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Bill to Rescind DOL Rule Extending Pension Coverage Sparks Fierce Debate

Chief Investment Officer
Date Published: 
Monday, March 6, 2017

In a move that is sparking a firestorm of protest regarding the extension of retirement plans to uncovered workers, the US House of Representatives advanced two bills to overturn federal rules that would make it simpler for states to start individual retirement accounts (IRAs) for private-sector workers who do not have 401(k)s.