Breaking News: Congress Has Passed Legislation Affecting Retirement Savings Plans
On December 20, 2019, the President signed into law the Further Consolidated Appropriations Act, 2020, which includes the major retirement savings-related provisions of the Setting Every Community Up for Retirement Enhancement (SECURE) Act previously passed by the House in April 2019. Many of the provisions will become effective January 1, 2020.
Ascensus summarizes these changes in its latest Washington Pulse and will continue to assess the effects of this legislation and any related guidance.
