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Proposals to change the nation’s pension, retirement savings plan, and Individual Retirement Account laws are continually before the U.S. Congress. Currently, a number of proposals affecting employees, retirees, and their families are under consideration. Others have passed Congress and have been signed into law. The bills and laws are often complicated, but when individuals take the time to understand them and make their views heard, it can make all the difference to their future retirement security.

Bills (View all)

Legislation that has been proposed

State-based retirement plans for the private sector

There is a movement afoot to use the efficiencies of public retirement systems to administer new types of pension plans for private-sector workers. Below are brief summaries of plans that have either passed or are being considered.


Keep Our Pension Promises Act of 2015

The Keep Our Pension Promises Act of 2015 repeals the “benefit suspension” provisions of the Multiemployer Pension Reform Act of 2014 (MPRA) enacted at the end of the last Congress.


Laws (View all)

Legislation that has been enacted into law

Summary of the pension cutback provisions in the Omnibus spending law

In December 2014, Congress passed and President Obama signed into law the 2015 Omnibus spending bill, which included provisions that allow trustees of certain multiemployer plans to cut retirees’ pensions (part of the Multiemployer Pension Reform Act of 2014). Below is a summary of these provisions.


The Illinois Secure Choice Savings Program Act

On January 4, 2015, Illinois Governor Pat Quinn signed into law the Illinois Secure Choice Savings Program Act (Public Act 098-1150). Introduced as S.B. 2758 by Illinois Senator Daniel Biss, the Act passed the State legislature in 2014.

Connecticut Secure Retirement Plan

Connecticut Secure Retirement Plan

On May 7, 2014, the Connecticut General Assembly passed a “budget implementer” bill that includes provisions to lay the groundwork for a new state-administered retirement savings plan for private-sector workers who do not have an employer-provided pension or retirement savings plan.