Significant reforms designed to help people save more for retirement are tucked into the $1.7 trillion government spending bill lawmakers passed through both chambers of Congress last week.
The bill, which funds the federal government through September 2023, also includes retirement reform legislation beginning on page 2,046 of the massive 4,155-page bill.
The legislation, known as SECURE 2.0, is intended to build on improvements to the retirement system that were implemented under the 2019 Secure Act. These changes included giving part-time workers better access to retirement benefits and increasing the age when required minimum distributions from certain retirement accounts must start to age 72 from 70 1/2.
