If You Incent It, Will They Do It? a Hot Take on SECURE 2.0 and New Plans
This is Part 3 in a series covering key elements of SECURE 2.0, entered into law as part of the 2023 Appropriations Act (Division T).
We’ve just covered Automatic Enrollment and the Saver’s Match, one auto-feature, and one incentive with an auto-feature. Now we’ll focus on straight-out incentives to employers to start new plans.
Retirement Security Matters: January 26, 2023
Happy Late January, friends! Is it just us or is the year already speeding by? There's a lot going on in the world of retirement savings innovations. Warm yourself up with a steaming cup of something (did you know Jan. 31 marks National Hot Chocolate Day?) and read on:
Treasurer Michael Frerichs on Illinois Secure Choice at Five – Wow!
Key updates from California, Connecticut, and Maine
Our first Correction (certainly not our first mistake though)
A hot take on SECURE 2.0 - key features of the Saver’s Match
Hot Sauce and Cool Stuff – Always an audience favorite!
Swearings-in and more in Pix of the week
Someday, Over the Rainbow: a Hot Take on SECURE 2.0 and the Saver’s Match
This is Part 2 in a series covering key elements of SECURE 2.0, as memorialized into law as part of the 2023 Appropriations Act (Division T) on December 29, 2022. We were still crying over our canceled flights, but it gave us plenty of time to read the Act.
In Division T alone we counted more than 40 new retirement-related provisions. We focused first on Automatic Enrollment, because it’s so impactful and we love it. This week we’ll hit the key features of the Saver’s Match – what qualifies, who gets the money, when, and where.