jurisdiction have held hearings. There will be a lot of work to get done if the upper chamber is to meet its end-of-fiscal-year deadline to fund the government. That workload stands to potentially crowd out three retirement bills: The SECURE Act, the Butch Lewis Act, and the Retirement Savings and Security Act, all of which have some level of bipartisan support. But the chances for any to pass as stand-alone legislation in the near term will likely rely on lawmakers attaching the bills to must-pass appropriations legislation. Read more about the bills and their chances of passing on the slides above. READ MORE: Only cash infusion can save Central States, other multiemployer plans facing insolvency What the SECURE Act means for annuities in 401(k)s Everyone loves the new retirement bills, but...

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

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.