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Legislation

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.

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Bill would automatically enroll employees in workplace IRAs

On August 5, 2010 Senator Jeff Bingaman (D-NM) introduced the Automatic IRA Act of 2010 (S.

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Laws (View all)

Legislation that has been enacted into law

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.

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Relief for Hurricane Victims

Katrina Emergency Tax Relief Act of 2005 Retirement Provisions

On September 21, 2005 President Bush signed into law the Katrina Emergency Tax Relief Act of 2005 (KETRA). KETRA includes provisions specifically related to retirement plans to provide financial relief to those affected by Hurricane Katrina.

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