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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
Provisions in National Defense Authorization Act would cut retirement benefits

Provisions in National Defense Authorization Act would cut retirement benefits for former military spouses

Federal laws allow state family court judges to award a fair share of an employee’s retirement benefit to a former spouse at divorce.

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"Composite Bill" Legislative Summary

"Composite Bill" Legislative Summary

The U.S. House of Representatives Subcommittee on Health, Employment, Labor and Pensions recently held a hearing on a “Discussion Draft to Modernize Multiemployer Pensions.”  The draft is commonly referred to as “the composite bill” even though it has not yet been introduced into Congress as a stand-alone piece of legislation.

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The Retirement Savings Lost and Found Act

Legislation introduced by Senators Elizabeth Warren (D- MA) and Steve Daines (R-MT) is aimed at solving a problem that affects so many retirement plan participants and retirees today – the problem of lost retirement benefits. The Retirement Savings Lost and Found Act of 2016 (S.

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Laws (View all)

Legislation that has been enacted into law

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.

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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.

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