(Photo: U.S. Capitol Rotunda, Diego M. Radzinschi/ALM)
The clock is ticking on passage of SECURE 2.0 Act legislation before Congress adjourns for the year. The Pension Committee and the Retirement Policy and Design Evaluation Committee of the American Academy of Actuaries recently sent a letter to House and Senate leaders – Chuck Schumer (D-NY), Mitch McConnell (R-KY), Nancy Pelosi (D-CA) and Kevin McCarthy (R-CA) – encouraging its passage.
"We support the efforts of lawmakers to address the challenges that many Americans face in retiring securely while addressing the accompanying longevity risk due to increasing life expectancies and changes in the way that employers provide retirement benefits," the letter said.
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